On Tuesday, Endeavor filed its full prospects with the Securities and Exchange Commission. The company has valued WME and the UFC at about $10 billion. It intends to raise about $511 million with its IPO with anticipated shares going between $23-24 per share. In addition to the public shares, it is doing a private offering […]
financial
BKFC announces Pension Plan for fighters
Late last week, Bare Knuckle Fighting Championship announced a Pension Plan for fighters competing in BKFC. Plans for the pension plan will commence on April 30, 2021. “We want to ensure that they are compensated not only on the night of the fight but also looked after in retirement,” explained BKFC President Dave Feldman in […]
Report: Emmanuel mulling over UFC purchase prior to Endeavor IPO
UFC-DraftKings broker 5-year deal estimated at $350M annually
Sports Business Journal reports that the UFC has signed a 5-year deal with Draft Kings for $350 million per year although broken down there is $100M in cash for the rights fee and another $250 million in media/marketing obligations. The deal makes the Boston-based company the exclusive sportsbook and DFS sponsor in the U.S. and […]
ONE Championship contemplates U.S. SPAC
Bloomberg reports that One Championship is working with Goldman Sachs and Credit Suisse in seeking a listing in the U.S. via a special purpose acquisition company (SPAC). One Championship, which is based in Singapore, has wanted to make inroads into the U.S. for some time now. It has aired telecasts on TNT although with no […]