Bloomberg reports that Goldman Sachs Group Inc. (Goldman Sachs) has been reprimanded by Federal Reserve regulators for the second time due to its debt deal to purchase the UFC for $4 billion. Regulators consider the loans as “substandard.” In addition to Goldman Sachs, Deutsche Bank AG, which was the lead underwriter for the junior portion […]
Zuffa Sale
UFC to implement corporate discipline in cutting costs
MMA Junkie reports on a document the site obtained regarding the acquisition of the UFC by WME-IMG. The information reveals cost-cutting on the part of the new owners. According to the document, the purchase price for the UFC was $3,775,000,000 with $200 million going to banker fees and other expenses. As outlined by a Moody’s […]
Show Money Episode 13 talks GSP contract, Zuffa purchase and WSOF woes
UFC one of the best brands in 2016
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 […]