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When Did Dana White Buy The UFC
Who Is Dana White?
Let’s begin to explore when did Dana White buy The UFC and more.
Dana Frederick White Jr., born On July 28, 1969, is an American businessman who is now working as the president of the Ultimate Fighting Championship (UFC), the world’s most prominent mixed martial arts (MMA) organization. The UFC has expanded into a multibillion-dollar global sensation under White’s management. White’s net worth was projected to be $500 million in August of this year.
When Did Dana White Buy The UFC?
Lorenzo and his older brother Frank bought the UFC for $2 million in January 2001, and it later became an affiliate of Zuffa. White was named president of the corporation after Dana White buy the UFC.
Does Dana White Own the UFC?
Dana White’s name is linked with the UFC, but does it mean he truly now own the company? In a nutshell, no. He is the current president of the UFC and also a stakeholder, but he is not the MMA organization’s CEO. Here’s a closer instance of the data.
Dana White contacted Bob Meyrowitz, the founder of Semaphore Entertainment Group, the main business of the UFC, since he was a manager for Tito Ortiz and Chuck Liddell, and learned that Meyrowitz was planning to sell the business. White then approached his longtime buddy Lorenzo Fertitta, a co-founder of Station Casinos, and proposed buying the stock. As an outcome, in 2001, Lorenzo and his elder brother Frank bought the UFC for $2 million, naming Dana White as president.
How did Dana White get his start in the UFC World?
Dana White is the cause that the UFC has risen to its current status. He moved to Las Vegas in the 1980s from dire circumstances in New England, and it irrevocably transformed his life. Dana White obtained a job handling fighters in Vegas after working as a boxing instructor in Boston. White had served as a director for numerous UFC fighters when the organization was still in its infancy.
Tito Ortiz and Chuck Liddell, two well-known UFC fighters, were among those coached by White. The two’s competition kept the campaign alive after it was prohibited from pay-per-view and a growing list of places around the country. However, the UFC, which Bob Meyrowitz’s Semaphore Multimedia Group owned in the first place, faced bankruptcy. White seized the once-in-a-lifetime possibility when he learned about Meyrowitz’s intention to sell the marketing.
Dana White was sure that the UFC would become a huge multinational business, but he lacked the financial means to own the brand. White spoke to a former classmate, Lorenzo Fertitta, someone he had reconnected with within Las Vegas. Fertitta was the Nevada State Athletic Commission’s chairman. He and his brother Frank were building a name for themselves with their gambling chain.
The Fertitta brothers bought the UFC outright for $2 million in 2001 they appointed Dana White in command.
Dana White’s impact on the UFC
The UFC was not worth much more when Dana White joined after all of the financial problems. His initial responsibility was to assist with the development of a set of regulations that might be used by state regulatory authorities to discipline the activity.
White was instrumental in establishing the Basic Laws of Mixed Martial Arts (MMA) in 2001, among many other achievements. The Association of Boxing Commissions (ABC) finally approved them on July 30, 2009.
Dana White buy the UFC improved the franchise’s marketing and garnered business sponsorship throughout time, resulting in a pay-per-view profit.
Likewise, Lorenzo Fertitta expanded the UFC by acquiring overseas challengers and forming broadcast relationships in France, Germany, China, and Mexico. Even after the Fertitta brothers sold the business for $4.025 billion in 2016, White remained president, and Dana White buy the UFC.