UFC COMMITS TO MADISON SQUARE GARDEN AND NEW YORK STATE
Jan 13, 2011
(PRESS RELEASE) -- UFC® Chairman and CEO Lorenzo Fertitta and
President Dana White today unveiled plans to bring at least two UFC
events to New York within the first year the sport is regulated in
the state, including one to be held at Madison Square Garden.
Joined at a press conference at The World’s Most Famous Arena by
UFC lightweight champion Frankie Edgar and Scott O’Neil, President
of Madison Square Garden Sports, White expressed his desire to
finally bring UFC to the Empire State.
“It’s time to bring the fastest growing sport in the world to New York and Madison Square Garden,” White said. “We already know that New York is filled with UFC fans who want to see live UFC events in their home state. With the economic benefits that UFC would bring to New York, it’s time for UFC to do Madison Square Garden.”
“We are thrilled that Dana and the UFC are so committed to New
York,” O’Neil said. “UFC and its passionate fans have a home here
at Madison Square Garden, and we look forward to welcoming them as
soon as the sport is regulated in New York. We have no doubt that
UFC would be enormously popular at The Garden and a great addition
to our lineup of world class sports and entertainment events.”
In addition to announcing plans to hold two annual UFC events in New York, UFC officials released the findings of a new economic study today.
The study found that holding two UFC events in the state (one at Madison Square Garden and one in Buffalo) will create roughly $16 million in new spending. Additionally, the study found smaller MMA operators will likely hold events that would bring an additional $4 million. In total, $23 million of annual new spending and hundreds of new jobs will be created in the local economy by regulating MMA.
Many UFC fans travel from surrounding states, stay for extended periods (at least one night at a hotel), and often arrive hours early for fights, which boosts merchandise and concession sales. New York-based MMA gyms and related industries are also expected to see an increase in revenue from the regulation of the sport. Likewise, local businesses will benefit greatly from MMA bouts, particularly outside of New York City where the economic influx is proportionally greater. This trend follows that of surrounding states which currently regulate MMA fights.
“By bringing UFC events to New York, the state will see a positive financial impact,” White said. “The arenas will get to host major UFC events and local hotels, restaurants, and other businesses will attract new customers. They’ll look forward to the times we bring UFC to New York.”
“I grew up in New Jersey, so fighting in New York City at Madison Square Garden has always been a dream,” Edgar said. “Some of the greatest sports events ever have been held at MSG and it would be an honor to fight in New York. I know the fans here are hungry for it.”
The full economic impact study is available at www.mmafacts.com/econstudy.
Legislation to allow the New York State Athletic Commission to regulate MMA was included in the Executive Budget, passed the State Senate, and passed the New York Assembly Tourism Committee and Codes Committee for the second year in a row. Currently 44 other U.S. states regulate MMA, including Pennsylvania, Massachusetts, and New Jersey, where UFC will host an event at the Prudential Center in Newark on March 19.
For more information, or current UFC fight news, visit UFC.com.
Ultimate Fighting Championship® - www.ufc.com Owned and operated by Zuffa, LLC, and headquartered in Las Vegas, Nev., UFC® produces over twelve UFC live Pay-Per-View events annually and 30 live arena events around the world. UFC programming is distributed in the United States on Viacom, Inc.’s Spike TV and on Comcast, Inc.’s VERSUS network. UFC content is distributed commercially through Joe Hand Promotions in the U.S. and Canadastar in Canada. Globally, UFC programming is broadcast in over 145 countries and territories, reaching 354 million homes worldwide, in 19 different languages. Ancillary businesses now include UFC.com with over 5 million unique visitors per month, the best-selling UFC “Undisputed” videogame franchise distributed by THQ, UFC Gymâ„¢, UFC Fight Club affinity program, UFC Fan Expoâ„¢ festivals, branded apparel, trading cards, articulated action figures and other media including best-selling DVDs and a U.S. bimonthly magazine.
