TKO Group Holdings, Inc. announced that it has entered into a stock repurchase agreement for $800 million of its outstanding Class A common stock. The company will pay $800M to Morgan Stanley and expects delivery of 3.16M shares. TKO also announced under a 10b5-1 trading plan to repurchase up to $174M outstanding class A shares. […]
UFC
Former AEW talent appeal court decision to dismiss case
Former AEW wrestling announcer Kevin Foote (aka Kevin Kelly) and the Tate Brothers (aka The Boys) have filed an appeal to the 11th Circuit Court of Appeals on their lawsuit which was dismissed this past June. From MPO post last year: Kevin Foote (known as Kevin Kelly) was a television commentator for Ring of Honor […]
White announces two $100K bonuses for undercard fighters
As incentive to deliver an undercard worth watching, Dana White announced earlier this week that he would award $100,000 bonuses for the Performance of the Night and Fight of the Night. Although it was not made clear at the announcement on Friday, it appears that the $100K would be from Turki Alalshikh and not necessarily […]
Shapiro talks UFC media rights at Goldman Sachs Conference
TKO head Mark Shaprio spoke at a Goldman Sachs conference on Wednesday discussing the success of the TKO properties. Shapiro gave a post-transaction report on how Paramount+ and CBS earned the rights for UFC. Shapiro indicated that ESPN was “always in the mix” but when it became clear that the company would double its rights […]
TKO doubles dividend for investors
Sportico reports that the parent company for the UFC and WWE, TKO, will double its dividend to Class A shareholders. The increase means the next quarterly payment will be $0.76 a share. The dividend will return $150 million in capital to shareholders according to TKO. The news comes after the UFC signed a $1.1 billion […]