WWE set a 52 week record for stock price as it announced its end of year earnings for 2016 this past Thursday. According to its earnings call, WWE Network subscribers grew 14% to 1.41 million paid subscribers. Revenue increased 11% to a company record $729.2 million. Per a company press release, “[T]he Company reported Net […]
financial
WSJ article notes UFC sale as example of questionable buyout-loan strategy
The Wall Street Journal reports on the UFC sale and how the structure of the deal is being seen as too liberal with adjustments to earnings which enables more borrowing for transactions. The Federal Reserve had warned Goldman Sachs (Deutsche Bank AG is also a lender) the entity that marketed the debt to investors, of […]
Report: Fed cautioned Goldman Sachs about UFC deal
Bloomberg.com reports that the Federal Reserve bank cautioned Goldman Sachs Group, Inc. over debt risks in a deal it arranged to fund the $4 billion purchase of the UFC. Goldman Sachs was hired to market the debt to purchase the UFC this past July. Regulators have criticized deals that push a company’s debt load to […]
Alliance MMA goes live on the NASDAQ
CNN Money reports that Alliance MMA, a self-described “premier developmental league for aspiring mixed martial arts fighters” is now a publicly traded company on the NASDAQ. It went live on the NASDAQ on Thursday. The company’s investor page is sparse with financials but it indicates that it wants to develop the next generation of UFC […]
McGregor makes Forbes’ annual “World’s Highest-Paid Athletes”
Forbes released its annual report on the World’s Highest-Paid Athletes from June 2015 to June 2016. Conor McGregor is the first UFC fighter to make the top 100 list. McGregor landed at number 85 on the list earning a total of $22 million. His salary is reported at $q8 million while he made another $4 […]