Dayum!
UFC sells for $4 billion to WME-IMG group, Dana White remains president
After two months of speculation, UFC's owners have sold away the company for a massive sum
According to CBS Las Vegas affiliate KLAS-TV and the New York Times, which previously reported the sale, an announcement is expected as early as Monday.
The primary owners of UFC, Lorenzo and Frank Fertitta, held an 80 percent stake under their parent company, Zuffa. White, who owned nine percent of UFC, ran the day-to-day operations of Zuffa and served as UFC's president and CEO, roles he said he will keep following the sale. The Fertittas and White will each retain small minority ownership percentages following the sale.
The $4 billion sum to be paid for UFC is is expected to be the largest in sports history. It marks a nearly 2,000 percent return for Zuffa, which bought UFC for $2 million in 2001
http://www.cbssports.com/mma/news/r...lion-to-wme-img-dana-white-remains-president/
UFC sells for $4 billion to WME-IMG group, Dana White remains president
After two months of speculation, UFC's owners have sold away the company for a massive sum
According to CBS Las Vegas affiliate KLAS-TV and the New York Times, which previously reported the sale, an announcement is expected as early as Monday.
The primary owners of UFC, Lorenzo and Frank Fertitta, held an 80 percent stake under their parent company, Zuffa. White, who owned nine percent of UFC, ran the day-to-day operations of Zuffa and served as UFC's president and CEO, roles he said he will keep following the sale. The Fertittas and White will each retain small minority ownership percentages following the sale.
The $4 billion sum to be paid for UFC is is expected to be the largest in sports history. It marks a nearly 2,000 percent return for Zuffa, which bought UFC for $2 million in 2001
http://www.cbssports.com/mma/news/r...lion-to-wme-img-dana-white-remains-president/