The parent company of the UFC goes public.
According to a report by The Hollywood Reporter, entertainment conglomerate Edeavor (EDR) filed a filing with the Securities and Exchange Commission on Thursday afternoon.
According to a form on the SEC's web site, the company led by Ari Emanuel and Patrick Whitesell achieved sales of $ 3.61 billion in 2018, with adjusted net income of $ 100.1 million. The report also indicated that Endeavor's revenue increased dramatically between December 2016 and 2017, "mainly due to the impact of the UFC acquisition, increased media rights revenues, and a higher number of events and increased sponsorship activities at these events."
In addition, some potential risks have been outlined, including the possibility of being "sued for alleged long-term neurocognitive impairment due to concussion" as well as collective bargaining:
It should also be noted that the form contained the current class action lawsuits against the UFC:
"UFC is currently being named in five related group classes, but has filed a lawsuit for violating Section 2 of the Sherman Antitrust Ac t from 1890 by monopolizing the alleged market for professional elite MMA athlete services. Failure to resolve these issues positively may adversely affect our business, operating results and financial condition. "