In a remarkable success story, the Fertitta brothers bought the UFC for $2 million in 2001 and sold it for $4 billion in 2016, achieving a 2,000x return. Liberty Media is now close to acquiring MotoGP for $4.4 billion, outbidding TKOGrp and others.
📰 BREAKING: #F1 owner Liberty Media intends to finalise its purchase of the #MotoGP World Championship for a figure of around €4billion 💶 Get the full story 👇 https://t.co/mCSY07SBSn
#F1 owner Liberty Media is set to finalise its purchase of #MotoGP for around €4 billion, with an announcement expected soon. Read more ⬇️ https://t.co/yhXDvldzvC
Lawyer on whether a Liberty Media/@MotoGP deal would pass antitrust scrutiny: "I’d be very surprised if competition regulators didn’t look at it. The question is, has the market changed [since CVC Capital had to divest MotoGP as part of buying F1 in 2006]?"https://t.co/qNNjLcLhJG
.@TKOGrp, the @Endeavor-controlled owner of @UFC and @WWE, also bid for @MotoGP but was beat out by Liberty Media, per @FT. https://t.co/qNNjLcLhJG
Formula 1 owner Liberty Media is closing in on a $4.4 billion deal to buy @MotoGP, per @FT. https://t.co/qNNjLcLhJG
"Multiple sources tell RACER that NASCAR has been actively pursuing the 50-percent stake in the Long Beach race ... that became available for acquisition last year by the estate of the late businessman Kevin Kalkhoven." - @RACERmag https://t.co/dZA9vS0bFQ
In 2001, the Fertitta brothers bought the UFC for a bargain price of $2M In 2016, they sold the UFC for $4 billion That's an incredible 66% CAGR and a 2,000x return not counting any income earned during their ownership This is a rare case of a successful SMB deal b/c most end… https://t.co/zoLL2WXX5G
I borrowed £40,000 and quit my job to start MMA promotion… now it’s worth over £100m and selling out football stadiums https://t.co/YABZseDSH2