John Pollock of The Fight Network is reporting that EliteXC has cancelled its September 20th “Showdown at the Pit” in Albuquerque, New Mexico. The event was originally set to feature Joey Villasenor vs. Murilo Rua; though, rumours have circulated that Jake Shields, Wilson Reis, Cris “Cyborg” Santos, and Paul “Semtex” Daley would also be fighting […]
financial
Diversification: Miletich Looking Beyond MMA
Greg Norman may have choked yet again at the British Open last week, but there is no denying his success as one of the great sports “brands†of all time. With a net worth reportedly near about $400 million, and numerous successful ventures including a clothing line, his career is a blueprint for any professional […]
Flight To Quality Underscores Credit Rating Importance
Last Friday, Zuffa LLC. received word of a credit rating revision on its debt to stable from negative. The revision was good news for many reasons, chief among them that it signaled the end of a year-long financial slump that was pushing the organization’s debt further into “speculative-grade” territory. Zuffa’s current credit rating sits at […]
Zuffa’s Finances: Cash-Strong and Cocksure, but Consistent?
As a follow-up to Robert Joyner’s solid analysis of Standard & Poor’s latest credit rating report on Zuffa LLC., I have been tasked with piecing together an overall assessment of past and present reports in order to create a picture of Zuffa’s current and future financial position. Current Picture Perhaps the most common metric for […]
Donald Trump Makes His Move
When the Affliction clothing line announced its Affliction: Banned pay-per-view event, there was a great deal of skepticism. To be blunt, there is no way that the show will be able to make a profit. Fedor Emelianenko, Tim Sylvia, Josh Barnett and Andrei Arlovski have big money contracts, and the ceiling for non-UFC MMA pay-per-views […]