M Dogg
Active Member
Dave Meltzer is the top journalist for any combat sports or wrestling and this is straight off his pen... When the UFC was purchased for 2 million dollars from SEG Entertainment they were basically out of business. No sactioning anywhere (hardly) meant they couldn't be in a position to make any money. At this time one of the Fertittas happened to be on the Nevada State Athletic Commission and had inside knowledge (fuck, he was in on the decision) of whether or not they would get sanctioned in Nevada. Long story short, the owners of SEG were mislead to believe they would never be sanctioned in Nevada, never have a chance to make money, and therefore, had a product with little or no value. Dana and the Fertitta's (high school buddies) swoop in with some casino chips and scoop up the UFC. Of course they get sued by SEG, but since they wear Teflon suits, no wrongdoing is found on their part.
How much is UFC worth now? 2 billion? I personally could care less about this, but, I think people who consider themselves MMA fans should at least know the behind-the-scenes history of the UFC and it's owners.
How much is UFC worth now? 2 billion? I personally could care less about this, but, I think people who consider themselves MMA fans should at least know the behind-the-scenes history of the UFC and it's owners.