Rumored Massive payouts to celeb investors while fighters make peanuts

Discussion in 'UFC Discussion' started by wearetheromans, Feb 29, 2020.

  1. wearetheromans

    wearetheromans Yellow Card Yellow Card

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    https://nypost.com/2020/02/28/ufc-fighters-rage-over-low-pay-while-investors-reap-big-dividends/

    As The Post reported earlier this month, roughly $300 million — the lion’s share of UFC’s $350 million cash reserve — is going to one-time dividend payments to the company’s star-studded list of investors, which includes actor and producer Mark Wahlberg, actress Charlize Theron and model Gisele Bündchen.

    “I heard about Dana tipping a waitress $10,000 and that was my wage as a fighter,” said former UFC fighter Kyle Kingsbury. “I lived in my mom’s garage and I had two jobs when I was fighting in the UFC. I was a personal trainer and a bouncer [and] bartender in a strip club.”

    <{danayeah}>

    biggest news here is actually

    After losing a bout to Conor “Irishman” McGregor in less than a minute in January, Donald “Cowboy” Cerrone revealed that he didn’t get a dime more than the $200,000 he was promised in his contract.

    conor's new nickname is "Irishman"
     
  2. HardasNAILZ

    HardasNAILZ Brown Belt

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    Fantastic news!
     
  3. Ken Oath

    Ken Oath Brown Belt

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    U Fight Cheap
     
  4. IBeLurkin

    IBeLurkin I see you've come to this battle of wits unarmed

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    The investors in the company make more than the employees/contractors??

    I'm fucking shocked!!!
     
  5. Kyle Stephens

    Kyle Stephens Purple Belt

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    So much about the "red panty night"... :D You gotta be smarter than that, Cowboy. If it's not in the contract, you won't get it. Sometimes even if it's written down it's not a guarantee. You gotta be more savvy than that, you are a fucking UFC veteran.

    But we have to agree that most of the fighers don't have what it takes to negotiate and are not talented in the business side of fighting. That's why if you suck at deals yourself, you wanna Ali Abdelaziz as your manager or somebody like him.
     
    Nabs likes this.
  6. listrahtes

    listrahtes Brown Belt

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    I dont get the meaning in paying out dividends from cash reserves instead of profits? Can someone explain?

    Imo that is a sure way to take any financial mobility away and getting close to a shut down. It damages the company mid to long term.

    Just think about if the ppv model implodes completely because americans also dont like to get ripped of anymore and ESPN gets out of the contract. You have to have some liquidity for such events.
     
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  7. brackis1

    brackis1 Gold Belt Platinum Member

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    Most companies/industries don't involve the worker/contractor also being the product.
    Small minded parrot response by boss-lover?
    I'm fucking shocked!
     
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  8. kibz

    kibz Brown Belt

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    If true it wasn’t a red panty night, it was a brown boxer night for Cowboy because he shit himself all around.
     
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  9. IBeLurkin

    IBeLurkin I see you've come to this battle of wits unarmed

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    But this company does, and obviously so, has never lied about that, and shapes its business around it.

    It is also well known that the worker/contractor in this exact profession gets a small percent of the actual net revenue.

    This is common knowledge.

    So again, I say...I'm fucking shocked!
     
  10. Martialbeef

    Martialbeef Black Belt

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    So why was Cowboy setting there like a fucking bitch swallowing the nonsense Conor fed the media at the presser about Cowboy finally making bank because he deserved it?
     
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  11. The Big Bang

    The Big Bang Black Belt

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    Ultimate Crying ShamPeanutShit
     
    Last edited: Feb 29, 2020
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  12. Hellowhosthat

    Hellowhosthat Black Belt

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    In most cases the workers make the product and that's still the case with the UFC.

    It's supply and demand really, if fighters of sufficient quality are prepared to fight for the money in offer then that's on them really.

    As much as from a competitive standpoint it sucks to see top quality fighters fighting outside the UFC, the only way UFC pay will increase significantly is if it happens enough that they can no longer realistically claim to have the majority of the best fighters in the world.
     
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  13. Coolkid666

    Coolkid666 Brown Belt

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    wut
     
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  14. MMAart

    MMAart Black Belt

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    Confirmed: UFC fighters get 50% off Reebok coupons!

    [​IMG]
     
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  15. empsim

    empsim Brown Belt

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    Stop being such a shill

    Nobody is saying the fighters should be making as much as dana or investors, but the numbers are completely ridiculous
     
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  16. ostlerrage

    ostlerrage Double Yellow Card Double Yellow Card

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    and the dirt poor continue to vote to support the system and its parasites.
    trump continues to make tax cuts for the rich. awesome system.
     
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  17. Fraz

    Fraz Burnt Offerings

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    Excellent news, the ingrate fighters should feel lucky the UFC is this generous to them.

    Apparently Dana is proposing a plan to have fighters drafted in to the UFC Hotdog brander factory for some hard labour when fights aren't scheduled. Its a great idea so they can pay back the company
     
  18. Kell Martin

    Kell Martin Orange Belt

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    My impression was that the investors were told UFC would go public. And when that didn't happen they got their money back.
     
  19. Congo66

    Congo66 Silver Belt

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    This thread just shows how little people know about companies.
    Apple make billions every year and have cash reserves of over $100 bill.
    They don't cut their prices or give employees massive pay rises but they do give dividends to investors. That's how things work.
     
  20. Kono dio da!

    Kono dio da! Purple Belt

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    Cowboy is a simp.
     

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