Rumored Massive payouts to celeb investors while fighters make peanuts

[Congo66]

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.

I'm wrong that they have $100 mill in cash don't cut prices and don't give everyone massive pay rises?
The point is exactly the same. WME are no different to any other company. Profits don't lead to large increases in the pay of normal employees or to a reduction in the price to customer.
'We' don't, I'm not American. If you want a revolution then Bernie is a far better bet that a guy with $60 bill.

 

[Congo66]

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

Well you started it, you have no argument, I'm just pointing out your hypocrisy and that you don't know what you're talking about.

 

[brackis1]

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.

Well that's your choice to believe so, but there are threads being created and a major publication took the issue up. Sure ESPN and WME-affiliated companies won't help spread the idea honestly, but I'm gonna continue living with the faint hope that if people who I was a fan of ever decided to risk their jobs and stand up against a pig boss, I'd at least lend them a modicum of support and some other decent folks might too.
I'm not saying every business in the world needs to have some government asset seizure, but that fat piggies and obvious exploitations can be rectified in obviously profitable businesses that deal in contracting a lot of people thru history enduring lots of pain and suffering for minimal compensation.

 

[Congo66]

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

And that's relevant how?
Just because you don't know how capitalism works you're hiding down a well and pretending to be clever?

 

[Hellowhosthat]

Well that's your choice to believe so, but there are threads being created and a major publication took the issue up. Sure ESPN and WME-affiliated companies won't help spread the idea honestly, but I'm gonna continue living with the faint hope that if people who I was a fan of ever decided to risk their jobs and stand up against a pig boss, I'd at least lend them a modicum of support and some other decent folks might too.

Don't get me wrong dude I'm all for fighters getting better pay, but I think the only realistic route to it is viable competition with similar financial power. Bellator, PFL etc can afford to make better offers to a few fighters but not enough to create a genuine scramble for talent.

 

[brackis1]

And that's relevant how?
Just because you don't know how capitalism works you're hiding down a well and pretending to be clever?

I'm confused now.
That cartoon mocks people who say stuff like "dId yOu CriTiciZe Apple from ur iFoNe?"

 

[Goodfella86]

They INVESTED. End of story. The fighters signed to fight for "peanuts," so there's no reason to redistribute any wealth. Dana tipping a waitress 10K is fine by me, and I'm poor.

 

[brackis1]

Don't get me wrong dude I'm all for fighters getting better pay, but I think the only realistic route to it is viable competition with similar financial power. Bellator, PFL etc can afford to make better offers to a few fighters but not enough to create a genuine scramble for talent.

That's a horrible route IMO and hurts in the long run; a sport like MMA needs a unified body for legitimate title recognition, not a bunch of orgs going bust and scaring off investment trying to fight over an imperfect pie.

 

[Congo66]

I'm confused now"

Well that was clear from your previous post.
Get back down the well so people don't realise that you're not clever.

 

[KBE6EKCTAH_CCP]

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.

The people revolt?? This is Murrca you are talking about. This country is by design an accomodation for the private sector. Nobody is going to revolt in the USA because they are poor. Never.

 

[Hellowhosthat]

That's a horrible route IMO and hurts in the long run; a sport like MMA needs a unified body for legitimate title recognition, not a bunch of orgs going bust and scaring off investment trying to fight over an imperfect pie.

I think you would need the UFC to collapse for that to happen, if you're thinking it should work like boxing, but even in boxing it usually just means the top guys take most of the money and the undercard dudes make peanuts.

 

[brackis1]

They INVESTED. End of story. The fighters signed to fight for "peanuts," so there's no reason to redistribute any wealth. Dana tipping a waitress 10K is fine by me, and I'm poor.

lol it's not "end of story" just cause some dude who like mob movies said so.
An investment doesn't gaurantee a special dividend payout like this.
In fact, you pointing to contracting makes exactly the opposite point: this dividend is like a discretionary performance of the night bonus. It is not owed. The underlying valuation of the company matters and is what an investor should care about, so that when they sell their stake, it's larger. This is an additional random payout. Probably because a lot of these minor-owners were brought in to shill for the co. and then hope to flip their shares onto sucker randoms on the public market when it IPO'ed. How you think this behavior is more deserving of a fat bonus than actually fighting is beyond my moral compass.

Quite simply: the leadership chose to dole out money to one set of people who signed a contract, but they aren't obligated to pay, vs. another set.
But hey, you seem pretty set of defending a football toss of millions between millionaires that would legitimately improve the lives of fighters and/or the quality of fighter.

 

[KBE6EKCTAH_CCP]

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

Not going to happen in the USA, where there is no "proletariat" to speak of, but instead a bunch of people convinced that excessive rights given to corporations is "freedom". Class warfare is non existent in the USA where it was replaced by minority warfare and identity politics. Again, the USA is at the service of corporations and that is never ever going to change.

