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Compare that with the 48% of revenue given to NFL players and you can see why fighters are pissed.
The UFC is nowhere near the size of the 'real' professional leagues.
That said (just go with me here,) and keep in mind, I'm an ex Wall St. guy which is one reason that I see it this way:
Growth (see 'start-up' as well) companies <The UFC is/was definitely that in the recent past> never pay large salaries to their founding 'employees;' so I understand the low pay.
What they do, is typically work out a profit sharing agreement (and I'm not talking about needing to be financially savvy to be included in said agreement) in various forms including directly distributed shares, stock options, or 401k contributions, etc... that end up paying off (and in many cases only becoming available) very well way down the road.
That's where I believe that the UFC is F'd up. I'm not sure when, but the point at which that could've began, was a long time ago.
And not all shares need to be voting shares; which precludes meaningful dilution (real owners of stock having less say.)