However for them to become eligible as buyers they have to sell off their stake in the family casino Station Casinos. After purchasing the mixed martial arts promotion and live entertainment provider for 2 million in.
White will stay on to run the UFC which has grown from a money-losing promotion in a minor sport into a global entertainment brand.
Fertitta Brothers Sell Ufc. Mar 31 2021 Endeavor acquired a majority stake of UFC parent company Zuffa from the Fertitta brothers in July 2016 when it was then known as WME-IMG. Jul 11 2016 Should Davis sell a majority stake to the Fertitta Brothers it would only be a matter of time before a move to Las Vegas would be approved. They bought UFC for 2 million in 2001.
Jul 11 2016 The Fertitta brothers purchased UFC for 2 million in 2001. Following the sale brothers Frank and Lorenzo Fertitta who purchased the nearly. Aug 22 2016 A spokesperson for WME confirmed the deal and the closing price on Monday afternoon.
Jul 11 2016 Brothers Lorenzo and Frank Fertitta shown flanking UFC president Dana White in 2010 bought the organization in 2000 for 2 million and sold it in 2016 for 377 billion Jamie McCarthyWireImage. The Fertitta brothers Lorenzo and Frank have sold their remaining equity in the UFC to. Oct 28 2020 STREAM UFC NOW.
The Abu Dhabi government still owns 10 percent of the UFC as well. UFC owners Lorenzo and Frank Fertitta have tapped out of the company after nearly 16 years although theyll retain a minority interest. The Fertitta brothers relinquished their ownership rights after the UFCs sale to entertainment giant WME-IMG in 2016.
Sep 08 2017 According to a report from Forbes brothers Lorenzo and Frank Fertitta have sold their remaining stake in the company one year removed from WME-IMGs acquisition of the UFC for 4 billion. The London Economic Fertitta Brothers Sell UFC for 4bn After Buying For 2m. Feb 25 2021 In 2016 the Fertitta brothers and Dana White sold the majority of their UFC shares to William Morris Endeavor WMEIMG with Silver Lake Partners Kohlberg Kravis Roberts MSD Capital.
Sep 08 2017 Whats Frank Fertitta up to post-UFC. And for Silva the UFC landscape was never the same since. How bout buying a 70 million NYC penthouse.
The 4025 billion price tag paid by WME-IMG then called by far the richest sale. Mar 31 2021 Back in 2016 the Fertitta brothers shook up the MMA world with the news that they had sold the Ultimate Fighting Championship for a whopping 43 billion. Lorenzo Fertitta and his brother Frank made the bulk of their fortune through mixed martial arts promoter UFC.
NFL rules do not allow anyone with ties to gambling to own a team. The buyers represented several investment. Sep 08 2017 The Fertitta era of mixed martial arts is officially over.
Jun 06 2017 For 15 years Frank and Lorenzo Fertitta built UFC into a money-making enterprise. Jul 12 2016 While things werent always smooth and it seemed there were twists turns and crises on a regular basis the story of the Fertitta brothers purchase of. It just sold for 4 billion.
Currently Endeavor owns 501 of the UFC per the SEC filing.