The World Series of Fighting is being repackaged as the Professional Fighters League. The league will begin in January 2018 according to a press release sent out on Wednesday. The inaugural season will run for 10 months and will feature seven different weight classes. Similar to league play, fighters will compete in three regular season […]
financial
Alliance MMA sued by investor
An investor has filed a lawsuit against Alliance MMA for alleged violations of securities law and is seeking class action status. The Complaint was filed in the U.S. District Court of New Jersey on Monday. The lawsuit was filed just days after Alliance MMA issued an 8-K which reports to investors of specific events which […]
Alliance MMA CEO responds to lawsuit
A lawsuit filed against Alliance MMA by an investor in the company for violations of securities regulations law was filed on Monday. MMA Payout has obtained a response from the company’s CEO, Paul Danner. “The matter of the stock-based compensation matter has no impact on 2017 financial performance and no negative affect on our ability […]
S&P Global reaffirms UFC Holdings, LLC debt rating, outlook
S&P Global Ratings reaffirmed UFC Holding’s first lien “B+” rating after news of seeking $100 million in additional loans. Due to its high leverage, S&P rated UFC Holdings, LLC as having a negative outlook. For a definition of S&P’s ratings, look here. A “B” rating is characterized as, “more vulnerable to nonpayment than obligations rated […]
UFC looking for more loans
The UFC is seeking to raise $100 million in incremental loans to repay the previous owners (i.e. Frank and Lorenzo Fertitta and Flash Entertainment) in the case of a potential earnings-based payout according to a report from Reuters. The payouts of $175M and $75M are due in the event of EBITDA milestones. According to the […]