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post #20 of (permalink) Old 04-23-2013, 09:13 AM
SmackyBear's Avatar
Join Date: Feb 2008
Posts: 994
Originally Posted by John8204 View Post
They were making 30 million a year when they sold to the UFC. The investors just decided to take the money and run.
The $30M figure is correct, but it was revenue, not profit.

I'm not saying they were 100% losing money, but EliteXC spent $32M in one year (2007) with fewer shows (eight) and far fewer fighters.

Some people think that they can convey either a philosophy on life or a complex political statement using a signature on the internet. I'm not one of them.
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