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UFC Fight Tonight

talkAugust 2, 20223 Mins read37 Views

UFC Fight Tonight

The Ultimate Fighting Championship (UFC) is an American mixed martial arts (MMA) promotion company based in the Las Vegas, Nevada. It is owned and operated by the Zuffa, LLC, a wholly owned subsidiary of Endeavor Group Holdings. It is the largest mixed martial arts promotion company in the world as of 2011. It produces events worldwide featuring 12 weight divisions (eight men and four women) and adheres to the MMA Standard Rules. As of 2022, more than 600 events have taken place. Dana White has been its president since the 2001. Under White’s direction, it has grown into a multibillion dollar global corporation.

Founded by entrepreneur Art Davey and Brazilian martial artist Rorion Gracie, the first event was held in 1993 at McNichols Sports Arena in Denver, Colorado. The purpose of the early Ultimate Fighting Championship competitions was to determine the most effective martial arts in a competition with minimal rules and no weight classes between competitors from various fighting disciplines. In subsequent events, stricter rules were set and fighters began to adopt effective techniques from more than one discipline, which indirectly helped create a separate style of fighting known as the current mixed martial arts. In 2016, the UFC’s parent company, Zuffa, was sold to a group led by Endeavor, then known as William Morris Endeavor (WME – IMG), including Silver Lake Partners, Kohlberg Kravis Roberts, and MSD Capital for the $4.025 billion. . In 2021, Endeavor purchased the other owners of Zuffa for $1.7 billion.

With a television deal and expansion into Australia, Asia, Europe and new markets within the United States, the UFC achieved greater major media coverage. It earned $609 million in 2015, and the following local media rights agreement with ESPN was valued at $1.5 billion over five years.

UFC Events

MMA journalists and fans criticized the UFC for making too many shows and thus impairing the quality of their products.

Production team

Salaries and contracts of fighters

UFC fighters get a much smaller share of revenue than athletes in similar sports, and other big MMA offerings. UFC fighters are paid per fight, in amounts that depend on how famous the fighters are, how well the fighter is sponsored, and the event. Fighters will usually get paid money to fight, called a money offer, with an additional bonus if they win, and called a win bonus. Although not officially confirmed by the UFC, Justin Gethjee revealed in January 2019 that the event title brings in an additional $25,000 per fighter. While new fighters in the UFC can earn as little as $10,000 per fight (without a win bonus), more established fighters can earn as much as $500,000 to $1 million per fight. Sometimes, fighters will earn more. For example, at UFC 202, Conor McGregor made $3 million, a UFC record for a single fight, while his opponent, Nate Diaz, made $2 million. The $5 million combined between the two fighters was the largest combined fight purse in UFC history.

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Cash rewards are also awarded for “Fight of the Night” and “Performance of the Night” (previously awarded separately as “Knockout of the Night”). Sometimes the size of these bonuses can be up to 80,000 USD (but it is usually 50,000 USD). For lesser known fighters, they can be several times greater than the contracted amount to fight. Contracted amounts should generally be declared to the State Sports Committee; however, the UFC also pays undisclosed bonuses in the locker room to fighters. In early 2021, Dana White revealed that these bonuses range from $4,000 to $25,000. Try to defend existing regulations.

The UFC is contractually obligated to provide three fights to each fighter in a calendar year, and if they do not, the organization has to pay the fighter for lost fights. For example, if the UFC offers a fighter only one fights during the year, they have to pay the fighter two more fights. However, if a fight is offered and rejected by the combatant, it is still counted as a fight offered from the contractual point of view.

Beginning at UFC 273, three “Fan Bonus of the Night” per pay-per-view event from Crypto.com, as part of the Crypto.com UFC sponsorship packages deal, will be awarded per pay-per-view event starting UFC 273. Viewers can Vote up to three times per payment offer on Crypto.com/FanBonus, starting with the opening of the initial PPV card and ending an hour after the primary card expires. The rewards will be paid in Bitcoin in US dollars ranging from $30,000 for first place, $20,000 for second place, and $10,000 for third place.

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