According to a report published by Fortune Magazine, Plainfield Asset Management (PAM) is the subject of a FBI investigation concerning allegations of fraud: The Federal Bureau of Investigation is probing whether Plainfield Asset Management, a hedge fund that once had $5 billion in assets under management, committed fraud by overstating the value of some of […]
financial
Tapout Generated $200 Million in Revenues Last Year
Michael Lev-Ram of CNN Money writes that Tapout earned $200 million in annual revenues last year, which is 16 times greater than the company’s $12 million in revenue from 2006. Payout Perspective: I imagine some people will scoff at the $200 million annual revenue claim, but the figure seems probable (or at the very least […]
Fertitta’s Likely to Retain Station Casinos
Alexandra Berzon of the Wall Street Journal reports that Frank and Lorenzo Fertitta will likely retain control over Station Casinos in the aftermath of a year long bankruptcy proceeding. The founding family of Las Vegas casino owner and operator Station Casinos Inc. appeared poised to remain in control of the company as a bankruptcy judge […]
European Ultimate Fight Nights
ESPN UK recently sat down with the UFC’s Managing Director in the UK, Marshall Zelaznik, and discussed his plans for the start of a European “Fight Night” series. “We’re working towards bringing together a series of UK and European Fight Nights. My hope is that, come October, we’ll be able to put some real heat […]
FEG Announces Partnership with PUJI Capital
Daniel Herbertson of MMA Fighting is reporting that FEG has reached an agreement with Chinese investment bank PUJI Capital that plans for PUJI to raise nearly $230 million in funds for the beleaguered organization’s newest international expansion plans. Tanikawa stated that changes should start from 2011 and that Japanese events will continue with K-1 on Fuji TV […]