Report: Lorenzo & Frank made $30m each from UFC on dividends (2015)

[FrankieNYC]

Dave Meltzers Weekly Newsletter:

Of the 2015 profit, $76,089,000 went to the shareholders as dividends or roughly $30,816,000 for both Lorenzo Fertitta and Frank Fertitta and $6,848,000 to Dana White. The prior year and dividends paid to the stockholders totaled $44,329,000, and that was for what seemed to be the worst year possible. Unlike WWE, which has historically kept tens of millions in cash on hand and rarely taken out loans, the UFC has been built on debt. On December 31, 2015, they had $19,347,000 cash and cash equivalents on hand, far less than WWE. The company also owns 50 percent of the UFC branded gyms. The company last year spent $57,460,000 in advertising costs. Of the total revenue, the company took in $79.2 million in revenue in Brazil, its leading international market.

----

He previously reported UFC made $157 million profit in 2015

 

[touchedbyjab]

I'm jelly.

 

[infamouz ice]

is this wall street journal, do you even bang bro?

 

[sirmorbach]

Every night is red panty night at the Fertitta's.

 

[RJ43]

I think it's time for me to make my offer to Zuffa for the UFC.

 

[FrankieNYC]

is this wall street journal, do you even bang bro?

Some MMA fans are not the stereotypical meatheads .......

 

[FrankieNYC]

I think it's time for me to make my offer to Zuffa for the UFC.

Don't tell Botter

 

[ironball]

 

[RJ43]

I rarely get involved in these discussions here because they devolve into shit show debates about Revenue vs Profit vs God knows what else.

But I will just add one small thing to consider. It is very common for owners of S Corps and LLCs to be issued dividends to cover their individual tax liabilities. So by nature, most of these entities do issue 30-50% of their profit to the shareholders to cover the tax burden.

I'm sure the Fertittas have some gangster ass accountants that reduce their tax liability but I doubt all of that dividend amount is paying for Snow in Vegas for these guys.

 

[RJ43]

Don't tell Botter

I gotta leak something to drive down that price. $4 Billion is a little out of my range!

 

[FrankieNYC]

I rarely get involved in these discussions here because they devolve into shit show debates about Revenue vs Profit vs God knows what else.

That is what the IGNORE feature is for man

Join in more ... its great to have others discuss business sides of things they enjoy

 

[FrankieNYC]

The company last year spent $57,460,000 in advertising costs.

That sounds like a decent amount. I wonder how much it compares to WWE & Bellator (the only two that might be slightly comparable)

 

[RJ43]

That is what the IGNORE feature is for man

Join in more ... its great to have others discuss business sides of things they enjoy

I usually just ignore the whole threads haha.

I'm certainly no expert and don't know shit about the fight promotion business, but I've been a CFO for companies in the 30M range and controller for companies in the 100M range and one thing that is almost universal is how much the average person misjudges how difficult it is to even manage a company of the size I have operated at, let alone one the size of Zuffa that got there in about 15 years time.

Do you know where Meltzer get's his info from? Curious how he got these figures.

 

[Irishwhiskey119]

That's not very much money for people running the business. I guess i understand why they want to sell.

 

[Rematch]

That sounds like a decent amount. I wonder how much it compares to WWE & Bellator (the only two that might be slightly comparable)

I wonder what their lobbying expenses are. Of course I'll be wondering in vain.

 

[FrankieNYC]

I wonder what their lobbying expenses are. Of course I'll be wondering in vain.

NYS alone cost MILLIONS!

 

[Rematch]

NYS alone cost MILLIONS!

No doubt. It took a lot of treasure to convince those crooks to betray their prince.

 

[DannyNL]

Righteous bucks

 

[FrankieNYC]

& @ThePeoplesMMA - YES

 

[AKA_Steve_B]

..and that's just the straight up stuff being reported on openly,... think how much cash goes thru the casino for laundering on the PPV nights right into 'the 3 amigos' pockets
= staggering