Lorenzo destroying FPWs (Fighter Pay Warriors)

[Macalpinerules]

I'm pretty sure most of the informed fans are aware of this, but here is Lorenzo himself spilling the beans on what the UFC is actually making. According to him 2015 was a record year for the UFC. He said the company generated $600m in revenue in 2015. Lorenzo then goes on to point out that the UFC has to pay for promoting and staging all of their shows. It would be reasonable to assume that about half of all revenue goes to pay for business expenses. That leaves about $300m, or maybe less considering I don't know what the UFC's tax situation is like. If one were being reasonable it would be safe to assume the UFC in their best year made about $250m in pure profit. So when you add that to the fact they pay about $100m in fighter salaries and bonuses every year, it would be fucking mental to claim they aren't paying fighters fairly. So I Hope the FPWs chill out already.

 

[wilKO]

They aren't paying fighters fairly. This isn't about Conor. This is about business. The top screw the bottom.

 

[FrankieNYC]

Well your $100 million figure is closer than that nitwit that said the pay less than $15 million a year to all fighters combined

But they can still pay fighters more (over-all)

 

[HIMBOB]

Can you offer anything to support the random figures you used?

250 million?
100 million?
Half?

Fucking northern monkeys

 

[Corleone187]

This guy should talk more for the company instead of that moron Dana, he's actually professional.

When Dana talks its like he's trying to sell you soap on an infomercial

 

[FrodoFraggins]

MLB, NFL, NBA ... They all have substantial costs including owning freaking stadiums , TV networks and minor league teams and parks. Yet they manage to fairly pay their athletes.

The Fertitas aren't owning anyone but the fighters. But until the fighters stand up and unionize I can't be bothered anymore.

 

[DontWaitUp]

This guy should talk more for the company instead of that moron Dana, he's actually professional.

When Dana talks its like he's trying to sell you soap on an infomercial

Bumptious maybe, but a moron he is not.

 

[A Very Serious Cat]

So you think they make $250m profit off $600m revenue? Any proof of that? Seem very high

 

[DontWaitUp]

They aren't paying fighters fairly. This isn't about Conor. This is about business. The top screw the bottom.

And yet thousands of fighters would love to be on the roster.

 

[johncola]

@Macalpinerules people suggest that pay is unfair because of the percentage of revenue they pay out to fighters is low. You're saying that he percentage of profit isn't low (and you're by your own admission widly speculating when you do it).

The idea is that fighters should be paid an amount in relation to revenue, not profit. The reason for that is, profit is affected by business expenses, and fighters aren't supposed to be responsible for that. They shouldn't be paid less because the UFC wants to produce an expensive commercial for an event, for example. So you have to go by revenue. And supposedly, the UFC pays a very small amount of revenue to its fighters.

 

[straight6]

MLB, NFL, NBA ... They all have substantial costs including owning freaking stadiums , TV networks and minor league teams and parks. Yet they manage to fairly pay their athletes.

The Fertitas aren't owning anyone but the fighters. But until the fighters stand up and unionize I can't be bothered anymore.

This! As if UFC is the only org/promotion that has staging and marketing cost. Its the same with most sports orgs.

Having said that, nba, nfl, mlb, etc. all still pay out 50% of the revenue (NOT profits).

 

[FrodoFraggins]

@Macalpinerules people suggest that pay is unfair because of the percentage of revenue they pay out to fighters is low. You're saying that he percentage of profit isn't low (and you're by your own admission widly speculating when you do it).

The idea is that fighters should be paid an amount in relation to revenue, not profit. The reason for that is, profit is affected by business expenses, and fighters aren't supposed to be responsible for that. They shouldn't be paid less because the UFC wants to produce an expensive commercial for an event, for example. So you have to go by revenue. And supposedly, the UFC pays a very small amount of revenue to its fighters.

It has to be revenue based as you state. Hollywood is the worst, but all businesses can make things look worse from a profits stand point. Hollywood is known for this. Hell the lord of the rings movies probably haven't made a profit yet according to New Line, which is why they were sued by tolkiens family. but that's off topic.

 

[FrankieNYC]

Can you offer anything to support the random figures you used?

250 million?
100 million?
Half?

Fucking northern monkeys

I'm not him, but the $100 million should be pretty close
If you slowed down you would realize that is in line with the BloodyElbow report about UFC/Zuffa finances that everyone loves to point out

Zuffa made over 600 million in 2015 & 15% of over $600 million is .........

 

[straight6]

@Macalpinerules people suggest that pay is unfair because of the percentage of revenue they pay out to fighters is low. You're saying that he percentage of profit isn't low (and you're by your own admission widly speculating when you do it).

The idea is that fighters should be paid an amount in relation to revenue, not profit. The reason for that is, profit is affected by business expenses, and fighters aren't supposed to be responsible for that. They shouldn't be paid less because the UFC wants to produce an expensive commercial for an event, for example. So you have to go by revenue. And supposedly, the UFC pays a very small amount of revenue to its fighters.

yup, other sports pay out athletes from revenue (appx 50%). Its never from "profits" as thats can be easily manipulated.

 

[Deleted member 502383]

MLB, NFL, NBA ... They all have substantial costs including owning freaking stadiums , TV networks and minor league teams and parks. Yet they manage to fairly pay their athletes.

The Fertitas aren't owning anyone but the fighters. But until the fighters stand up and unionize I can't be bothered anymore.

You can't unionize independent contracts unfortunately.

 

[HIMBOB]

I'm not him, but the $100 million should be pretty close
If you slowed down you would realize that is in line with the BloodyElbow report about UFC/Zuffa finances that everyone loves to point out

Zuffa made over 600 million in 2015 & 15% of over $600 million is .........

Okay show me that 15% report.

 

[NoContest]

Why don't these fighters beat up the Fertitas and Dana and take their money? I'd watch.

 

[skysolo]

Lorinsers on Yokohama tires, bling bling

 

[straight6]

You can't unionize independent contracts unfortunately.

yes you can.

"As an independent contractor, the terms and conditions of the work you perform are set out in a contract between you and the employer. Even though you are not considered an “employee” under federal labor law, you may still join a union."

"One thriving example of an independent contractor unit is the Guild Freelancers, an active group of independent writers and journalists who have organized as a part of the larger Pacific Media Workers Guild, a CWA local."

 

[FrankieNYC]

Okay show me that 15% report.

Google it
It is not exactly news & has been all over Sherdog for months