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WME invested billions in a 50% ebitda company, there is no way they're changing that unless the law demands it. I can't believe people still don't understand that by now...
The point is their revenue is still over a billion a year. They aren't making any real profits until their debt is paid off. It's the same thing with people working but paying off loans, there's no profit since everything is at a negative overall but they will eventually be able to pay everything off given a certain amount of time. With that kind of revenue a year and only a couple billion in debt, it's not going to take them long to clear that. It'll be faster than most companies that get loans with similar amounts of money.It would be really nice if everyone posting their opinion could at least decipher the difference between revenue and profit.
What?The point is their revenue is still over a billion a year. They aren't making any real profits until their debt is paid off. It's the same thing with people working but paying off loans, there's no profit since everything is at a negative overall but they will eventually be able to pay everything off given a certain amount of time. With that kind of revenue a year and only a couple billion in debt, it's not going to take them long to clear that. It'll be faster than most companies that get loans with similar amounts of money.
Imagine lebron making 500k a yearJesus only 17% of their revenue is going to the fighters?
Who did they pay? Uh, the fertittas walked away with billions when they sold. On top of the hundreds of millions they paid themselves while owners.
Fertitas and Dana got their first huge dividends within a few years of TUF. A lot of people don't realize that significant portions of the UFC's debt are from dividend payments over the years.
At what point would you call the UFC out of it's growth phase?
It would be really nice if everyone posting their opinion could at least decipher the difference between revenue and profit.
Read it again so you understand it. People know what revenue and profits is, and people know how much they asked for in a loan in the initial purchase. All major buy outs have backers and loans involved. This isn't something that just happened with this business deal. Even Elon Musk buy out of Twitter he has backers for the other half of the asking price. Even though he could afford it all himself. Major buys like this have multiple hands in the pot.What?
If you mean my calculations, they are correct. Another poster put up a screenshot of an inflation calculator and inflation is up 36% since 2005.
If you mean calculations of 26% in 17 yrs, another poster pointed out that they allegedly got 26% increase annually, although I can't say whether or not that's true.
It's not the pay per se. We understand why elite soccer, basketball players etc. make lots of money. Those sports are huge. It's about getting a fair share. Be it a fair share of $100 or $100-million.
To refer to something I know a little bit about. The minimum salary in the NHL is $850,000. There's nothing "right" about that number. It is based on revenue. The more the NHL makes, the more everybody involved in it make.
It's ultimately on the fighters. There are two things that should happen in my opinion. Unionize and put an end to undisclosed pay. Undisclosed pay is straight out of the mafia playbook. It's seedy.
I was referring to the conversation generally
I agree. Everything is bargained for in life. You don’t just get the girl you want or the money you want or the other things that you want because someone decides that it’s fair and gives it to you. NHL players get what they get because they bargain for it. Fighters bargain for their comp too, but they aren’t doing it with any method to the madness, so they’re coming out behind where many think they “should” be (whatever that means).
(Plenty of companies don’t make their salaries public knowledge FWIW, but I get that you’re comparing it to other sports organizations).
OK reread it and it still doesn't make sense. Debt is deducted from the valuation not the profits. Interest payments on that debt is what's deducted from earning and what's left is your profits. The UFC also isn't paying off their debt but are instead taking on more debt to give to Endeavor. But even with all that debt and the interest they have to pay on it they are still seeing profits around 370m or so.Read it again so you understand it. People know what revenue and profits is, and people know how much they asked for in a loan in the initial purchase. All major buy outs have backers and loans involved. This isn't something that just happened with this business deal. Even Elon Musk buy out of Twitter he has backers for the other half of the asking price. Even though he could afford it all himself. Major buys like this have multiple hands in the pot.
Fighters are too dumb to form a union.
Dana knows this, pushes that “lone wolf” mentality and the fighters play right into it.
Its a damn shame that Dana is worth almost a billion while most fighters grow old with health issues and retire with barely any money.
Very few UFC fighters are millionaires. Out of the whole roster there are way more guys who have to work a second job than there are millionaires.A lot of fighters make millions. If they end up broke it's their money management. The pay can be a lot better though for fighters. They need to eventually catch up to boxing pay.
Agreed. You get what you fight for in life. I think most fighters, with limited time on their hands, have the choice between "eat, train, sleep, repeat, chase your dreams" or fighting legal battles they will likely lose and being sidelined or diminished.It's not the pay per se. We understand why elite soccer, basketball players etc. make lots of money. Those sports are huge. It's about getting a fair share. Be it a fair share of $100 or $100-million.
To refer to something I know a little bit about. The minimum salary in the NHL is $850,000. There's nothing "right" about that number. It is based on revenue. The more the NHL makes, the more everybody involved in it make.
It's ultimately on the fighters. There are two things that should happen in my opinion. Unionize and put an end to undisclosed pay. Undisclosed pay is straight out of the mafia playbook. It's seedy.
WME invested billions in a 50% ebitda company, there is no way they're changing that unless the law demands it. I can't believe people still don't understand that by now...
The point is their revenue is still over a billion a year. They aren't making any real profits until their debt is paid off. It's the same thing with people working but paying off loans, there's no profit since everything is at a negative overall but they will eventually be able to pay everything off given a certain amount of time. With that kind of revenue a year and only a couple billion in debt, it's not going to take them long to clear that. It'll be faster than most companies that get loans with similar amounts of money.
Imagine lebron making 500k a year
Great job by Dana to keep wages down and grow profits. He should be making 30 million a year instead of 25. He's also kept fighters from having healthcare, long-term healthcare, profit sharing and pensions. He's very smart and the fighters aren't. Dana is the GOAT businessman of sports.The UFC’s revenues for the 1st Quarter of 2022 were over $1 billion in the Last Twelve Months (April 1st, 2021 through March 31, 2022).
* This is double digit growth from the previous year.
* Fighter pay had increased 26% since 2005.
- Lubin also disclosed that fighter pay had increased 26% CAGR since 2005. Since we also know what total fighter pay was in 2005 — $4.3 million — total fighter pay would have been around $178.8 million last year. That would be just 17.5% of their total revenue.
https://www.bloodyelbow.com/2022/6/...a-year-minimal-costs-and-more-growth-expected
Compare that with the 48% of revenue given to NFL players and you can see why fighters are pissed.