Report: Fertitta Brothers Sell Remaining UFC Equity to WME-IMG
The value of the Ultimate Fighting Championship is even higher than
originally imagined after Lorenzo and Frank Fertitta recently sold
the remainder of their equity in the company to WME-IMG.
According to a report from Forbes, the brothers sold their 5.8 percent share in the company last month, giving the UFC sale a new value of approximately $5 billion.
Lorenzo and Frank Fertitta purchased the UFC for $2 million in 2000. The promotion was sold last summer for a reported $4 billion. The brothers, who each owned 40.5 percent of the company, maintained passive minority interest in the company until the recent sale. According to the report, the Fertittas “received roughly a 26 percent premium over last year’s transaction.”
The Fertittas are both currently worth approximately $2 billion apiece, per Forbes. Both men, as well as the UFC and WME-IMG, declined to comment for the report. The Fertittas own Station Casinos and an investment firm, Fertitta Capital.
According to a report from Forbes, the brothers sold their 5.8 percent share in the company last month, giving the UFC sale a new value of approximately $5 billion.
Lorenzo and Frank Fertitta purchased the UFC for $2 million in 2000. The promotion was sold last summer for a reported $4 billion. The brothers, who each owned 40.5 percent of the company, maintained passive minority interest in the company until the recent sale. According to the report, the Fertittas “received roughly a 26 percent premium over last year’s transaction.”
The Fertittas are both currently worth approximately $2 billion apiece, per Forbes. Both men, as well as the UFC and WME-IMG, declined to comment for the report. The Fertittas own Station Casinos and an investment firm, Fertitta Capital.
