Sources: White to get piece of future UFC profits
Sources confirmed that White owned nine percent of the UFC, which would mean his cash out on the recent $4 billion sale to agency WME-IMG and other partners will be roughly $360 million when the deal closes. It was not immediately known if White is retaining any percentage of the new company.
UFC chairman Lorenzo Fertitta, who with his brother Frank owned 80 percent of the enterprise and will leave the UFC on the new deal, told CNN in December that the business grossed $600 million in 2015.
Figuring out what the business actually nets after all expenses is an inexact science, but based on a ballpark estimate of what other entertainment businesses net after costs, the UFC bottom line could be in the $200 million range. That would make White's yearly take to start about $18 million on top of his cash out.
Sources confirmed that White owned nine percent of the UFC, which would mean his cash out on the recent $4 billion sale to agency WME-IMG and other partners will be roughly $360 million when the deal closes. It was not immediately known if White is retaining any percentage of the new company.
UFC chairman Lorenzo Fertitta, who with his brother Frank owned 80 percent of the enterprise and will leave the UFC on the new deal, told CNN in December that the business grossed $600 million in 2015.
Figuring out what the business actually nets after all expenses is an inexact science, but based on a ballpark estimate of what other entertainment businesses net after costs, the UFC bottom line could be in the $200 million range. That would make White's yearly take to start about $18 million on top of his cash out.