Dave Meltzer of the Wrestling Observer Observer reported in last week’s edition that Zuffa is planning to hold a seminar for all of its contracted fighters sometime in November: The company is going to be bringing all the fighters under contract in (about 250 in all) for a series of seminars in November. The seminars are […]
Zuffa
S&P Report on Zuffa – Analysis
Today, Standard & Poor’s released its latest credit report on Zuffa LLC that documented the corporation’s latest financing initiatives. Below is a summary of the report’s action: Zuffa requested an additional $100 million in incremental term loans to help pay off part of the existing revolving credit line and fund a dividend to the owners […]
Highlights from the Latest S&P Report on Zuffa
In depth analysis to follow, but the highlights from the latest report: COMPANY REMAINS EVENT DRIVEN – Revenue breakdown remains at 75/25 event (pay-per-view, gate) to non-event (television rights fees, sponsorships, etc), but the successful launch of the video game as well as recent improvement in the sponsorship portfolio has the potential to improve that […]
Zuffa Announces New $100M Term Loan
Las Vegas-based mixed martial arts sporting event promoter and producer Zuffa LLC announced a proposed $100 million incremental term loan due 2015. We are assigning our ‘BB-‘ issue rating and ‘4’ recovery rating to this loan, and revising our recovery rating on Zuffa’s existing credit facilities to ‘4’ from ‘3’. We are affirming the ‘BB-‘ […]
UFC Lobbying for Criminal Code Changes at Federal Level in Canada
The Canadian Press have divulged an interesting piece of news today, relaying that the UFC has hired former Ontario premier David Peterson to help lobby the Canadian government to amend Section 83 of the Canadian Criminal Code to include mixed martial arts as an acceptable, legal form of prizefighting. The UFC has turned to some […]