UFC considering selling-off 10-15% of its stake [update: Dana White says they aren't]

speeds · Oct 19, 2009

"That's a possibility. But for what we value this thing at, you'd have to find somebody right now with a lot of cash laying around, who wants to come into this business, get a piece of it, and just kind of sit over there and not tell us what to do."
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Give us your millions and STFU says Dana White.

Who could resist?

Zuffa recently took out a $100-million loan to pay off a line of credit.

http://www.cagepotato.com/want-piece-ufc-make-them-offer

Chocolove · Oct 19, 2009

Re: UFC considering selling-off 10-15% of its stake

Dana has no subtlety in his approach, that makes him a terrible business person IMO. Who knows though, maybe Affliction would want in.

Mamba · Oct 19, 2009

Re: UFC considering selling-off 10-15% of its stake

Maybe M-1 would want in ;]

oldmangrouch · Oct 19, 2009

Re: UFC considering selling-off 10-15% of its stake

I hear the Yakuza are looking for a nice tax shelter....and they would *never* interfere in how the company was run!

speeds · Oct 20, 2009

Re: UFC considering selling-off 10-15% of its stake [update: Dana White says they are

Never mind!

“This is [expletive] bad; it’s not what I said. Here’s the bottom line: Basically, it was a longer story and he kept asking if we would sell this thing or not. I kept saying ‘No. No, we won’t sell it,’ and I’d go through this whole [expletive] thing about how we’re all 40 years old and we’re young and we’re the visionaries for this thing. We know where we’re taking this thing. We know where it’s going. We have no interest in selling it. And going public? We don’t need the [expletive] money. You go public when you want to raise cash. You raise capital to do something bigger. We don’t want to do that. We’re not looking to do that. He kept [expletive] pushing and pushing. He said, ‘OK, hypothetically speaking, would you ever sell a piece of it?’ I said, ‘I guess we’d sell a tiny little piece. We’d probably sell a tiny little piece.’ But, here’s the thing: I want it to be known that this guy kept pushing me and pushing me. I said ‘No, we wouldn’t go public. No, we wouldn’t sell it.’ At the end of the day, we’re the guys who are driving this thing. We have the vision. We know where we want to take this thing. We’re not interested in selling a piece of this to anybody. Me, Frank and Lorenzo are the three owners. We have an awesome relationship. Everything runs smoothly. It’s perfect. And for us to even offer somebody a piece, it would be the biggest compliment in [expletive] history because they’d have to be a serious strategic partner. It’s the only [expletive] way we’d do it.”
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http://mmamania.com/2009/10/20/buyers-remorse-ufc-not-for-sale-says-dana-white/

speeds · Oct 20, 2009

Re: UFC considering selling-off 10-15% of its stake [update: Dana White says they are

Supposedly Shane McMahon was one of the people believed to be asking to buy a piece of the UFC (despite Vince saying the WWE was "a more sophisticated" product last week).

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UFC considering selling-off 10-15% of its stake [update: Dana White says they aren't]

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UFC considering selling-off 10-15% of its stake [update: Dana White says they aren't]

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speeds $2.50 highball, $1.50 beer Staff Member Administrator GFX Team

Chocolove Active Member

Mamba The King is Back Staff Member Global Moderator

oldmangrouch persona non grata

speeds $2.50 highball, $1.50 beer Staff Member Administrator GFX Team

speeds $2.50 highball, $1.50 beer Staff Member Administrator GFX Team

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