3/06/2008 9:20am, #1
- Join Date
- Sep 2005
- Brooklyn, NY
UFC owner is newly minted billionaire
I was checking out the new world's richest ppl rank at Forbes and guess who I found...one of owner of UFC (not Dana White, he only owns about 10% of Zuffa). It's one of the Fertitta brothers!
#897 Lorenzo Fertitta
He is new billionaire joining the billionaire rank this year, he is owner of UFC/Casinos.
3/06/2008 10:49am, #2
Fat cats get fatter and the fighters get $3000. 'tis the way of the world.Originally Posted by Goju - joe
3/06/2008 10:57am, #3
pathetic. Pay the fighters some of that cash!!
3/06/2008 11:01am, #4
- Join Date
- Dec 2005
- W. Yorks, UK
If they want money they can just open a casino like he did, fucking ingrates!
3/06/2008 11:04am, #5
Didnt he take a $40 million risk? So he's supposed to take that risk and give away the profit?
Fighters wear enough brand garbage ... sponsors should be paying them the big money.
3/06/2008 11:15am, #6
UFC doesnt give numbers but it's estimated to be worth north of $100 million so we do not know how much there is in profit, if any (Im sure there is) but they have to get their $40 mill back. The rest of his billions is casino money.
3/06/2008 11:40am, #7
Zuffa never cared about keeping their dollars seperate when they basically laundered money from zuffa to a third Fertitta owned company to xyience and back to zuffa again...just to make it seem like they had great sponsorship from xyience...and to try to keep xyience afloat...their big "sponsor".
He's made his 40 million back. In fact, zuffa took out a 340 million dollar loan last year. You don't get that without good capital. Time to give a little to the guys whose backs the $$$ was/is made on. Most of those fighters don't make jack in sponsorship (not much more than their measly purses anyway). In fact xyience, one of the big fighter "sponsors" defaulted on much of the $$ they owed fighters.
3/06/2008 12:18pm, #8
After the revolution, we will change it to be the "Ultimate Fighters Collective". Beltholders will hold the belt on behalf of the workers and not actually own it anymore. More weight classes and extra points for being oppressed.Anyone who has the power to make you believe absurdities has the power to make you commit injustices.
3/06/2008 12:57pm, #9
We're straying into Sociocide territory here a bit with the Marxist sentiments.
Originally Posted by sambosteve
Do you have any links to business articles on this?
3/06/2008 1:03pm, #10Originally Posted by PhrostAnyone who has the power to make you believe absurdities has the power to make you commit injustices.