UFC

“So it's the Fox deal was one hundred sixty eight million a year. And then the ESPN deal was three hundred million a year.”

“Fighters only get 20% of revenue. Every other major sport, NFL, NBA, it's a close to a fifty-fifty. I think it is fifty-fifty split.”

“So, so their margins are about 36%. So they have 36% EBITDA on their product, which is very good.”

“But in the UFC, if you look at the top 10 most popular pay-per-views of all time, it's like Conor McGregor and Rounder Rousey make up, like, collectively, like, eight of the top 10.”

“And actually, if you go watch Like, the back catalog of UFC fights, they cut out Bruce Buffer's it's time part, because they don't want to pay him the royalty on it's time.”

“I am not banned for life. I was banned for 48 hours, but that was back in 2016. Over time, there's been some revisionist history where people think I'm still banned. I'm not banned. I've been to a bunch of events since then.”

“They bought the UFC for about two million dollars, and it wasn't his money. He convinced his two kind of childhood friends, the Fertittas, who own casinos, that's their background, that's how they made their wealth, convinced them, let's buy the UFC, and then …”

“It makes like three or four hundred million a year in profit.”

“I think Dana only owned, like, four or six percent of it when it sold, but the Fertitta brothers owned most all of it besides some outside, outside money”

“That's a, that's publicly known. They were actually, you know, paying for that airtime. So the original Ultimate Fighter and then all, all that was broadcast on Spike back in the day. Yeah, they were not only funding their own production, but they were paying …”

“Con Connor was, you know, I'd say Just under a hundred, right? When it's all said and done.”

“I think that fighters definitely should have a bigger piece of the revenues as this thing continues to grow, which I think they've come a long way, but they still have a long way to go.”

“The NFL, which is the biggest, most profitable sports league in the United States, biggest, most profitable league, has twenty nine million followers. The UFC has thirty nine million followers because they are better at social media and they're better at story…”

“All the fighters are independent contractors. They don't even pay them salaries. There's no guaranteed salaries. Independent contractors who make about 15 to 17% of the overall revenue goes to the fighters. Way less than every other sport. No teams. No, no, no…”

“I think it won't impact the business at all. I think it's actually going to make the business better because the people who are behind them are going to be harder behind them, and I think, but I do think it will scare institutional money and that's basically m…”

“Basically these two brands have over 95% market share in their market. This is total monopoly. More than Google has in the search market.”

“It could. It could. That is, I would put that as the number one risk to shift the economics of the business.”

“Bellator was the most well-funded competitor to UFC. It was funded by Viacom. They put hundreds of millions of dollars into this thing. It failed. And they just sold it for, you know less than what they put, what they invested into it. They sold it for a hundr…”

“As silly as this sounds, I do think that Dana White is on my Mount Rushmore of startup founders.”

“They went forty million dollars in the hole before turning this thing around, turning it into a ten billion dollar company.”

“And of course, since then, they both signed major, major, like streaming deals way bigger than, you know, people thought they would sign like billion dollar a year plus streaming deals.”

“There's no competition to UFC and there's no competition to WWE. Like, the number two MMA, you know, promotions, whether it's PFL, like Bellator, like these were companies that are literally on the brink of bankruptcy, and like, they're like, not just like in …”