UFC 200 promo video features ‘The Beast’ Brock Lesnar versus Mark Hunt this coming July 9 in Las Vegas. While the organization promotes the fight, Dana White faces an important decision regarding the UFC’s future.
The rumors on the UFC organization bidding have been proven to be accurate. In fact, the sale possibility was almost final last Thursday when Dave Meltzer reported that the company’s closure finally came.
According to the report, there are several details that emerged regarding the exact parts of the transfer to its potential buyers and owners. UFC’s majority owners, with a combined 81 percent stake, will part ways while the remaining execs will stay with Dana White.
The negotiation involves allowing Dana White to run the company with a small ownership stake due to the change of ownership of the UFC organization as a whole.
All current partners would cash out. But White would be given 6-7% of new company to continue his role.
— Jeremy Botter (@jeremybotter) June 18, 2016
The potential owners are also based with their bids, of course. So far, the highest bidders are the Wanda Group, CMC, IMG WME, The Kraft Group and Tencent. The majority of the bidders are from China.
Wanda Group, the highest among the five bidders, is headed by Wang Jianlin who is currently the richest man in China with $35 billion approximate worth. CMC, meanwhile, owns a minority stake in Manchester City in a team under UFC executive vice president Garry Cook.
Last week, MMA Fighting collague, Dave Meltzer reported the bidding period ended around June 16 with an expected price of roughly $4 billion for 100 percent ownership.
However, Dana White denies this claim and says the report is overblown. He notes that the UFC is not for sale.
“The UFC is not for sale. The ESPN story is overblown. Darren Rovell is not a fan of facts,” he says. Speculations on White’s ownership remain unclear whether he can still run the entire company to a prospective buyer knowing these companies are built from the ground up.
“The day we decide to sell, I probably don’t want to do this anymore. Me and Fertitta brothers have been together a long time … we’d probably all be looking to get out,” White added.
Meanwhile, UFC 200 is all set for the upcoming fight with the biggest events of the year. The July 9 event packs much-anticipated championship rematch between Daniel Cormier, defending for his Light Heavyweight strap against Jon Jones.
Frankie Edgar and Jose Aldo will fight for interim Featherweight title, Miesha Tate against Amanda Nunes for women’s Bantamweight stap. In addition to the list, former UFC Heavyweight champion Cain Velazquez fights against Travis Browne.
The return of Brock Lesnar vs Mark Hunt made headlines since the announcement and the reason behind the teaser. The event itself focuses on the reincarnation of The Beast who is also promoted as a WWE superstar, MMA Mania notes.
Watch UFC 200 promo video below!
Photo courtesy: Miguel Discart/Flickr