 

[brackis1]

Not going to happen in the USA, where there is no "proletariat" to speak of, but instead a bunch of people convinced that excessive rights given to corporations is "freedom". Class warfare is non existent in the USA where it was replaced by minority warfare and identity politics. Again, the USA is at the service of corporations and that is never ever going to change.

It's very late/early here in the USA, but most here are convinced they're on the cusp or deserving of a massive fortune, thus better to keep things as-is and try to out-shark others.

 

[KBE6EKCTAH_CCP]

lol it's not "end of story" just cause some dude who like mob movies said so.
An investment doesn't gaurantee a special dividend payout like this.
In fact, you pointing to contracting makes exactly the opposite point: this dividend is like a discretionary performance of the night bonus. It is not owed. The underlying valuation of the company matters.

Quite simply: the leadership chose to dole out money to one set of people who signed a contract, but they aren't obligated to pay, vs. another set.
But hey, you seem pretty set of defending a football toss of millions between millionaires that would legitimately improve the lives of fighters and/or the quality of fighter.

WTF do you even know what a dividend is? Economically it has nothing to do with a bonus.

 

[brackis1]

WTF do you even know what a dividend is? Economically it has nothing to do with a bonus.

Funny, do you know what a dividend is?
It very much has to do with a bonus when it's a special dividend being decided upon by a board of directors of a private company.
You're conflating this with the main street retail investor's receipt of ordinary dividends that are quarterly returns offered by a company on a regular basis.
So yeah, I stand by my original point: this was a one-time choice by the company leadership on how to spend money generated and I disagree with who got it and why it would have been better for the company to give a shit about fighters.

 

[Goodfella86]

lol it's not "end of story" just cause some dude who like mob movies said so.
An investment doesn't gaurantee a special dividend payout like this.
In fact, you pointing to contracting makes exactly the opposite point: this dividend is like a discretionary performance of the night bonus. It is not owed. The underlying valuation of the company matters.

Quite simply: the leadership chose to dole out money to one set of people who signed a contract, but they aren't obligated to pay, vs. another set.
But hey, you seem pretty set of defending a football toss of millions between millionaires that would legitimately improve the lives of fighters and/or the quality of fighter.

Lol listen to yourself. You've been brainwashed. The lives of the fighters are being improved by the UFC. I love how the socialist kids always have a spin. Investors are people too. So are millionaires. Money doesn't grow on trees, child.

It's up to the UFC fighters to improve their lives. They're all given great opportunities. Even going 0-1 in the UFC can have you headlining smaller shows.

 

[RampageFaction]

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.

Those same dirt poor collecting public assistance, Medicare, and SSI, calling socialism evil....

 

[RampageFaction]

Cowboy is a simp.

And he lets the UFC flat out USE him. He hurts other fighters by allowing it. How can you negotiate for a bigger check for a short notice fight when greedy Dana can just say “Well cowboy will and has done this for X amount of money.” He claims he’s all about the union but he’s rubbing elbows with the boss. I wouldn’t be surprised if Dana used him to get info to subvert the last attempt at a union. The last company I worked for, we tried to unionize once and there was one fellow employee we knew not to tell. He had been there the longest and was buddies with the operations manager. Somehow he caught wind of it and the next day we’re all called in for an emergency meeting where the operations manager proceeds to quote word for word things we were doing with the ILWU. He starts saying all the things he would do and how terrible a union would be for us and you could just feel the whole thing dying on the spot.

 

[Kono dio da!]

And he lets the UFC flat out USE him. He hurts other fighters by allowing it. How can you negotiate for a bigger check for a short notice fight when greedy Dana can just say “Well cowboy will and has done this for X amount of money.” He claims he’s all about the union but he’s rubbing elbows with the boss. I wouldn’t be surprised if Dana used him to get info to subvert the last attempt at a union. The last company I worked for, we tried to unionize once and there was one fellow employee we knew not to tell. He had been there the longest and was buddies with the operations manager. Somehow he caught wind of it and the next day we’re all called in for an emergency meeting where the operations manager proceeds to quote word for word things we were doing with the ILWU. He starts saying all the things he would do and how terrible a union would be for us and you could just feel the whole thing dying on the spot.

Wow I never even thought of it that deeply. He really is a piece of shit. It's hilarious how Dana and them use him like a damn condom. It's one thing if you're not in it for the money but at least negotiate more high profile fights or something. Like you said how can gaethje demand anything if Dana white uses cowboy as precedent? Absolutely hate nate but once in a while he makes sense. He tore cowboy a new asshole back in 2017, I believe, for this. How can others make a living if this simp piece of shit keeps kicking the ladder down. It's like cockblocking. It's him and that motherfucker tj dillashaw.

 

[Aluminati]

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.

Need moar guillotines