The Professional Fighters League announced an investment round of $65 million to fund international expansion, top talent acquisition, new product innovation, and global audience growth according to a company press release. “The 65 million institutional financing round was led by Ares Capital, Elysian Park Ventures, and Knighthead Capital,” stated the press release. The release includes […]
financial
UFC combines loans and saves money
The UFC successfully combined two of its loans with the help of Goldman Sachs and KKR Capital. According to SP Global, “Ultimate Fighting Championship, Ltd. Completed the repricing of its $2.453 billion term loan B due April 2026 that lowered the spread to L+300, with a 0.75% Libor floor, from L+325 with a 1% floor….” […]
2020 MPO Year in review – No. 9 The $300M dividend
Back in February, news broke that the UFC approved a $300 million dividend to pay out its early investors. Endeavor received half of the $300 million while celebrities investing in the companies received dividends. One of the investors was Kobe Bryant. Tragically, Bryant died in a helicopter crash late January. Others included Mark Wahlberg, Charlize […]
WWE reports first quarter 2020 earnings
WWE released its financial results for the first quarter of 2020 on Thursday. Despite layoffs of over 20 performers and employees, the company announced strong earnings with revenues increasing 60% to $291M from Q1 in 2019. But, notably, the earnings call included the news that there would not be a new WWE2K video game. When […]
Without new content, Endeavor and UFC debt ratings to take a hit
As UFC 249 and subsequent events were shut down by Disney, the company’s debt ratings may take a dip according to S&P Global Ratings. According to Forbes, Endeavor Operating Co., LLC and UFC Holdings, LLC were put on credit watch negative because of the impact of event cancellations during the coronavirus outbreak. The UFC planned […]