Did Dana White sell UFC? How much did Dana White sell the UFC for?
How much did Dana White sell the UFC for? Has Dana White sold UFC? Dana White is the key figure in UFC history, but did Dana White sell UFC? Here is everything you need to know about if Dana White did sell UFC, and how much did Dana White sell the UFC for? Watch & Bet on Sports =>
Dana White’s life was about to take a drastic turn when she worked as a bouncer in Boston’s “The Black Rose” pub before becoming friends with Lorenzo Fertitta while working as a bellman at the Boston Harbor Hotel. After the Fertitta brothers bought the business in 2001, White was named president and led it through difficult times when the company was beset by millions of dollars in losses. The sport was not made any easier for Dana White and company by former Governor George E. Pataki of New York, who outlawed it from the state, or by then-Senator John McCain of Arizona, who called it “human cockfighting.”
The brand required an overhaul. The Fertitta brothers were serious about their business, as evidenced by their outrageous advertising, good social media marketing, and improved distribution that gained them the trust of their partners. It was one thing to launch the firm, but it was quite another to change the culture so that the brand is valued for the sport it stands for. That was something they could do, too. Regulations were introduced that limited early bouts and added another level of systemic change that required state sports commission approval. In the same year that New York also dropped its ban, the final one to arrive before the $4 billion handover took place.
The Fertitta brothers ultimately made the decision to sell the promotion to the talent behemoth WME-IMG (formerly Endeavour) following the conclusion of the UFC 200 edition, which attracted over 18,000 spectators to Las Vegas (2016). The story had been circulating since early spring. Thanks to expanding challenges, which at the time included broadcasting in 156 countries and legal conflicts over legislation in numerous nations, the brothers were able to settle as minority investors.
Dana White sold UFC—how much money did Dana White get for the UFC?
In July 2016, Dana White paid $4.025 billion to a group of investors headed by WME-IMG to sell the UFC. White held nine percent of the business at the time of the sale. WME-IMG, a talent agency, announced that it is acquiring the mixed martial arts corporation in collaboration with Kohlberg Kravis Roberts, Silver Lake Partners, and Michael Dell’s investment firm, MSD Capital.
In a statement, WME-IMG co-CEOs Ari Emanuel and Patrick Whitesell said, “We’ve been fortunate over the years to represent UFC and a number of its remarkable athletes.” Under the direction of the Fertitta brothers, Dana White and their committed staff, the organization has grown astronomically over the past ten years, which has been thrilling to witness. We’re now dedicated to seeking new prospects for UFC and its gifted fighters in order to guarantee the sport’s sustained expansion and prosperity on a worldwide basis.”
It is the most costly deal ever made by a sports organization, with a total value of $4 billion.
When did Dana White sell UFC?
Although Dana White did not sell the UFC, he did sell his share in the business. Endeavor Group Holdings said in April 2023 that the UFC and WWE would combine to become TKO Group Holdings. The completion date of the merger was September 12, 2023. White continues to serve as UFC president. With the sale, the UFC officially entered the mainstream sports industry, demonstrating how far it had come since its days of almost going bankrupt.
The UFC has only expanded after the sale, drawing sizable crowds thanks to new stars like Israel Adesanya, Khabib Nurmagomedov, and Conor McGregor. Sales of pay-per-view are still soaring, and UFC frequently fills arenas worldwide. Dana White’s vision and perseverance have made what began as a fringe show into a reputable international sport.
How much was the UFC sold for?
The UFC CEO shown the guts to take over a failing business and turn it into a multibillion-dollar empire. They then sold the business to the entertainment agency WME-IMG in 2016 for $4.025 billion, as White stated. The agency, which is currently the UFC’s parent business, is now known as Endeavor.
How much is UFC worth now?
According to estimates, the UFC will be worth $12 billion by October 2024. The promotion’s value grew yearly thanks to sponsorships, retail sales, attendance, and pay-per-view event revenue.
The organization, which was established in September 2023 when the UFC and the WWE united to form a $21.4 billion sports property, is owned by TKO Group Holdings. Both brands are still under the parent organization of Endeavor Group Holdings.
Who owns the UFC in 2024?
The UFC is currently owned by TKO Group Holdings. The company is a subsidiary of Endeavor Group Holdings and was formed by the merger of World Wrestling Entertainment (WWE) with Zuffa, the parent company of the Ultimate Fighting Championship (UFC). The merger, which brought together two major media companies in the sports entertainment industry, was completed on September 12, 2023.
Following this transaction, Endeavor was expected to own a majority (51%), with WWE’s shareholders owning a minority (49%). WWE would have been worth $9.1 billion as a result of this combination, demonstrating its immense potential and value.
Does Dana White own any of the UFC anymore? Who owns UFC?
The UFC’s ownership structure has been significantly influenced by Dana White, who holds shares in the organization. In 2009, a Flash Entertainment company spent $175.7 million to acquire a 10% investment in Zuffa, reducing his initial ownership hold in the UFC to 9%. In his capacity as UFC President, Dana White remained essential in deciding the organization’s strategies and assisting its rivals, even after his ownership interest was diminished.
FAQ on how much did Dana White sell the UFC for
Here are some of the most frequently asked questions about how much Dana White sold the UFC for.
How much does UFC pay Dana White?
Dana White earns an estimated annual salary of $20 million as the CEO of the UFC. This figure includes his earnings from UFC operations and additional ventures like the Power Slap League. White has been a central figure in the UFC’s rise to global prominence and continues to play an active role in its operations and growth.
Who is richer, Dana White or Joe Rogan?
The predicted net worth of Dana White in 2024 is $500 million. As the CEO of the UFC, he receives a significant salary and owns a portion of the company’s profits, which is the main source of his fortune.
The projected net worth of Joe Rogan, despite his achievements, is approximately $200 million. He has several sources of income, including his extremely successful podcast and his work as a UFC commentator.
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