Now Bloomberg saying Fertittas hit hard, profits fall 40%

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Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by Dagwood on Wed Nov 19, 2014 7:31 pm

Fertitta Brothers’ UFC Staggered as Injuries Hurt Profit
bloomberg.com - Nov 19, 2014


Zuffa LLC, which owns the Ultimate Fighting Championship mixed martial arts league, may suffer a 40 percent drop in profit this year because of injuries and canceled bouts.

Standard & Poor’s Ratings Services issued the revised profit outlook and said it may lower Zuffa’s BB-minus corporate debt rating.

S&P previously anticipated Zuffa’s earnings before interest, taxes, depreciation and amortization would fall 30 percent this year.

“A negative rating action could occur if we are not confident that Zuffa’s operations are recovering meaningfully by the first quarter of 2015,” S&P said today in a statement. Zuffa’s $535 million senior secured credit facility is rated BB.

Live events are a big part of UFC’s revenue. Cain Velasquez withdrew from a Nov. 15 match in Mexico City, forcing a change in the line-up, said Emile Courtney, a Standard & Poor’s analyst in New York. An earlier Aug. 2 event set for Los Angeles was postponed after headliner Jose Aldo was hurt, according to UFC’s website. International expansion costs are also crimping profit, S&P said.

Zuffa is controlled by brothers Frank and Lorenzo Fertitta, who also run Las Vegas-based Station Casinos LLC.

The research company last month lowered Zuffa’s corporate credit rating to BB from BB+. BB is the company’s second-highest, non-investment grade rating.



http://www.bloomberg.com/news/2014-1...rt-profit.html

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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by fka on Wed Nov 19, 2014 8:49 pm

Sounds about right .......primed for a BELLAFORCE buyout lmfao how great would that be? Smile

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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by PRIDE4EVER on Wed Nov 19, 2014 11:21 pm

Yes, this is great! The ship is sinking
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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by backdoor to zuffa on Thu Nov 20, 2014 1:13 am

And it is all over!

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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by God of Thunder on Thu Nov 20, 2014 3:04 am

fka wrote:Sounds about right .......primed for a BELLAFORCE buyout lmfao how great would that be? Smile
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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by Rizin=PRIDEFC on Thu Nov 20, 2014 6:21 am

Who could see that coming?
Those ungrateful fans, you put 40 cards in year with questionable main event, watered down cards in which you cant find famous name and have really bad matchmaking and they just like that stop to watch.
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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by Sweet Pea Is My Mom on Thu Nov 20, 2014 9:47 am

backdoor to zuffa wrote:And it is all over!

Very Happy

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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by nhbnews on Thu Nov 20, 2014 11:20 am

Nyuk, nyuk, nyuk.

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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by Rocksoldier84 on Thu Nov 20, 2014 12:01 pm

LEGENDMMA=PRIDEFC wrote:Who could see that coming?
Those ungrateful fans, you put 40 cards in year with questionable main event, watered down cards in which you cant find famous name and have really bad matchmaking and they just like that stop to watch.

Add a few fucks in there and I could believe that Dana White said it. I bet that's what Zuffa is thinking right now because they never make mistakes in their minds.
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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by CDF47 on Thu Nov 20, 2014 6:11 pm

Over saturated their product and competition offers equal and better events on cable vs $55 PPV.

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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by stu3ufc on Fri Nov 21, 2014 9:48 pm

fka wrote:Sounds about right .......primed for a BELLAFORCE buyout lmfao how great would that be? Smile

bellator sucks

let good fighters go and sign rejects

they aint buying shit

not even titan fc if they wanted to

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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by fka on Sat Nov 22, 2014 1:04 am

Lmao shows how much you know...

Look up viacoms financial state...
And promptly eat a big pile of shit Smile

Bellator has one if the biggest bankrolls in mma FACT.....

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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by fka on Sat Nov 22, 2014 1:04 am

Cage warriors wishes it was Titan fc lmfao Smile

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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by stu3ufc on Sat Nov 22, 2014 11:58 am

fka wrote:Cage warriors wishes it was Titan fc lmfao Smile

more people watch Cagewarriors than Titan FC on CBS

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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by stu3ufc on Sat Nov 22, 2014 11:59 am

fka wrote:
Bellator has one if the biggest bankrolls in mma FACT.....

how dare you use my own trolling against me! Rolling LMAO Rolling LMAO

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Re: Now Bloomberg saying Fertittas hit hard, profits fall 40%

Post by fka on Sat Nov 22, 2014 2:58 pm

Lmao oh stu Smile

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