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Shane McMahon's possible Role in the UFC
New article from bloodyelbow.com about this...
Dana F'in' White made an announcement several months ago that the UFC was seeking a financing deal with another partner. "Finance" meaning an investment to the tune of $100 million in cold cash. How much input would the new partner have? Nada. Zilch. Zero.
I find it difficult to believe that someone with as much swag as Shane O' Mac would simply accept a role as a go'fer, after paying $100 million to buy into the company.
Who knows, anything's possible. Maybe Shane is that sick of the 'E.
his dad is mostly a self made billionaire.... maybe shane wants to prove he can do it also?
Pride is a deadly thing.
NoDQ.com > UFC > Dana White Talks About Selling Part Of UFC
Posted by Randy Gordon on 10/21/2009 at 02:14 PM
Dana White talks to Kevin Iole at Yahoo Sports about how he felt presured during his appearance on Bloomberg to say he'd sell a stake in the UFC:
“This is [expletive] bad; it’s not what I said. Here’s the bottom line: Basically, it was a longer story and he kept asking if we would sell this thing or not. I kept saying ‘No. No, we won’t sell it,’ and I’d go through this whole [expletive] thing about how we’re all 40 years old and we’re young and we’re the visionaries for this thing. We know where we’re taking this thing. We know where it’s going. We have no interest in selling it. And going public? We don’t need the [expletive] money. You go public when you want to raise cash. You raise capital to do something bigger. We don’t want to do that. We’re not looking to do that. He kept [expletive] pushing and pushing. He said, ‘OK, hypothetically speaking, would you ever sell a piece of it?’ I said, ‘I guess we’d sell a tiny little piece. We’d probably sell a tiny little piece.’ But, here’s the thing: I want it to be known that this guy kept pushing me and pushing me. I said ‘No, we wouldn’t go public. No, we wouldn’t sell it.’ At the end of the day, we’re the guys who are driving this thing. We have the vision. We know where we want to take this thing. We’re not interested in selling a piece of this to anybody. Me, Frank and Lorenzo are the three owners. We have an awesome relationship. Everything runs smoothly. It’s perfect. And for us to even offer somebody a piece, it would be the biggest compliment in [expletive] history because they’d have to be a serious strategic partner. It’s the only [expletive] way we’d do it.”
Once again, the UFC is not actively seeking any outside investors.
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