Rumored Massive payouts to celeb investors while fighters make peanuts

[Gmork]

Fighters need to unionize, yesterday.

 

[Martialbeef]

Cowboy is a simp.

He's a prick. He could not fight again and I wouldn't notice.

 

[nostradumbass]

To show how horrible it is that investors make money, they interview a guy that fought in the UFC 6-12 years ago and had a losing record?

The waitress put in more work than Cerrone and only got $10,000 and not the $200,000 Cerrone got. Dana undertips waitress and makes them work for peanuts confirmed.

 

[brackis1]

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.

Well no.
In most cases the workers make the product using raw materials. disposable resource that comprise a significant portion of what is being paid for because it doesn't just fall out of the sky and needs to be developed to form something you want to purchase.
Do McDonalds workers raise the cattle and harvest the grain for their burgers? Who makes the cups? Most businesses are massively dispersed operations requiring teamwork, supply chain and so forth. They employ tons of people and pay tons of people. The UFC does neither.
The UFC is using the fighters for their names, health, and the totality of training that makes them worth me tuning into their broadcasts instead of any number of activities I could be doing using an insanely small group of athletes. Few companies are worth 5+ billion dollars that rely entirely on intangible "brand value" and a few hundred elite specialists in a single skill (mma)

Watching amateur hour high school econ kids defend Dana and some billionaire company with "well it's basic supply and demand" is infuriating and shows how much of society is programmed into "well it's all the same, some people are really rich and that's how it's supposed to be quit complaining hurr durrr"

 

[wearetheromans]

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.

We know this, and as a woke citizen, it is absolute trash. Humanity deserves better than this swamp of making the rich get richer while giving nothing.

 

[Kono dio da!]

He's a prick. He could not fight again and I wouldn't notice.

I used to think he was cool. He's not. Watch his Joe rogan interview. He's a prick. And he's a simp too, because he let's the UFC walk all over him, accepts fights he shouldn't be taking like till and doesn't even negotiate better terms. He took all these stupid fights and only now did he finally get a conor fight. Another reason why I really dislike him is, he has the perfect skill set. Noone in that division is as rounded as him. Tony is rounded but his striking is sloppy. Cowboy is perfectly rounded, but he still always finds a way to shit the bed. And then when people point that out, "mOsT WiNs iN tHe UFC". But he doesn't have elite wins. He beats good opponents but loses to the elite, apart from Alvarez. And he also interrupted gaethje's post fight interview and don't get me started on his behavior during 246 fight week. Simp.

 

[Lemmy Caution]

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.

It's not about supply and demand. The NBA, NFL, NHL, MLB, golf, tennis, etc. have supply and demand built into it. That's the very reason for the UFC's profit margin. Every company on the planet would love to have profit margins like those of the UFC. They don't, because of competition. The Gegard situation would not happen in other sports, because competition.

This wouldn't be possible in the EU, where you have the right to go to the highest bidder.

I don't understand why people think the absence of supply and demand is the same as supply and demand. Is it because people just parrot things they hear without thinking?

 

[khabib time]

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.

apple dividend is a little over 1%. You're actually wrong. What the company tries to do is give the CEO, CFO and other executives massive bonuses, raises and other forms of compensation. They also give board members big money as well. This is a big reason that the system is reaching a breaking point. Too much money in too few hands. Eventually the people revolt. At least we have Bloomberg getting in the race to try and help.

 

[Mortal Wombat]

So my avatar is wrong then. LOL so Cowboy did a work for fuck all. Serves him right.

 

[wearetheromans]

Who makes the money in the NBA? The NFL?

Are the players getting ripped off for peanuts while the investors get all the cash?

No?

Wait, Dana and Lorenzo are actually low rent crooks trying to squeeze as much as they can from the athletes to make a few rich assholes richer? And this is something to be celebrated? Fuck that.

 

[Hellowhosthat]

No you buffoon.
In most cases the workers make the product using raw materials at are a disposable resource.
Do McDonalds workers raise the cattle and harvest the grain for their burgers?

Watching amateur hour high school econ kids defend Dana and some billionaire company with "well it's basic supply and demand" is infuriating.

No, but the problem is that at the moment the lower card fighters especially are a replaceable resource, as there are a couple of hundred at least other fighters who are UFC quality. Most of the fighters who would be hard to replace are making decent money.

 

[KBE6EKCTAH_CCP]

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.”



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"

TS just found out that investment management is a better career choice on average than cage fighting.

 

[Hellowhosthat]

It's not about supply and demand. The NBA, NFL, NHL, MLB, golf, tennis, etc. have supply and demand built into it. That's the very reason for the UFC's profit margin. Every company on the planet would love to have profit margins like those of the UFC. They don't, because of competition. The Gegard situation would not happen in other sports, because competition.

This wouldn't be possible in the EU, where you have the right to go to the highest bidder.

I don't understand why people think the absence of supply and demand is the same as supply and demand. Is it because people just parrot things they hear without thinking?

The reason wages are so high in NFL, NBA, Premier league etc is exactly because of supply and demand. LeBron James has a lot of teams who can afford to pay him a massive salary all competing for his services. Fighters don't have the same options so they don't have the same offers on the table. If Bellator suddenly started ponying up half a million per fight to every fighter on the roster then they'd jump over in droves.

 

[brackis1]

apple dividend is a little over 1%. You're actually wrong. What the company tries to do is give the CEO, CFO and other executives massive bonuses, raises and other forms of compensation. They also give board members big money as well. This is a big reason that the system is reaching a breaking point. Too much money in too few hands. Eventually the people revolt. At least we have Bloomberg getting in the race to try and help.

lol wow that post took a confusing and incorrect turn with the bloomberg reference.

 

[brackis1]

The reason wages are so high in NFL, NBA, Premier league etc is exactly because of supply and demand. LeBron James has a lot of teams who can afford to pay him a massive salary all competing for his services. Fighters don't have the same options so they don't have the same offers on the table. If Bellator suddenly started ponying up half a million per fight to every fighter on the roster then they'd jump over in droves.

Well no, because if the fans weren't complete bootlicking little weenies we'd realize that 1 league means that if the fighters and fans organized, the UFC would be fucked because there wouldn't be top talent to scab in from other leagues.

 

[Congo66]

We know this, and as a woke citizen, it is absolute trash. Humanity deserves better than this swamp of making the rich get richer while giving nothing.

Did you post that from your iphone?

 

[wearetheromans]

TS just found out that investment management is a better career choice on average than cage fighting.

Not when the proletariat rises up and seizes the means of production, comrade. Useless fodder like investment bankers will be first against the wall.

 

[wearetheromans]

Did you post that from your iphone?

No? How would that be relevant if I did? Terrible strawman argument.

 

[Hellowhosthat]

Well no, because if the fans weren't complete bootlicking little weenies we'd realize that 1 league means that if the fighters and fans organized, the UFC would be fucked because there wouldn't be top talent to scab in from other leagues.

The fans aren't ever going to organise. Hardcores who post on Sherdog are a tiny fraction of revenue. The vast majority of people tuning in couldn't give a shit how much people are getting paid.

Fighters could try and organise but without viable alternatives I'm not sure what leverage a union would have.

 

[brackis1]

Did you post that from your iphone?

Look everyone; we've got a genius on our hands! Nothing is possible except what is!