In April, the UFC sought to raise $100 million in incremental loans to complete its buyout of the previous owners. It appears that the UFC received those loans as the Fertittas cashed out the remaining shares they had left in the company in August. KKR Capital was leading the effort in obtaining the loans for […]
financial
WWE announces Q2 2017 financial results
The WWE beat profit forecasts as it announced its Q2 (ending June 30, 2017) 2017 results on Thursday. It announced that revenue increased to a record $214.6 million. The WWE Network average more than 1.63 million average paid subscribers over the second quarter. WWE stock was up slightly in after hours trading to $21.94. The […]
Second securities lawsuit filed against Alliance MMA
A second securities lawsuit has been filed against Alliance MMA for claims that it misled investors. The new lawsuit filed May 3rd is in the United States District Court for the Southern District of New York and seeks class action status. The lawsuit arises out of an amendment made by the company which trades on […]
Fertittas establish private equity firm
The Wall Street Journal reports that former UFC owners Lorenzo and Frank Fertitta have started a $500 million private equity fund, Fertitta Capital. The company aims to target consumer-facing companies in tech, media and entertainment. The Fertittas sold the UFC for near $4 Billion this past July and with its newfound liquidity it decided to […]
Alliance MMA retains law firm to defend itself against investor lawsuit
Alliance MMA has announced that it has retained the law firm of King & Spalding to defend the company against a lawsuit filed against it on Monday. The announcement was made via company press release. Via Alliance MMA press release: NEW YORK, NY – April 21, 2017 – Alliance MMA, Inc. (“Alliance MMA” or the […]