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Post by Tapout on Oct 18, 2016 13:24:27 GMT -5
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Post by TitoOrtizIsAPunk on Oct 18, 2016 13:56:14 GMT -5
It's expected for them to bring in their own people. Like they say, was Silva pushed out or did he already not like the direction they were going to be taking. With the Fertittas and Silva gone, we'll see how Dana handles this alone. We'll see how much of a spokesperson and puppet he really was. It's obvious the Conor Eddie fight over ruled him. Thing is, there aren't to many starts... At some point you kinda have to follow the outline Zuffa layed out.
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Post by Tapout on Oct 18, 2016 15:15:48 GMT -5
Just reported that they are laying off 15% of the UFC's staff.
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Post by clubman on Oct 18, 2016 15:28:23 GMT -5
jeez they should form a union. lol
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Post by jonas0tt0 on Oct 18, 2016 15:52:26 GMT -5
This is all normal procedure when there is a corporate takeover. It's all part of the transition.
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Post by Tapout on Oct 19, 2016 8:37:45 GMT -5
Damn they axed Garry Cook and Marshall Zelaznik
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Post by Premier on Oct 19, 2016 14:35:03 GMT -5
I wonder if Dana's job will eventually be in trouble. I hope not. Dana is the face of the UFC. After all these layoffs and the people that left, he is the only one left. The new UFC is "Hollywood's" UFC.
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Post by hammerfaust on Oct 19, 2016 14:48:17 GMT -5
I wonder if Dana's job will eventually be in trouble. I hope not. Dana is the face of the UFC. After all these layoffs and the people that left, he is the only one left. The new UFC is "Hollywood's" UFC. I could be wrong, but didn't Dana already sign a 5 year deal with the new owners?
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Post by Premier on Oct 19, 2016 15:15:03 GMT -5
Oh I didn't know that. But those contracts can be settled/paid off if they really wanted Dana gone.
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Post by Tapout on Oct 19, 2016 15:24:35 GMT -5
Dana Owns 9% of the company, so they couldn't fire him.
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Post by Angelo on Oct 19, 2016 15:26:23 GMT -5
Well the plus side is it'll up the production of UFC events. The downside, they probably don't give two shits about it as a sport.
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Post by Angelo on Oct 19, 2016 15:27:40 GMT -5
Dana Owns 9% of the company, so they couldn't fire him. He only has employment guaranteed for 5 years on his new contract. He'll remain an equity holder, but he isn't guaranteed a working position because he's not a managing partner.
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Post by TitoOrtizIsAPunk on Oct 19, 2016 16:09:15 GMT -5
If these new guys start fucking shit up, undercutting Dana and making him look bad, I see him walking away before anything else.
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Post by locogato11283 on Oct 19, 2016 20:03:45 GMT -5
Well the plus side is it'll up the production of UFC events. The downside, they probably don't give two shits about it as a sport. So, same as it was before the sale?
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Post by Angelo on Oct 19, 2016 20:05:21 GMT -5
Well the plus side is it'll up the production of UFC events. The downside, they probably don't give two shits about it as a sport. So, same as it was before the sale? Greater extremes.
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Post by Tapout on Oct 21, 2016 9:11:42 GMT -5
They also dissolved their Piracy dept. Wonder what the logic behind that is.
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Post by Angelo on Oct 21, 2016 12:10:39 GMT -5
They also dissolved their Piracy dept. Wonder what the logic behind that is. Because it costs more than it saves. They have a ton of man hours they are spending on lawyers and what not just for that, and WME understands how minuscule the effect of internet piracy is on them. We've reached a semi-saturation point with MMA in terms of fanbase. Without a new fighter that somehow attracts new fans, going the old school way would sorta make sense. Let these people pirate it and show to their friends and get them hooked.
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Post by jasonkl on Oct 21, 2016 12:48:50 GMT -5
it looks like they are basically giving up on canada and some other international spots as they got rid of most of the canadian management, they are apparently low balling GSP, let rory mcdonald go, etc.. i don't think thats a great move, and see them fighter wise way to dependant on connor to pull in monster numbers and ronda to a lesser extent.
my worry is that the people they bring in won't really know anything about mma and just have more business types of backgrounds
they are going to have to cut a bunch of costs, and that looks like part of their goal.
i read that a huge percentage of the $4 billion they paid was financed- at least $1.8 billion and at a high interest rate of around 7 or 8. if its at 7%, than they would be paying about $126 million in interest payments alone, that doesn't include paying down any principal. thats a ton of money.
i think a big part of the long range plan about renegotiating the fox deal and making to changes to it when the original deal expires in a couple of years. they may be able to more than double what they are currently getting, and the rumor is that they are looking to do something like football and other sports where they won't have an exclusive relationship just with fox- so it would be something like they do a monthly event on fox, every other on nbc, something on espn, etc...
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