UFC 151 Cancellation Was at Least a $40 Million Hit for All Parties Involved - Page 4 - MMA Forum - UFC Forums - UFC Results - MMA Videos
UFC The Ultimate Fighting Championship (UFC) is a U.S.-based mixed martial arts organization, recognized as the largest MMA promotion in the world. The UFC is headquartered in Las Vegas, Nevada and is owned and operated by Zuffa, LLC. This promotion is responsible for solidifying the sport's postion in the history-books. UFC is currently undergoing a remarkable surge in popularity, along with greater mainstream media coverage. UFC programming can now be seen on FOX, FX, and FUEL TV in the United States, as well as in 35 other countries worldwide.

Reply

Old 09-11-2012, 01:19 AM   #31 (permalink)
All Around Nice Guy
Image and video hosting by TinyPic
 
SideWays222's Avatar
 
Join Date: Sep 2008
Posts: 10,760
SideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings System
Quote:
Originally Posted by Liddellianenko View Post
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.



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.
Quote:
Originally Posted by Killz View Post
If Jones had been injured instead of Hendo then UFC151 would still have gone ahead and the losses would have been significantly less.
This...

A show with 200k ppv buys is better then no show.


And im sure they account for losses. Doesnt change the fact that it is a loss.
SideWays222 is offline   Reply With Quote
Sponsored Links
Advertisement
 

Old 09-11-2012, 04:16 AM   #32 (permalink)
KO artist
 
Liddellianenko's Avatar
 
Join Date: Oct 2006
Location: Iowa
Posts: 4,281
Liddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings System
Quote:
Originally Posted by SideWays222 View Post
This...

A show with 200k ppv buys is better then no show.


And im sure they account for losses. Doesnt change the fact that it is a loss.
And that doesnt change the fact that overall jones has been a massive profit for the ufc, and a "company man" fighting 4 times a year at a time when the other big champs were injured, bored, talking about retirement, boxing, putting on pointfighting snoozefests and so on.
Liddellianenko is offline   Reply With Quote
Old 09-11-2012, 07:31 AM   #33 (permalink)
All Around Nice Guy
Image and video hosting by TinyPic
 
SideWays222's Avatar
 
Join Date: Sep 2008
Posts: 10,760
SideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings SystemSideWays222 Is Beyond A Rankings System
Quote:
Originally Posted by Liddellianenko View Post
And that doesnt change the fact that overall jones has been a massive profit for the ufc, and a "company man" fighting 4 times a year at a time when the other big champs were injured, bored, talking about retirement, boxing, putting on pointfighting snoozefests and so on.
And?? your point??

he gets a pass??? got it.
SideWays222 is offline   Reply With Quote
Old 09-11-2012, 07:39 AM   #34 (permalink)
Featherweight
 
The Best Around's Avatar
 
Join Date: Oct 2011
Posts: 1,379
The Best Around Is True Champion Of KnowledgeThe Best Around Is True Champion Of KnowledgeThe Best Around Is True Champion Of KnowledgeThe Best Around Is True Champion Of KnowledgeThe Best Around Is True Champion Of KnowledgeThe Best Around Is True Champion Of KnowledgeThe Best Around Is True Champion Of KnowledgeThe Best Around Is True Champion Of KnowledgeThe Best Around Is True Champion Of KnowledgeThe Best Around Is True Champion Of KnowledgeThe Best Around Is True Champion Of Knowledge
Don't bother arguing with Sideways, he just stalks all the Bones threads trying to bash him for fun. Bones has done so much for the UFC, although that doesn't excuse him here. However, if Hendo spoke up two weeks earlier, I believe Bones/Belfort would have happened at 151.


Sent from my iPhone using VS Free
__________________
The Best Around is offline   Reply With Quote
Old 09-11-2012, 08:01 AM   #35 (permalink)
KO artist
 
Liddellianenko's Avatar
 
Join Date: Oct 2006
Location: Iowa
Posts: 4,281
Liddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings SystemLiddellianenko Is Beyond A Rankings System
Quote:
Originally Posted by SideWays222 View Post
And?? your point??

he gets a pass??? got it.
Yes. Everyone else did apparently.
Liddellianenko is offline   Reply With Quote
Old 09-11-2012, 08:44 AM   #36 (permalink)
Bantamweight
 
DanTheJu's Avatar
 
Join Date: Mar 2007
Location: Hurricane Alley (Daytona)
Posts: 952
DanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level now
Quote:
Originally Posted by rabakill View Post
If Zuffa was publicly traded Jon Jones would probably be kicked out of the UFC forever for how badly of an effect cancelling an event had.
If the UFC was publicly traded he would be kicked out? What are you talking about? Do stock holders have some magical ability to pick and choose employees? And besides, this was a management failure, not an employee failure. If an entire business depends on a single employees decision, the business was never set up properly!

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.
I agree with that. There are a few costs that would not be charged, but much of it would be.

Quote:
Originally Posted by Liddellianenko View Post
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.
I would not think this to be true at all. The only places they probably get a break on expenses is the venue if it is owned by Station Casinos. Other than that, no reason to give them a price break.

I own a TV production company, we charge our LARGE, repeat clients the same as the small occasional clients. There is no reason to believe, for me at least, that any of their vendors would behave any differently.

Quote:
Originally Posted by Soojooko View Post
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.
In my experience this is close to true, and completely depends on how far out the people where notified. For some, 30% is not enough. Lets take the camera operators for example. These guys are flown in from around the country (UFC uses the same guys for every show) a day or 2 in advance. They are paid for every day they are there and every day they spend traveling for the UFC. Now, the camera operators have 0 expenses to cover, so they would require 100% pay because they were contracted to work that many days and can not replace that work that close to the day of. Many of the contractors would have the same deals.