Ultimate Fighting Championship®, Ultimate Fighting®, UFC®, The Ultimate Fighter®, Submission®, As Real As It Gets®, Zuffa®, The Octagonâ„¢ and the eight-sided competition mat and cage design are registered trademarks, registered service marks, trademarks, trade dress and/or service marks owned exclusively by Zuffa, LLC and licensed to its affiliated entities and other licensees in the United States and other jurisdictions. All other marks referenced herein may be the property of Zuffa, LLC, its affiliates or other respective owners.
“It’s time to bring the fastest growing sport in the world to New York and Madison Square Garden,” White said. “We already know that New York is filled with UFC fans who want to see live UFC events in their home state. With the economic benefits that UFC would bring to New York, it’s time for UFC to do Madison Square Garden.”
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In addition to announcing plans to hold two annual UFC events in New York, UFC officials released the findings of a new economic study today.
“We’ve done similar economic studies in major cities such as
Boston, Las Vegas and Philadelphia and each showed the substantial
positive impact hosting a UFC event has on the local economy,”
Fertitta said. “This study shows that by regulating MMA, New York
can reap the economic benefits statewide.”
The study found that holding two UFC events in the state (one at Madison Square Garden and one in Buffalo) will create roughly $16 million in new spending. Additionally, the study found smaller MMA operators will likely hold events that would bring an additional $4 million. In total, $23 million of annual new spending and hundreds of new jobs will be created in the local economy by regulating MMA.
Many UFC fans travel from surrounding states, stay for extended periods (at least one night at a hotel), and often arrive hours early for fights, which boosts merchandise and concession sales. New York-based MMA gyms and related industries are also expected to see an increase in revenue from the regulation of the sport. Likewise, local businesses will benefit greatly from MMA bouts, particularly outside of New York City where the economic influx is proportionally greater. This trend follows that of surrounding states which currently regulate MMA fights.
“By bringing UFC events to New York, the state will see a positive financial impact,” White said. “The arenas will get to host major UFC events and local hotels, restaurants, and other businesses will attract new customers. They’ll look forward to the times we bring UFC to New York.”
“I grew up in New Jersey, so fighting in New York City at Madison Square Garden has always been a dream,” Edgar said. “Some of the greatest sports events ever have been held at MSG and it would be an honor to fight in New York. I know the fans here are hungry for it.”
The full economic impact study is available at www.mmafacts.com/econstudy.
Legislation to allow the New York State Athletic Commission to regulate MMA was included in the Executive Budget, passed the State Senate, and passed the New York Assembly Tourism Committee and Codes Committee for the second year in a row. Currently 44 other U.S. states regulate MMA, including Pennsylvania, Massachusetts, and New Jersey, where UFC will host an event at the Prudential Center in Newark on March 19.
For more information, or current UFC fight news, visit UFC.com.
Ultimate Fighting Championship® - www.ufc.com Owned and operated by Zuffa, LLC, and headquartered in Las Vegas, Nev., UFC® produces over twelve UFC live Pay-Per-View events annually and 30 live arena events around the world. UFC programming is distributed in the United States on Viacom, Inc.’s Spike TV and on Comcast, Inc.’s VERSUS network. UFC content is distributed commercially through Joe Hand Promotions in the U.S. and Canadastar in Canada. Globally, UFC programming is broadcast in over 145 countries and territories, reaching 354 million homes worldwide, in 19 different languages. Ancillary businesses now include UFC.com with over 5 million unique visitors per month, the best-selling UFC “Undisputed” videogame franchise distributed by THQ, UFC Gymâ„¢, UFC Fight Club affinity program, UFC Fan Expoâ„¢ festivals, branded apparel, trading cards, articulated action figures and other media including best-selling DVDs and a U.S. bimonthly magazine.
Ultimate Fighting Championship®, Ultimate Fighting®, UFC®, The Ultimate Fighter®, Submission®, As Real As It Gets®, Zuffa®, The Octagonâ„¢ and the eight-sided competition mat and cage design are registered trademarks, registered service marks, trademarks, trade dress and/or service marks owned exclusively by Zuffa, LLC and licensed to its affiliated entities and other licensees in the United States and other jurisdictions. All other marks referenced herein may be the property of Zuffa, LLC, its affiliates or other respective owners.
