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UFC Sold for the Eye-Gouging $4 Billion. The Fertittas have sold

UFC Sold for the Eye-Gouging $4 Billion. The Fertittas have sold UFC for $4 billion in one of the biggest deals into the history of sport.

The Ultimate Fighting Championship, which Station Casinos’ Fertitta brothers took from the fringe company as soon as described by John McCain as ‘human cockfighting,’ up to a global activities empire, happens to be offered by the brothers for $4 billion.

The championships brand new owner is US talent agency WME-IMG, that has been supported within the deal by private equity groups Silver Lake and KKR, because well as your family investment workplace of Michael Dell, founder of Dell computers.

The Fertittas, who will retain minority that is passive in the organization, paid just $2 million for the brand and its assets in 2001, at a low point for the championships.

Being a Heavyweight

UFC was dogged by accusations of brutality and vilified by politicians at that time, maybe not least of that was senior U.S. Senator John McCain from Arizona, whom helped persuade 36 states to ban ‘no-holds-barred fighting’ and spend per view companies to remove it from their schedules.

It was banned in New York just before UFC 12 was due to start up, forcing organizers to find a venue that is new in Alabama. New York only lifted that ban earlier this 12 months.

But under the Fertittas’ stewardship, UFC gained a new degree of respectability as promoters worked with state athletics commissions to impose new rules that curbed a few of its previous excesses, Continue reading