The Wall Street Journal reported late last month that the UFC was paying off its junior loan utilizing a senior one in order to reduce its overall debt load. The move comes on the heels of an exclusive PPV deal with ESPN and the lack of concern that the Federal Reserve will raise interest rates. […]
financial
MPO year in review – UFC takes out loan, cashes out Fertittas
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 […]
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 […]