Cam Newton owns part of the UFC I guess

[rodeo]

http://www.wsj.com/articles/the-ufc-goes-for-a-knockout-with-celebrity-investors-in-its-corner-1475200801

Less than three months after being acquired by a major Hollywood talent agency, the UFC is going A-list.

Twenty-three celebrities, including Ben Affleck, Adam Levine and Serena and Venus Williams, are investing in the rapidly expanding sports league, the UFC and its new majority owner WME-IMG said on Thursday.

Bringing on the celebrity investors who can provide promotional muscle for the brutal and fast-growing sport known as mixed martial arts is the most significant business move for the organization since being acquired for $4 billion by WME-IMG and a group of investors in July.

Mr. Emanuel sought out celebrities who could help make the case that the UFC was no longer a niche interest. “I think it’s a mainstream sport now,” he said.

 

 

 

 

[Toolbox]

I think it's a smart investment I just hope cam didn't sink too much into it.

[rodeo]

7 minutes ago, Toolbox said:

I think it's a smart investment I just hope cam didn't sink too much into it.

edited in an article with more details. it seems like a very good investment. hopefully it sees him involved in more ways than just sitting in the audience and awkwardly getting shown on camera.

[Montsta]

Didn't Dana White and co. buy it for like $1MM and turn it into $4BB or something like that?

Thats solid growth over a 20 year clip to put it mildly. 

[Moose87Banks]

Didn't Dana White and co. buy it for like $1MM and turn it into $4BB or something like that?

Thats solid growth over a 20 year clip to put it mildly. 

I thinks it's even less than 20.


Sent from my iPhone using CarolinaHuddle

[rodeo]

27 minutes ago, Moose87Banks said:

I thinks it's even less than 20.


Sent from my iPhone using CarolinaHuddle

yeah they bought it in 2001 for 2 million, sold it this year for 4 billion.

[General_Purr]

Its only going to keep growing. Its only about 15 years old as a "sport" I think this is awesome for Cam. He has plenty, he can grow and make a difference

[The Huddler]

So is he kinda like jerry richarson of WWE? except a smaller cut and not majority owner?

[CarolinaCoolin]

Been watching the UFC since 2006. It's cool to see cam apart of this. Like it's been mentioned the UFC is only been around for like 23 years and the sport of MMA is still in its infancy relatively speaking. This whole transaction is really going to grow the sport. It's a good thing all around. Cam makes a good investment, MMA gets more exposure and this grows. Win for everyone 

[the butch]

Depending on how this stuff is structured, this has the potential to be disastrous in the future.  Rely on celebrity monies and fame.  Cash in on recency bias.  Lose big when the bubble bursts.  I've never believed in the longterm viability of the sport.  Too barbaric for today's sentimentality.  

[iamcline]

1 hour ago, Promethean Forerunner said:

I believe the opposite. The sport has plateaued. Too many injuries, PED usage, a new champion every month (no consistency), flooded fight cards with mediocre talent, etc.

They sold it for a reason. The stock is never gonna be this high again.

I'll agree with you on this one. I try to get into UFC and follow it but there's always a new champion, then that new champion gets hurt. Then the next challenger fails a drug test. Round and round it goes.

[Clicheking]

Ummm I see nothing about Cam being an investor???

[rodeo]

16 minutes ago, Clicheking said:

Ummm I see nothing about Cam being an investor???

He's listed in the Conan video.

[truthjuice]

This is interesting.