Sports UFC Sells for $4 Billion, Largest Single Deal in Sports History

Discussion in 'The Howard Stern Show' started by fland, Jul 11, 2016.

  1. fland

    fland Well-Known Member

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    UFC to be sold to talent giant WME-IMG for around $4 billion
    12:13 AM CT
    • ESPN.com news services
    Zuffa LLC, owners of UFC, will sell the promotion to a group led by talent giant WME-IMG for around $4 billion.

    Announcement of the sale could come as early as Monday, according to the New York Times.

    Dana White, UFC president, told ESPN's Brett Okamoto that his responsibilities within the promotion won't change.

    "President, owner, working my ass off," White said. "Just doing it without my best friend and partners for 20 years."

    White classified the sale as "very" bittersweet, but assured fans they shouldn't worry about the change in ownership.

    "Exact opposite," White said. "Sport is going to the next level."

    Lorenzo Fertitta, who with his brother Frank owned more than 80 percent of the business at last public acknowledgment, told CNN in December that the private company grossed about $600 million in revenue last year. Besides the Fertittas, who are each worth about $1.6 billion, according to Forbes, the company has two other minority investors: White and the Abu Dhabi government, which, under its Flash Entertainment arm, bought a 10 percent stake in the business for an undisclosed sum in 2010.

    At least four bidders are believed to have submitted bids for the organization, including WME/IMG, China Media Capital, The Blackstone Group and Dalian Wanda Group. The winning bid was expected to be for a valuation between $3.5 billion and $4 billion, multiple sources with knowledge of the negotiations told ESPN.com in May.

    In May, sources with knowledge of the potential sale told ESPN that the bid book, prepared by boutique investment bank The Raine Group on behalf of Zuffa LLC, was sent to prospective bidders in late March.

    The Raine Group has advised the UFC in the past, and it also has relationships with two of the bidders. WME/IMG was a founding investor in the investment bank.

    http://espn.go.com/mma/story/_/id/16970360/ufc-sell-4-billion-wme-img
     
  2. Head Censor

    Head Censor Turgid Member VIP

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    At least they didn't sell it to the Chinese.
     
  3. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    They have already over saturated the market. I don't think there is a "next level" to go to.
     
  4. Winst

    Winst Well-Known Member VIP

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    There is always the potential for an increased fan base size etc.....more eyes watching and more people following/caring....more/greater mainstreaming etc.

    ...and the UFC's real growth to come is overseas....so their worldwide/international growth is really just getting underway in some
    of the really huge international markets.
     
  5. johnfreeman1

    johnfreeman1 Well-Known Member

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    A single NBA team sold for $2 billion

    (Clippers)
     
  6. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    Yeah, the China TV is there big chip. They aint making money on PPV in China though. Look at the failure of Shane McMahon's streaming service in China. They are the piracy capital of the world.
     
  7. beetlejosh

    beetlejosh I got a head that's large Gold

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  8. Shivvy

    Shivvy 100k Post Club

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    Should've bought wwe stock :down:
     
    GLguygardner and wife is a whore like this.
  9. DuckDong

    DuckDong VIP Extreme Gold

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    Bill Gates once said something to the effect that China is the biggest Windows market in the world and they bought 12 copies
     
  10. broccoli rob

    broccoli rob thanks for the memories DW3

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    So Dana White has been a minority shareholder of the UFC parading around like the boss all these years? o_O


    I am going to go down to Apple headquarters with my 800 shares and demand I speak with Tim Cook about this immediately!
     
    Head Censor and jaw_belize like this.
  11. Santori

    Santori Piece of Shit Gold

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    I hope this means Tank Abbott is coming back.
     
    Summer, Big Bad Booey, KDK12 and 5 others like this.
  12. FSFN

    FSFN Well-Known Member

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    Econ 101

    Buy low, sell high.
     
  13. Tickle Shits

    Tickle Shits Special Needs Typist. Gold

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    Perfect timing to dump that pig.
     
    DrSublux likes this.
  14. guruhugz

    guruhugz Well-Known Member

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    It is not worth 4 billion. It is worth 2 billion at the very most.
     
  15. BostonNick

    BostonNick Well-Known Member

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    I'm sure CM Punk is thrilled...
     
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  16. Time Bandit

    Time Bandit Well-Known Member

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    I use to get all worked up for fight night..now it's friday night fights, thursday night fights, ultimate fights..and the woman's division, oy vey it's a like a revolving door, tag your it with the belt everybody gets a turn, instead of a trophy you get the belt.
     
    wife is a whore likes this.
  17. Time Bandit

    Time Bandit Well-Known Member

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    funny.. hasbeen shouldn't be a disparaging description..it took a lot to get to the top of the heap and being disliked can't make that any easier.
     
  18. DrSublux

    DrSublux Who am dis VIP

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    Like NASCAR about 5 years ago. No one gives a shit about it anymore. Too many Races+Too many PPV=Not a fuck is given
     
  19. Bobby Axelrod

    Bobby Axelrod Well-Known Member

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    He is the President. He has been the boss since the beginning and if the new ownership is smart they will keep him in place as the boss.
     
    wife is a whore and broccoli rob like this.
  20. bootyclause

    bootyclause Well-Known Member

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    the worst thing about mma from the beginning was the message board fans who always rooted for UFC to fail. Like in 2008 people were like "this fad is dying, now I can go back to being a hipster". There's some people like that in this thread.

    There's been like 4 or 5 times the detractors said UFC was dying out in the last 20 years and every time it keeps reaching new heights.