UFC Sold for the Eye-Gouging $4 Billion. The Fertittas have offered UFC for $4 billion in one single of the largest deals into the past reputation for sport.
The Ultimate Fighting Championship, which Station Casinos’ Fertitta brothers took from the fringe organization once described by John McCain as ‘human cockfighting,’ to a sports that are global, was offered by the brothers for $4 billion.
The championships brand new owner is US talent agency WME-IMG, that has been backed in the deal by private equity groups Silver Lake and KKR, since well as your family investment office of Michael Dell, founder of Dell computers.
The Fertittas, who can retain minority that is passive in the company, paid simply $2 million for the brand name and its assets in 2001, at a low point for the championships.
Being a Heavyweight
UFC was dogged by accusations of brutality and vilified by politicians at the time, maybe not least of that has been senior U.S. Senator John McCain from Arizona, who assisted persuade 36 states to ban ‘no-holds-barred fighting’ and pay per view providers to take it off from their schedules.
But under the Fertittas’ stewardship, UFC gained a new degree of respectability as promoters worked with state athletics commissions to impose brand new rules that curbed some of its previous excesses, and Подробнее →