What investors are being told about the UFCs finances (Part 2)
The second of three articles looking at the UFC's finances. In part two, John S. Nash uses reports from various financial service companies to examine the UFC's debt.
For an in-depth look at the UFC's revenue see our previous article: Earning will be examined next week in part 3.
To get a better understanding of the UFC's debt load, Bloody Elbow analyzed all the available published materials from Moody's, Standard & Poor's, Deutsche Bank, and Prospect News and consulted with a team of financial professionals to evaluate the reports.
None of the documents reported on the UFC's liabilities before 2005, so we are forced to start our debt history with that year.
Lawsuit lifts veil on WSOF internal issues, alleges financial problems, NAC violations
A new lawsuit alleges dire financial straits, violation of NAC rules and a dispute over international licensing rights at the World Series of Fighting. Paul Gift has the details.
WSOF Asia, an LLC whose ownership includes "prominent individuals and entities" in China and Hong Kong, filed a lawsuit in Las Vegas federal court on Monday against MMAWC, the controlling company of the World Series of Fighting (WSOF), and other individuals including CEO Carlos Silva, matchmaker Ali Abdel Aziz and member Bruce Deifik. The lawsuit paints a picture of significant internal strife in the past year along with claims of defamation, breach of contract, dire financial straits and violations of the Nevada Athletic Commission's (NAC) code for MMA promoters.
MMA stars show off Halloween spirit, Dominick Cruz wins best costume
Dominick Cruz couldn't just be a zombie or a vampire for Halloween. He had to make his costume personal (and hilarious).
Decked out in Muay Thai shorts, a floppy blonde wig, a black eye and - the best accessory of all - a jar of peanut butter, Cruz fired shots at UFC bantamweight champion T.J. Dillashaw and his mentor and coach Duane "Bang" Ludwig.
Beyond the Octagon: Fedor's rumored opponent wins MMA bout
So we've lost a Dustin Poirier fight, but I'm going to turn that collective frown upside-down. How you ask? Jaideep Singh is how!
Kickboxing champion Jaideep Singh, who won the 2009 K-1 Grand Prix in Seoul, popped into headlines recently as a rumored opponent for Fedor Emelianenko, rather dampening what excitement there was for Emelianenko's return to the ring. Since then, however, Emelianenko's former manager has suggested that Singh couldn't possibly be the true opponent for "The Last Emperor." And now, perhaps not coincidentally, Singh has appeared at last weekend's Deep 73 Impact.
Report: UFC champ T.J. Dillashaw leaves Alpha Male to train in new MMA team in Colorado
TJ Dillishaw said:
"In regards to my upcoming fight camp, I will be doing my training in Colorado. The last six years at Team Alpha Male have been irreplaceable and my brothers there will forever be family to me. I thank each and every one of them for helping me along the way and being a part of this journey we've shared. This is not the end of being a part of the Team Alpha Male family, but a new chapter in my career.
"I will be spending my next full training camp with Elevation Fight Team as they've offered me an opportunity that I couldn't pass up, with an incredible coaching staff and state-of-the-art facilities.
"I want to thank everyone for the continued support as this has not been a decision I've taken lightly."
Uriah Faber said:
"We are sad to see [Dillashaw] go, but we're excited about the next set of champions being developed at Team Alpha Male."
Dillashaw's striking coach Duane Ludwig isn't a part of the team, however, Dillashaw will still be training with him since he also lives in Colorado.
In addition to Ludwig, Dillashaw's new coaches will be Leister Bowling (head coach), Elliot Marshall (jiu-jitsu), Christian Allen (striking) and Loren Landow (strength & conditioning). The team, which already includes the likes of Matt Brown, Clay Guida, Neil Magny, Brandon Thatch, Cat Zingano, Drew Dober and others, is based out of the MusclePharm Sports Science Center & Research Institute in Denver. It's exclusive to professional fighters.
Report says he is going to Colorado to train with Duane Ludwig and open a new gym named MP Elevation.
Wanderlei Silva files motion to dismiss lawsuit, says Belfort test evidence of UFC cheating
Attorneys for Wanderlei Silva have filed a motion to dismiss the UFC's lawsuit against the renowned MMA fighter with the Clark County, Nevada District Court on Friday, October 3, 2015. The motion claims that the UFC's suit is an attempt "to chill Silva's free speech" and "public participation" as well as send a message to other fighters, and that Silva comments about "cheating" and "fight-fixing" received additional credibility with Vitor Belfort's recently revealed lab results.
The UFC filed a complaint of "Intentional Misconduct" against Silva on July 29th for comments he had published on Facebook referring to "fight fixing" in the UFC and comparing the promotion to professional wrestling.
Silva's counsel, Terry A. Coffing of the firm Marquis Aurbach Coffing, argues that the complaint should be dismissed because it fails to show damages from his comments or prove his comments were false, and that the UFC's true motivation behind filing the suit is to silence his client.
Mugger pleads for life after attacking champion MMA fighter
This is the moment that a desperate robber was left pleading for his ‘daddy’ after attempting to attack a woman – who turned out to be a martial arts champion.
In the footage, Wesley Sousa de Araujo can beseen desperately pleading as
MMA champion Monique Bastos traps his head in-between herlegs, locking his neck in a ‘lion killer choke’ until police finally showed up.
Arkansas, California commissions leading the way with historic new rules for weight-cutting
Arkansas is leading the charge against dangerous, drastic weight cutting.
The Arkansas State Athletic Commission (ASAC) temporarily passed a new regulation two weeks ago that intends to temper the practice of extreme weight cutting among amateur MMA fighters and boxers. Starting from Aug. 19, competitors are no longer able to gain more than 7.5 percent of their body weight back from the day of weigh-ins to the day of the fight. Also, a fighter cannot weigh more than one weight class above him or her the day of the fight...
NSAC issues temporary suspensions to Palhares, Shields, Magalhaes pending hearings
The Nevada State Athletic Commission today issued temporary suspensions to WSOF welterweights Rousimar Palhares and Jake Shields, as well as UFC fighter Caio Magalhaes, pending formal hearings for unsportsmanlike conduct.
NSAC Executive Director Bob Bennett earlier this month told MMAjunkie he would issue a temporary suspension against the fighters, and a meeting today in Las Vegas formalized the decision.
Scott Coker agrees with fighters regarding the Ali Act in MMA: "I think it's a pretty good idea"
The never-ending conflict in mixed martial arts between management and labor, or should we say between promoters and fighters, has really come to the fore this year. Over the last few months an antitrust lawsuit, the new Reebok deal, and the USADA testing policy have sparked debates on fighter pay, lost sponsorship income, and lack of input from the athletes on the rules and regulations governing them. And this is in only in the UFC, never mind the number of complaints that one sees directed at other promotions. All of this has had led to discussions of possible solutions, including perhaps the most serious talk of a fighters association the sport has seen to date.