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 […]
financial
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 […]
PFL receives $65M investment
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 […]
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 […]