The Sports Business Daily reports that the Trump Administration is rolling out a national youth sports strategy initiative which includes the UFC as one of its backers. The National Fitness Foundation will oversee the initiative. The program will be funded by a legacy endowment with a goal of raising $100M to provide grants intended to […]
UFC
Endeavor announces plans to raise $712M in IPO per amended SEC filing
Endeavor Group Holdings, Inc., the parent company of Zuffa, announced on Monday that it plans to raise as much as $712.3 million. In an amended filing with the SEC, it indicated that it will sell shares of common stock at $30 to $32 per share. In addition to the 19.4 million shares of common stock […]
Gaethje leads bonus winners from UFC Fight Night Vancouver
UFC Fight Night 158 took place in Vancouver, British Columbia, Canada on Saturday night. In the main event, Justin Gaethje stopped Donald Cerrone in the very first round. Gaethje led the list of bonus winners. Tristan Connelly and Michael Pereira won fight of the night although Connelly received both bonuses after Pereira missed weight. Misha […]
Report: Zuffa obtains new loan, 2nd Quarter earnings over $700M
Reuters reports that Zuffa will be adding a $465M loan to its existing $1.875 billion loan as the company has benefited from its media rights deal with ESPN. Per Moody’s, revenues as of the second quarter of 2019 have the company clearing over $700 million. The boon for the UFC comes from its expanded media […]
Judge advises parties in UFC Antitrust lawsuit to file additional briefing to determine class certification issue
Judge Richard Boulware issued a Minute Order on Tuesday advising both parties that he would like additional briefing due this Thursday night. The brief appears to be the final arguments prior to his decision on class certification. According to the order, Judge Boulware is allowing the parties to file one supplemental brief of 15 pages […]