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  1. babo78 is offline

    Registered Member

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    Posted On:
    3/06/2008 9:20am


     Style: Yudo, Karate

    --
    Hell yeah! Hell no!

    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

    http://www.forbes.com/lists/2008/10/...itta_WFT4.html

    He is new billionaire joining the billionaire rank this year, he is owner of UFC/Casinos.
  2. The Question is offline
    The Question's Avatar

    Octopussy!

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    Posted On:
    3/06/2008 10:49am

    Join us... or die
     Style: Striking/Grappling/Poking

    --
    Hell yeah! Hell no!
    Capitalist maggot.

    Fat cats get fatter and the fighters get $3000. 'tis the way of the world.
    Quote Originally Posted by Goju - joe
    being a dick with skill is only marginally better than being a dick without skill.
  3. sambosteve is offline
    sambosteve's Avatar

    Stillness is death

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    Posted On:
    3/06/2008 10:57am

    Business Class Supporting Member
     NY Combat Sambo Style: combat sambo

    --
    Hell yeah! Hell no!
    pathetic. Pay the fighters some of that cash!!
  4. Lu Tze is offline

    BJJ might make you a better ground fighter, but Judo will make you a better dancer.

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    W. Yorks, UK
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    Posted On:
    3/06/2008 11:01am

    Join us... or die
     Style: Judo

    --
    Hell yeah! Hell no!
    If they want money they can just open a casino like he did, fucking ingrates!
  5. BOXMAN is offline
    BOXMAN's Avatar

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    Posted On:
    3/06/2008 11:04am


     Style: Shotokan, Krav Maga

    --
    Hell yeah! Hell no!
    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.
  6. BOXMAN is offline
    BOXMAN's Avatar

    Registered Member

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    Posted On:
    3/06/2008 11:15am


     Style: Shotokan, Krav Maga

    --
    Hell yeah! Hell no!
    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.
  7. sambosteve is offline
    sambosteve's Avatar

    Stillness is death

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    Posted On:
    3/06/2008 11:40am

    Business Class Supporting Member
     NY Combat Sambo Style: combat sambo

    --
    Hell yeah! Hell no!
    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.
  8. meataxe is offline
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    International Man of Pancakes

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    Posted On:
    3/06/2008 12:18pm


     Style: Wu style tcc+bjj

    --
    Hell yeah! Hell no!
    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.
    - Voltaire
  9. Phrost is offline
    Phrost's Avatar

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    Posted On:
    3/06/2008 12:57pm

    Business Class Supporting Memberstaff
     Guy Who Pays the Bills and Gets the Death Threats Style: MMA (Retired)

    --
    Hell yeah! Hell no!
    We're straying into Sociocide territory here a bit with the Marxist sentiments.

    Quote Originally Posted by sambosteve
    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.
    I'm not sure that Xyience is that involved with the finances of the UFC. I actually met one of their VPs a few years back when they were soliciting investors. Still have his card around here somewhere.

    Do you have any links to business articles on this?
  10. meataxe is offline
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    International Man of Pancakes

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    Posted On:
    3/06/2008 1:03pm


     Style: Wu style tcc+bjj

    --
    Hell yeah! Hell no!
    Quote Originally Posted by Phrost
    We're straying into Sociocide territory here a bit with the Marxist sentiments.
    Don't worry. I'll make you a general.
    Anyone who has the power to make you believe absurdities has the power to make you commit injustices.
    - Voltaire
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