UFC 151 Cancellation Was at Least a $40 Million Hit for All Parties Involved - Page 3 - MMA Forum - UFC Forums - UFC Results - MMA Videos
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Old 09-08-2012, 03:03 PM   #21 (permalink)
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Originally Posted by Liddellianenko View Post
More exaggerated nonsense and hysteria. If we're counting "potential" PPV buys as losses, might as well count potential lottery wins.

The UFC didn't incur most of the actual costs of hosting the event i.e. venue, lighting, crew, fighter pays, bonuses, telecasting etc. They have no right to count PPVs without even hosting the event, just because they marketed it for a few million. That's a business risk THEY took, marketing such a top heavy card. Apart from that they didn't actually spend anything on creating the actual product and yet they want to count it's revenue?


It's like me saying, I THOUGHT about making a million dollar painting and had a buyer lined up, but then I thought naaah lets not, too much work. But I'd still like my million bucks please! It's my right!

And even if they did, what a shame. The poor multi-billion $ corporation actually taking a relatively tiny hit for it's OWN decisions. I say in the spirit of America, we need to line up some middle class schlobs to bail the poor hapless corporation out, Dana needs at least one more solid gold toilet seat for his poodle's bathroom.
Most of that stuff would already have been paid for, or contracts signed for (such as use of venue) prior to the event.

I doubt they would have recouped any costs that close to the event.
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Old 09-08-2012, 03:41 PM   #22 (permalink)
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Its funny that people are saying "The UFC cant count the cost of POTENTIAL PROFITS"


Ofcourse they can...

You think 1 week away from the FIGHT the UFC didnt have a good idea of how much money they are going to make off this event???? You think they havent held enough events to know how much money they are going to make from the event??? Ofcourse they did. And ofcourse they pretty much figured all that money was in their bank already. When the UFC 151 got cancelled all those "expected earnings" went with it. The event didnt get pushed back... the event was scrapped. So all that money they were going to make is money they lost.

Think of it as

If i have 20 "projects" each year and each of those project bring me a certain amount $$$$. Each project has its own date and i have an idea of how much money im going to make from each project. I go out and buy supplies for the next project so i could finish it and make my paycheck which is around 200k. But after i buy all the supplies for my next project i get a phone call that the project for whatever reason is cancelled. Now instead of 20 projects that year i have 19 projects and i make 200k$ less that year then i normally would have.

That right there is a LOSS from the project being cancelled. I expected to make that money but never did.
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Old 09-08-2012, 05:42 PM   #23 (permalink)
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Nope, the only real loss is in the money which you already had and which you invested. The expected gain is only a virtual loss. You cannot lose something which you don't already have. It's just an unfulfilled expectation.
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Old 09-08-2012, 05:54 PM   #24 (permalink)
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You shouldnt even have to explain that shit Of course they lost out.
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Old 09-08-2012, 06:16 PM   #25 (permalink)
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lol of course its a loss, UFC doesnt plan things on a PPV by PPV basis they have plans laid out for YEARS and guess what in those plans they already include money from PPVs, they already have an average of how much they should make each year with X number of PPVs and now that they lost one PPV this is a pain in the ass because they did LOSE that money they counted on and planned things around it

it wont break the UFC or anything obviously but its a huge pain in the ass and im sure they will NEVER cancel another event
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Old 09-10-2012, 02:56 AM   #26 (permalink)
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Old 09-10-2012, 02:59 AM   #27 (permalink)
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Quote:
Originally Posted by Killz View Post
Most of that stuff would already have been paid for, or contracts signed for (such as use of venue) prior to the event.

I doubt they would have recouped any costs that close to the event.
Apart from venue, i highly doubt they prepay anything like fighter payouts, camera crew, broadcasting etc. And being as big a client as they are, i wouldnt be surprised if they managed to ink out very lenient or favorable venue etc. Contracts as well.

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Originally Posted by SideWays222 View Post
Its funny that people are saying "The UFC cant count the cost of POTENTIAL PROFITS"


Ofcourse they can...

