Conor McGregor has sold his majority share of Proper 12 Whiskey in a deal worth up to $600 million per the Shanken News Daily. McGregor, his agent Audie Attar and partner Ken Austin sold their stake in the spirit brand to Proximo Spirits, a company that owns Jose Cuervo. According to the outgoing founders, the […]
financial
Endeavor files full prospectus with SEC as it seeks to raise $511M
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 […]
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 […]