John Morgan of MMAJunkie has an interesting article that discusses the long road to hoe that Michigan and its regional promoters have experienced over the last three years. Joe Donofrio, running “Malice at the Palace” this weekend explains even with regulation, it’ll be tough to make a profit in the current environment because of certain […]
financial
UFC Can’t Afford 200 Millionaires
White and Fertitta on CNBC
First on CNBC sat down with Dana White and Lorenzo Fertitta to talk about the latest financial news concerning Zuffa: the sale of 10% of the company to Abu Dhabi-based Flash Entertainment. Payout Perspective: The 10% share in Zuffa wasn’t directly sold, but rather the existing positions of the Fertitta brothers and White were diluted […]
Lorenzo Fertitta Confirms Zuffa Stake Sold
In an interview with the Canadian Press, Lorenzo Fertitta confirms that he, his brother Frank, and Dana White have sold a 10% stake in Zuffa to Flash Entertainment, a subsidiary of the Abu Dhabi government. LAS VEGAS — An Abu Dhabi-owned entertainment promotion company has bought a 10 per cent stake in the Ultimate Fighting […]
Xyience Bankruptcy Update
John Edwards of the Last Vegas Review-Journal gives an update on the financial health of Fertitta-owned and well-known UFC energy drink partner Xyience. In a lawsuit filed in bankruptcy court Tuesday, Xyience liquidating trustee David Herzog of Chicago accuses Fertitta Enterprises, whose family members own the Ultimate Fighting Championship and have a minority ownership in […]