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Old 01-08-2010, 04:01 PM   #1 (permalink)
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Breaking: Percentage of UFC Sold to Sheik Tahnoon Bin Zayed Al Nahyan

http://www.bloodyelbow.com/2010/1/8/...of-ufc-sold-to

http://fiveouncesofpain.com/2010/01/...-of-abu-dhabi/

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A very big development for the UFC is announced by Five Ounces of Pain:

Quote:
FiveOuncesofPain.com has recently received reports from multiple sources extremely close to the situation indicating that the UFC has recently sold a minority percentage of the company to Sheik Tahnoon Bin Zayed Al Nahyan, the son of the former United Arab Emirates president Sheikh Zayed bin Sultan Al Nahyan.

Sheik Tahnoon is well known throughout the grappling community as the founder of the no-gi submission Olympics, the Abu Dhabi Combat Club. Himself a Brazilian Jiu-Jitsu black belt under Renzo Gracie, Shiek Tahnoon has been a long time supporter and practitioner of Jiu-Jitsu.
They go on to explain that the deal has been worked on for quite some time, even tying some old tweets from Dana back into the story (for example: In morocco to bust lee murray out!!!!! ).

It also turns out that Sheik Tahnoon's BJJ instructor had a lot to do with the deal getting done:

Quote:
5 Oz. has been further notified by several sources that have indicated that Sheik Tahnoon’s Brazilian Jiu-Jitsu instructor, Renzo Gracie, played a key role in brokering the deal between the two parties. We have been further informed that key components of the deal included Gracie’s signing by the UFC, along with the Renzo’s participation against Matt Hughes in Abu Dhabi.
All we know right now is that the sale was a minority stake, not the full percentage nor do we know if Sheik Tahnoon will have any involvement in any of the day-to-day operations of the promotion.

More details are likely to emerge in the coming days and Bloody Elbow will be here to bring them to you.
Pretty big development imo. Whats your thoughts?
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Old 01-08-2010, 04:09 PM   #2 (permalink)
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I am curious as to why the UFC would do this, dont they have a big revenue as it is?? what does selling a minority percentage give the UFC , especially to this guy.
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Old 01-08-2010, 04:13 PM   #3 (permalink)
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Fiveouncesofpain.com article below.

http://fiveouncesofpain.com/2010/01/...-of-abu-dhabi/

Quote:
FiveOuncesofPain.com has recently received reports from multiple sources extremely close to the situation indicating that the UFC has recently sold a minority percentage of the company to Sheik Tahnoon Bin Zayed Al Nahyan, the son of the former United Arab Emirates president Sheikh Zayed bin Sultan Al Nahyan.

Sheik Tahnoon is well known throughout the grappling community as the founder of the no-gi submission Olympics, the Abu Dhabi Combat Club. Himself a Brazilian Jiu-Jitsu black belt under Renzo Gracie, Shiek Tahnoon has been a long time supporter and practitioner of Jiu-Jitsu.

With a current estimated population of 896,75, Abu Dhabi is the second largest city of the United Arab Emirates. Abu Dhabi currently possesses 9% of the world’s proven oil reserves and nearly 5% of the world’s natural gas. In 2007 Fortune Magazine named Abu Dhabi as the single richest city in the world.

Many of you will remember UFC President Dana White posting the following message on August 3 of 2009:

Quote:
Been on a plane for 20 hours. Just landed in abu dhabi!!!
Of course this was the message that raised the eyebrows of many in regards to attempting to decipher exactly what had caused the UFC figurehead to make a trip to such a distant and seemingly unlikely location.

Perhaps Dana was negotiating to have some of his athletes take part in the upcoming ADCC in Barcelona, Spain, which was scheduled for late September. As a matter of fact, several notable fighters from both the UFC and WEC had been listed to compete in the tournament before all of the names from the promotion were removed from the bout list in the days leading up to the event.

It wasn’t until the first of November when we heard anything new on the UFC/Abu Dhabi front, and this time it was Zuffa CEO Lorenzo Fertitta making the return trip to wealthy Middle-Eastern city, who tweeted the following during his stay:

Quote:
Here in abu dhabi with renzo gracie. Do you want him to fight in the ufc?
Then it was the UFC 105 post-fight press conference on November 14 when White went even more into detail on the circumstances surrounding his and Fertitta’s recent trips to Abu Dhabi, stating, “We’re sending some of our crew there tomorrow. They’re flying out of here in the morning, and it looks like we’re going to do a fight in Abu Dhabi. That’s what we’re trying to do.

