The UFC had its best 9 months in the company’s history this past year according to Endeavor’s Third Quarter 2021 Results on Monday. The UFC had record-breaking revenue and adjusted EBITDA. The parent company of Zuffa, Endeavor outperformed Wall Street forecasts announcing $1.39B in revenue with a net of $63.6 million. The company also “raised […]
financial
Report: Endeavor staffers upset with IPO payout by Emmanuel
According to a report by the New York Post, Endeavor employees are upset with the payout received by Ari Emmanuel. As a result of the UFC’s big quarter, Emmanuel benefited from the payout. The story indicates that stock options issued to Endeavor employees were diluted to a point where they held no present value. Endeavor […]
ATT gets into NIL space
American Top Team will be offering Name, Image, Likeness contracts to every University of Miami scholarship football player according to the Sports Business Journal and Gary Ferman of Canesport.com. At the beginning of the month, college student athletes were allowed to solicit their Name, Image and Likeness for monetary compensation. Previously, this was forbidden by […]
McGregor sells majority stake of Proper 12 Whiskey
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 […]
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 […]