Guest columnist David Nelmark (attorney and author of MixedMartialArtsLawBlog.com) offers his thoughts on the UFC® Exclusive Promotional and Ancillary Rights Agreement as it pertains to intellectual property rights. If you spend much time with MMA fighters, sooner or later you will hear one say that he’d sell his soul for a chance to compete in […]
Zuffa
Did Zuffa Turn Down a $1.2B Offer in ’08?
According to the UFC, 473 million TV households in more than 60 countries now have access to its programming; that kind of reach was enough to get White and his partners a $1.2 billion offer to sell the UFC about a year ago, which they ultimately turned down, according to White. – from Time.com SEE: […]
More Trouble for Station Casinos
Reuters reports that holders of Station Casinos’ bonds have rejected a proposed debt restructuring: Station Casinos Inc, which is fending off bankruptcy, said on Wednesday it has a received a letter from a lawyer representing its bondholders saying they view terms in a proposed debt exchange as inadequate. The statement leaves the casino operator in […]
S&P Places Station Casinos on CreditWatch List
NEW YORK Oct. 20, 2008–Standard & Poor’s Ratings Services today placed its ratings, including its ‘B-‘ corporate credit rating, on Las Vegas-based Station Casinos Inc. on CreditWatch with negative implications. “The CreditWatch listing reflects our concerns around the company’s progress toward amending its bank covenants,” explained Standard & Poor’s credit analyst Ben Bubeck. On Sept. […]
Fertittas Among 25 Highest Paid Men
Executive compensation has become a hot button issue during the recent economic crisis. A list compiled by Fortune magazine of the 25 Highest Paid Men features, perhaps surprisingly, two names familiar to the MMA industry. Frank and Lorenzo Fertitta, owners of Zuffa, parent company of the UFC, ranked third and fourth respectively on the list. […]