UFC / New Owner

July 11, 2016

Ultimate Fighting Championship has a new owner. First reported by TMZ Sports that talent agency WME-IMG is partnering with owners Sliver Lake Partner, Kohlberg Kravis Roberts and MSD Capital, investment firm of Dell founder Michael Dell to take over the largest mixed martial arts company. UFC was founded in November 1993 by Art Davie, Campbell McLaren, John Milius, Rorion Gracie and Bob Meyrowitz. The first UFC event was held on November 12, 1993 in Denver, CO. Brothers Lorenzo and Frank Fertitta bought the organization in 2000 for $2 million. 16 years later they sell the company for a record breaking  $4 billion. Which is the most expensive transaction for an organization in sports history. As part of the new deal Lorenzo Fertitta will step down as CEO while he and his brother will retain a minority interest in the company. UFC president Dana White, who owns about nine percent  in the company will remain President and given a stake in new business. The Abu Dhabi government still owns 10 percent of the company. The UFC makes most of its money from pay-per-view broadcast, but has a cable deal with Fox that expires at the end 2018. A new deal will be worth at least  $200 million a year if the organization continues on an upward trajectory. Only time will tell how this new deal shapes the future of Ultimate Fighting Championship..

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