Sherdog Article: PFL has Fundraised 58 mil. In the last 2 years

Discussion in 'Worldwide MMA Discussion' started by MMALOPEZ, Jan 10, 2020.

  1. MMALOPEZ Steel Belt

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    By all indications, 2019 was a roller coaster of a year. Last February, the PFL signed a media rights distribution deal with ESPN, bringing the league to the same broadcast home as the Ultimate Fighting Championship. The company also managed to secure an additional $30 million in Series C fundraising, a $2 million increase from its Series B offering the previous year. 2019 also saw the orginization sign a few more notable names to their roster, including UFC veterans Sarah Kaufman and Jordan Johnson as well as featherweight standout Brendan Loughnane.
    Given the turmoil and the fact that the PFL seemingly relies on outside investment to fund its operations at the moment.
    https://m.sherdog.com/news/articles...-Note-Looks-to-Ride-Momentum-Into-2020-168605
     
  2. NoBiasJustMMA Steel Belt

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    Good to hear they raised plenty of money and will be around for at least the foreseeable future.
     
  3. skylolow Silver Belt

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    I can't see how anyone would invest in PFL, what is the end game of getting paid back????

    If your looking to take lost on your books I guess it would be a "good investment."
     
  4. lukeuidswords Black Belt

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    Venture capital execs are all drug addicts
     
  5. mime Black Belt

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    They know nothing about mma, someone prob told them it's the next ufc , look how much the ufc sold for, this will be billions too. Eventually they will bleed money, the investors will lose everything, the execs/people in the pfl will get paid, make out like bandits and some mid-tier fighters will get paid much more than they would in the ufc. Stupid rich people deserve to lose it, not just because they're stupid but because they are stupid and greedy.
     
  6. manboy<3 Pathetic hater,MEGA shill

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    that's more than what PRIDE sold for...LMAO
     
  7. trentkelp Banned Banned

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    Ali and Sefo already took half of that...............now what?
     
  8. SSgt Dickweed Silver Belt

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    The VC's are really just laundering money for some really shady people?
     
  9. Danespina Gold Belt

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    There's some interviews with PFL's recent investors, such as Mark Burnett (the producer of Shark Tank and Survivor). It sounds like the endgame is securing a deal with a streaming service.

    “This is a big sports opportunity,” Burnett told Variety. “The most valuable thing in media right now is content that can drive subscription opportunities.”

    They probably looked at Bellator's nine-figure distribution deal with Dazn and are trying to replicate that on a smaller scale.
     
    Last edited: Jan 11, 2020

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