You think 1 week away from the FIGHT the UFC didnt have a good idea of how much money they are going to make off this event???? You think they havent held enough events to know how much money they are going to make from the event??? Ofcourse they did. And ofcourse they pretty much figured all that money was in their bank already. When the UFC 151 got cancelled all those "expected earnings" went with it. The event didnt get pushed back... the event was scrapped. So all that money they were going to make is money they lost.

Think of it as

If i have 20 "projects" each year and each of those project bring me a certain amount $$$$. Each project has its own date and i have an idea of how much money im going to make from each project. I go out and buy supplies for the next project so i could finish it and make my paycheck which is around 200k. But after i buy all the supplies for my next project i get a phone call that the project for whatever reason is cancelled. Now instead of 20 projects that year i have 19 projects and i make 200k$ less that year then i normally would have.

That right there is a LOSS from the project being cancelled. I expected to make that money but never did.
As a business the ufc has to account for uncertainty in their projections. What if it was bones that got injured instead of henderson? Like most of the other champs seem to be doing on a regular basis. You think a hendo vs hamill main event would have sold anything more than 200k with that shit card?

All the people whining about jones screwing dana and the ufc over seem to be forgetting that bones has been the most active ufc champ in the last year. Possibly the most active champ in all of ufc history. And consistently put on exciting fights and finishes for the same whining entitled fans that are lynching him.

This guy has sold more ppvs in the last year than any two other champs combined. He doesn`t owe the ufc shit, they're still busy scooping up the money from his last 3 defenses. The ufc owes him better than this public humiliation and scapegoating for their own decisions and fighters hiding injuries.
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Old 09-10-2012, 03:52 AM   #28 (permalink)
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If Jones had been injured instead of Hendo then UFC151 would still have gone ahead and the losses would have been significantly less.
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Old 09-10-2012, 04:30 AM   #29 (permalink)
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In my experience, cancelling jobs late means losing percentages not your total spending. Some of the camera crews ive worked with demand 30% of the job cost if cancelled in the last 2 weeks. Basically, 30% would be their profits once all their costs are taken out. In other words, if the show is cancelled, they still make their profits. This 30% has usually been dropped as a deposit.

Same goes for the venue. They might get ( for example ) 1 million from the UFC to run the event, but 700k of that is their own expenses for the night. If the event is cancelled, why would the venue demand 100% considering they also have zero expenses for the evening. In this instance, the UFC would be obliged to pay 300k not 1 million.

So, while I agree the UFC has taken a hit, I highly doubt they are counting the total cost of losing a whole show. eg. 40 million dollar.
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Old 09-10-2012, 04:16 PM   #30 (permalink)
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If Jones had been injured instead of Hendo then UFC151 would still have gone ahead and the losses would have been significantly less.
And? The point is that it's still "uncertain" income, something the ufc can no longer count on nowadays with all champ injuries. The ufc cant count it as certain income, and in their projections they have to account for that uncertainty.

If jones has given a slight hiccup, he has put FAAAR more money in their already overflowing pockets with his level of activity and amazing performances than any other fighter in the last year.

This is whats so wrong with america today. There are a thousand knights in shining armor out to save the poor fat corporate damsels in distress, but employees need to be nameless ambitionless cogs that are "selfish" for looking out for themselves and their families, even within all their legal rights.

The multi-billion dollar corporation pays guys $4000 for getting their heads knocked off? Lay off! Its a business not a charity. Big bald white don king deserves every penny for all his hard work in the air conditioned office and afterparties. THEY HAVE PROJECTIONS! That money is sorely needed!

Fighter puts on the most amazing win streak in history with years of blood and sweat. He finally signs a nike contract and refuses to take a completely senseless last minute fight from a loud cheating asswipe? How dare he? How DARE he refuse to make the poor damsel another 20 million after already making them 100 million. Selfish prick. This is a SPORT, not a business dammit. Rabble rabble rabble!
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