The UFC has cut more positions within the company as Ariel Helwani of MMA Fighting reports that many within the UFC Canada office including Tom Wright, the executive vice president and general manager for operations in Canada, Australia and New Zealand were dismissed this morning. 80% of the department in the UFC office in Toronto […]
UFC
GSP’s legal team maintains UFC breached contract
Georges St-Pierre’s legal team has maintained that the former welterweight champ’s contract with the UFC is over due to the company’s breach per an ESPN report. After GSP proclaimed that he was a “free agent” in an interview Monday on The MMA Hour, the UFC rebutted the statement with one of its own stating that […]
UFC cuts significant number of its own work force
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 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 […]