Contracts like the venue may only ask a percentage, but again, all depends on the contract and amount of cancellation time built in.

Quote:
Originally Posted by SideWays222 View Post
And?? your point??

he gets a pass??? got it.
What is he getting a pass for? He was willing to live up to his contract! He made a smart business decision. The UFC brass messed this one up!

Quote:
Originally Posted by Liddellianenko View Post
Yes. Everyone else did apparently.
Agreed!
__________________
-------------------
Dan The Ju
-------------------
DanTheJu is offline   Reply With Quote
Old 09-11-2012, 09:53 AM   #37 (permalink)
BEWARE OF THE PENGUIN!
 
No_Mercy's Avatar
 
Join Date: Oct 2006
Posts: 10,391
No_Mercy Is Future HOF MaterialNo_Mercy Is Future HOF MaterialNo_Mercy Is Future HOF MaterialNo_Mercy Is Future HOF MaterialNo_Mercy Is Future HOF MaterialNo_Mercy Is Future HOF MaterialNo_Mercy Is Future HOF MaterialNo_Mercy Is Future HOF MaterialNo_Mercy Is Future HOF MaterialNo_Mercy Is Future HOF MaterialNo_Mercy Is Future HOF Material
To clarify the UFC probably lost several million in hard costs. The $40 million figure is potential earnings which is not speculation. Having run 151 events consecutively has proven that. Sure it's not fair to displace the onus on anyone, but the bottomline was only one man had the key to save the event in that given circumstance. The only other time I've seen this was Barnett vs Fedor and that had a colossal impact on Affliction.

I can see it already. The LHW title holder beats Vitor then people will say he was smart to refuse the fight against Chael. Flip side if the underdog prevails, you know the boards and entire MMA industry will be unrelenting and unyielding.

With crazy odds had to place a bet on "The Phenom." Now we all get to wait another week to see how this unravels. The moment you've all been waiting for...WE ARE LIVE!!!!!!!!!
in Toronto, Canada at the Air Canada Centre!

Vitor show me the money!
__________________
Marcus Aurelius: Tell me again, Maximus, why are we here?
Maximus: For the glory of the Empire, sire.

Baked, not fried... the healthy choice.

No_Mercy is offline   Reply With Quote
Old 09-11-2012, 11:30 AM   #38 (permalink)
Bantamweight
 
DanTheJu's Avatar
 
Join Date: Mar 2007
Location: Hurricane Alley (Daytona)
Posts: 952
DanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level nowDanTheJu is on another level now
Quote:
Originally Posted by No_Mercy View Post
The only other time I've seen this was Barnett vs Fedor and that had a colossal impact on Affliction.
While the fight being canceled was bad for Affliction, bad business practices are what really put them out of business! They were spending far more money per event than they were bringing in!
__________________
-------------------
Dan The Ju
-------------------
DanTheJu is offline   Reply With Quote
Old 09-11-2012, 12:32 PM   #39 (permalink)
Super Heavyweight
 
slapshot's Avatar
 
Join Date: May 2007
Location: Montucky
Posts: 4,986
slapshot Is Beyond A Rankings Systemslapshot Is Beyond A Rankings Systemslapshot Is Beyond A Rankings Systemslapshot Is Beyond A Rankings Systemslapshot Is Beyond A Rankings Systemslapshot Is Beyond A Rankings Systemslapshot Is Beyond A Rankings Systemslapshot Is Beyond A Rankings Systemslapshot Is Beyond A Rankings Systemslapshot Is Beyond A Rankings Systemslapshot Is Beyond A Rankings System
If the UFC was publicly traded or ran by a board, IMO Dana White would have been canned before anyone else.

I'm sure there are top executive's at Pepsi that don't like mountain dew but you're never going to hear them hold a press conference to explain why they don't like it or why they think it tastes like ass.
__________________
"I fear no man, but Jim Harrison and Mike Stone are the two last men that I would wish to meet in an alley fight. Jim Harrison's fighting style is not flamboyant or spectacular, it's just simple and deadly!" - Bruce Lee sakurabushidokan.homestead.com
slapshot is offline   Reply With Quote
Old 09-11-2012, 12:38 PM   #40 (permalink)
The Fun Police

 
Killz's Avatar
 
Join Date: Oct 2009
Location: UK... Where the sun never shines.
Posts: 10,373
Blog Entries: 1
Killz Is A God Among MenKillz Is A God Among MenKillz Is A God Among MenKillz Is A God Among MenKillz Is A God Among MenKillz Is A God Among MenKillz Is A God Among MenKillz Is A God Among MenKillz Is A God Among MenKillz Is A God Among MenKillz Is A God Among Men
I love it when people bash Dana.

Name me 1 person ever who has done more for MMA than Dana White and the Fertitas.
__________________


"You see a mousetrap and I see free cheese and a f**king challenge" ~ Scroobius Pip

My Super FFL Team That Most Definitely Isn't Going to Come 2nd Last This Year!
Jose Aldo Carlos Condit Hector Lombard Edson Barboza Anthony 'Rumble' Johnson
Killz is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On

VerticalSports
Baseball Forum Golf Forum Boxing Forum Snowmobile Forum
Basketball Forum Soccer Forum MMA Forum PWC Forum
Football Forum Cricket Forum Wrestling Forum ATV Forum
Hockey Forum Volleyball Forum Paintball Forum Snowboarding Forum
Tennis Forum Rugby Forums Lacrosse Forum Skiing Forums
Copyright (C) Verticalscope Inc SEO by vBSEO 3.3.2
Powered by vBulletin Copyright 2000-2009 Jelsoft Enterprises Limited.
vBCredits v1.4 Copyright ©2007, PixelFX Studios