ESPN’s Brett Okamoto reports that there were “significant layoffs” at the UFC. The layoffs were expected per the tweet. MMA Fighting adds that multiple sources have indicated that 60-80 employees would be let go. The report indicates that the UFC had employed “approximately 350 people” prior to the work force reduction. The layoffs are not […]
UFC
UFC states GSP still under contract
WSJ article notes UFC sale as example of questionable buyout-loan strategy
The Wall Street Journal reports on the UFC sale and how the structure of the deal is being seen as too liberal with adjustments to earnings which enables more borrowing for transactions. The Federal Reserve had warned Goldman Sachs (Deutsche Bank AG is also a lender) the entity that marketed the debt to investors, of […]
GSP declares himself a free agent
Georges St.-Pierre is a free agent according to the former UFC welterweight titleholder in an interview on The MMA Hour. Rumors of GSP’s imminent return were strong but according to GSP his lawyer terminated his UFC contract after the UFC failed to offer him a fight. GSP’s last fight was in November 2013 at UFC […]
Nevada clarifies Conor’s fine
MMA Fighting reports that Nevada’s Athletic Commission’s executive director Bob Bennett has clarified the fine assessed to Conor McGregor from his bottle-throwing incident. He states that the fine is $75,000 and not the $150,000 as previously reported. Despite the fact that the $150,000 number was indicated at an open hearing of the commission, Bennett clarified […]