“We’re trying to figure out how this thing we’ll work. I don’t have a deal, but I’m pretty confident that we’re going to make one.

“I really don’t have any details other than that we’re working on it, and we’re confident that it will happen. I like Abu Dhabi. It’s a pretty cool place.

“Obviously, everybody knows Shiek Tahnoon is a huge jiu-jitsu guy. He’s a Renzo Gracie black belt. He’s very into jiu-jitsu.”

Skip ahead to December 2 and this time it was both Dana and Lorenzo who chose to take a brief getaway to Morocco of all places to meet up with Sheik Tahnoon where the pictures seen below were taken.

White jokingly played at freeing an incarcerated former UFC fighter from a local prison during the trip in this tweet:

Quote:
In morocco to bust lee murray out!!!!!
Of course FiveOuncesofPain.com has received information from several sources indicating that the trip had little to do with busting Murray out of jail, and everything to do with a major deal between the UFC and Sheik Tahnoon.

A week later the UFC president had this to say in regards to his recent trip to Morocco in an interview with MMAFanhouse.com, “We were doing a deal out in Morocco. What I was in Velenzuela for is top secret.”

5 Oz. has been further notified by several sources that have indicated that Sheik Tahnoon’s Brazilian Jiu-Jitsu instructor, Renzo Gracie, played a key role in brokering the deal between the two parties. We have been further informed that key components of the deal included Gracie’s signing by the UFC, along with the Renzo’s participation against Matt Hughes in Abu Dhabi.

FiveOuncesofPain.com has made multiple attempts to contact the UFC regarding this situation but have yet to hear back from the promotion. We will keep you up to date as soon as we receive any type of official comment from the UFC.
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Old 01-08-2010, 04:39 PM   #4 (permalink)
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Maybe all world ABCC champs and contenders will automatically be assimilated into the UFC roster?
B2B...as in business to business. Also it's their ticket into the middle east. What other MMA organization has been able to infiltrate into the global market at the scope they have. Still it's strange how they would sell cuz we all know they have enough deep pockets to completely buy it out...
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Old 01-08-2010, 04:48 PM   #5 (permalink)
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This is a good thing for the UFC. They sold a stake in the company to raise cash and get to the next level (ie improve their market shares in NA/UK and go after new markets).


Toroian I had to delete your post because it didn't contribute anything to the discussion and will only derail the thread. Ftr racial slurs of any kind aren't tolerated on this forum. Please stick to the topic.
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Old 01-08-2010, 05:45 PM   #6 (permalink)
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wow, didn't see that coming. Knowing the UFC's reputation there is no way this guy will be calling any shots though.

If it gets them the money they need to take the sport to the next level, then I'm all for it.

edit: anyone else think its funny that part of the deal was Renzo getting a shot at avenging Royce's loss to Matt Hughes. Those Gracies will never change
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Old 01-08-2010, 05:49 PM   #7 (permalink)
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Dana White is a hypocritical piece, I'll tell 'ya. First, it was, "We know where we want this company to be, and we're not selling a stake to anyone," to "We've just sold out to some Sheik."

I'm so tired of Dana being so hypocritical about everything.
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Old 01-08-2010, 05:52 PM   #8 (permalink)
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Dana did actually mention somewhere (possibly a video blog) that the UFC were looking to sell a minority stake in the company a good few months back.
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Old 01-08-2010, 06:05 PM   #9 (permalink)
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In the building.....Notice who he sold it to and dont think there isnt a reason for that.....
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Old 01-09-2010, 12:16 AM   #10 (permalink)
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Originally Posted by UrbanBounca View Post
Dana White is a hypocritical piece, I'll tell 'ya. First, it was, "We know where we want this company to be, and we're not selling a stake to anyone," to "We've just sold out to some Sheik."

I'm so tired of Dana being so hypocritical about everything.
if those quotes were real, you might have a point. as I see it, he said earlier that they were not about to sell the UFC. a minority share can be 1/1000th of a percent. that's not much of a hypocrisy, to me.
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