This fall Standard & Poor’s downgraded Zuffa’s credit rating and then its business outlook over a month later. The downgrade in credit rating from “BB” to “BB–” was due to “greater EBITDA volatility.” S&P issues credit ratings for the debt of public and private companies and is one of several credit agencies that is designated […]
Zuffa retains Boies Schiller & Flexner
The UFC issued a statement in which it announced that it has retained the law firm of Boies, Schiller & Flexner to defend it against plaintiffs seeking class action status alleging Zuffa of violating antitrust laws. Per the UFC web site: We have built a popular business from modest beginnings by meeting the needs of […]
Jones reveals truth about losing Nike sponsorship
MMA Fighting reports that Jon Jones did not lose his Nike sponsorship due to his media day brawl with Daniel Cormier. But while under oath with the Nevada Athletic Commission in September, he told the commission that he lost it due the brawl. The public revelation of this came out during a media call on […]
14 for 14: No. 5 CM Punk signs with the UFC
It’s rare that a hyped-up announcement lives up to expectations. But, the signing of Phil Brooks (aka CM Punk) did when he came on during the UFC 181 PPV to announce his intent to fight in the UFC. Punk’s announcement left many UFC fans wondering about the direction of the UFC. Some like the signing […]
14 for 14: No. 6 Rebney replaced by Coker
Bjorn Rebney was relieved of his duties as the head of Bellator in June of this year. He was replaced by former Strikeforce head Scott Coker. In addition, Bellator president and COO Tim Danaher was let go by Viacom. According to MMA Fighting, the replacement of Rebney was dependent on waiting out Coker’s Zuffa’s non-compete […]