As Endeavor continues to prove critics wrong after going public earlier this year and holding stock prices, The media conglomerate has been largel
As Endeavor continues to prove critics wrong after going public earlier this year and holding stock prices, The media conglomerate has been largely boosted during the pandemic by the continued growth and expansion of the UFC.
While the entertainment industry is still on the mend after a disastrous 2020, The UFC has proven to be Endeavor’s best investment yet after spending just over $ 4 billion to buy the developer just over five years ago.
Endeavor CEO Ari Emanuel has touted record numbers produced by the UFC both on pay-per-view and at live events since fans were welcomed to the arenas earlier this year.. Of course, the UFC making money at an astonishing rate has also led to many complaints about the amount that is paid to actual athletes in the organization.
Due to an ongoing lawsuit from numerous former athletes, the UFC has been forced to release financial records for several years, which revealed that the promotion has been paying roughly 16 to 20 percent of the proceeds to the wrestlers. That figure pales in comparison to other major sports leagues like the NFL, NBA or Major League Baseball, where athletes almost universally take home about 50 percent of revenue.
Still, Emanuel defended the salary structure of fighters in the UFC during a recent appearance at the Goldman-Sachs Communacopia conference. He touted that the salary of fighters in the UFC had increased by 600 percent since 2005 and also mentioned Forbes’ recent list of highest paid athletes that placed former two-division champion Conor McGregor in the number one position of the year.
“They just did a recent study of the highest paid athletes. The number one athlete was a UFC fighter. They are making money from fighting kits, paid marketing opportunities that we are creating for them with our sponsors, income for NFT and we are investing money in a performance institute to rehabilitate them, [centrarnos en su] diet, etc. «
Fighters earn money with Venum as the Official Sponsor of UFC Fight Kits, but they are also prohibited from wearing any other endorsement on the uniform outside of the companies that have already partnered with the promoter.
The UFC also recently signed a whopping 175 million deal with Crypto.com, but none of that money was returned to the athletes.
The promotion also received criticism earlier this year when flyweight prospect Sarah Alpar opened a GoFundMe page to help pay for her training camp for an upcoming fight in the UFC. YouTube celebrity-turned-boxer Jake Paul and upstart social media company and boxing promoter Triller finally donated enough money to pay for the entire campaign, while both snapped UFC photos for an athlete starting a GoFundMe page in the first place. .
Imagine a rookie in the NBA had to start a GoFundMe to play. It is an honor and a privilege for me to help my fellow fighters in any way that I can.«.