Connect with us

Announcement

The UFC in serious negotiations to sell the promotion

Brice Schroeder

Published

on

The Fertitta brothers may be looking to cash out of the MMA business sooner rather than later.

According to an ESPN report, the owners of the UFC are in advanced negotiations with at least four major bidders vying to purchase the company.  ESPN’s sources claim WME/IMG, China Media Capital, The Blackstone Group, as well as Dalian Wanda Group are the major contenders for the world’s premier MMA promotion.  The bidding is expected to reach, or possibly surpass $4 billion.  The rumored favorite to win the bid is the Chinese-based company Dalian Wanda Group, who is chaired by Wang Jianlin, the richest man in China.  Dalian Wanda has recently broken into other sports, most notably purchasing a 20% stake in Atletico Madrid for a cool $48 million.

The Fertitta family purchased the UFC in 2001 for a paltry $2 million. The UFC is a private company, therefore does not release its finances, however Lorenzo Fertitta was quoted by CNN as saying the fight promotion grossed around $600 million in revenue last year.

The UFC’s vice president of public relations, Dave Sholler, said the following when asked to comment on the recent rumors swirling around the UFC being placed on the market;

“As a private company, we don’t discuss speculation or rumors related to our business.”

The UFC seems to be in a midst of a money making renaissance as of late.  Powered by crossover super stars Ronda Rousey, as well as Conor McGregor, business appears to be booming as MMA continues to grow more and more as a culturally significant sport.  If the current ownership decides to go through with selling the UFC, they will no doubt be able to look back on their time in the MMA sphere as a complete and utter financial success.

The UFC is owned by Lorenzo and Frank Fertitta who each possess 40% of the company.  Long reining president of the UFC Dana White owns 10% himself while the final 10% is owned by Flash Entertainment, who bought in to the company back in 2010.

For up to date MMA news, live event coverage, and more, follow @mmalatestnws on Twitter

Onnit Primal Bells

Announcement

Watch: Bellator 185 Prelims

Published

on

Gegard Mousasi takes on Alexander Slemenko live this Friday night October 20th at the Mohegan Sun Arena in Uncasville CT. This is the first appearance for Mousasi in the Bellator cage as he looks to secure a title shot with a win over the very tough former Bellator champion Slemenko. Joining these men of the main card will be a pair of welterweights as Neiman Gracie from the famous Gracie BJJ family takes on Zak Bucia in the co-main event.

Complete Bellator 185: Mousasi vs. Shlemenko Fight Card:

Middleweight Main Event: Gegard Mousasi (42-6-2) vs. Alexander Shlemenko (56-9, 1 NC)

Welterweight Feature Bout: Neiman Gracie (6-0) vs. Zak Bucia (18-8)

Women’s Flyweight Feature Bout: Heather Hardy (1-0) vs. Kristina Williams (Debut)

Lightweight Feature Bout: Ryan Quinn (13-7) vs. Marcus Surin (4-0)

Women’s Flyweight Feature Bout: Ana Julaton (2-2) vs. Lisa Blaine (1-0)

Preliminary Card:

Catchweight Preliminary Bout: Jordan Young (6-0) vs. Alec Hooben (5-3)

Middleweight Preliminary Bout: Costello van Steenis (8-1) vs. Steve Skrzat (8-9)

Welterweight Preliminary Bout: Vinicius de Jesus (5-1) vs. Joaquin Buckley (7-1)

Lightweight Preliminary Bout: John Beneduce (2-1) vs. Dean Hancock (2-1)

Featherweight Preliminary Bout: Timothy Wheeler (1-4) vs. Pete Rogers (2-4)

150 lb. Catchweight Preliminary Bout: Don Shainis (3-1) vs. Matthew Denning (5-6)

150 lb. Catchweight Preliminary Bout: Frank Sforza (6-0) vs. Vovka Clay (3-2)

Lightweight Preliminary Bout: Kevin Carrier (Pro Debut) vs. Jose Antonio Perez (Pro Debut)

Flyweight Preliminary Bout: John Lopez

Onnit Primal Bells
Continue Reading

Announcement

Ovince Saint Preux Steps in to Face Corey Anderson at UFC 217

Published

on

UFC 217 just got even more interesting. Earlier this week, Patrick Cummins pulled out of his light heavyweight matchup with Corey Anderson due to a Staph infection. Corey “Overtime” Anderson was not happy with his opponents decision, even calling out his opponent on Instagram asking how Cummins could, “call it quits so far from fight night”.

The UFC left Anderson on the card, and he found an opponent through the magic of Twitter. Ovince Saint Preux tweeted out directly to Anderson stating:

It didn’t take long for Anderson to respond agreeing to the fight, tagging Mick Maynard and Dana White in his response.

Only a few short hours later, the fight announcement came from the official UFC twitter account.

 

This top 10 Light Heavyweight matchup should add to an already amazing card coming in November at Madison Square Garden. Saint Preux is coming off of back to back wins both due to the very rare von flue choke, he finds himself ranked #7th in the latest edition of the 205-pound rankings. Corey “Overtime” Anderson is 4-2 in his last 6 fights, but is coming off a brutal first round knockout loss to Jimi Manuwa in March.

With such a exciting fight added to this card, what do you see happening November 4th?  Will Corey Anderson bounce back and look to jump into the top 5 of the rankings, or will Ovince Saint Preux go for a third straight von flue choke? Let us know.

Onnit Primal Bells
Continue Reading

Announcement

*Watch* Bellator 185 Weigh in: Live Stream, Results

Published

on

Watch the live weigh-ins for Bellator 185 here.

Gegard Mousasi takes on Alexander Slemenko live this Friday night October 20th at the Mohegan Sun Arena in Uncasville CT. This is the first appearance for Mousasi in the Bellator cage as he looks to secure a title shot with a win over the very tough former Bellator champion Slemenko. Joining these men of the main card will be a pair of welterweights as Neiman Gracie from the famous Gracie BJJ family takes on Zak Bucia in the co-main event.

Full Weigh-in Results: (Updated in real time)

Main Card:

Gegard Mousasi (185) vs. Alexander Shlemenko (186)
Neiman Gracie (170.5) vs. Zak Bucia (170)
Heather Hardy (126) vs. Kristina Williams (126)
Ryan Quinn (155.5) vs. Marcus Surin (155)
Ana Julaton (125.5) vs. Lisa Blaine (122)

Preliminary Card:

Jordan Young (200) vs. Alec Hooben (194)
Costello van Steenis (185) vs. Steve Skrzat (186)
Vinicius de Jesus (170) vs. Joaquin Buckley (171)
John Beneduce (154.5) vs. Dean Hancock (155)
Timothy Wheeler (144) vs. Pete Rogers (144)
Don Shainis (150) vs. Matthew Denning (149)
Frank Sforza (149) vs. Vovka Clay (150)
Kevin Carrier (156) vs. Jose Antonio Perez (153)
John Lopez (126) vs. Billy Giovanella (125)

Onnit Primal Bells
Continue Reading

Trending