UFC (Zuffa) Purchases Strikeforce?

Page 2 of Originally Posted by 5wide What did they say initially when they purchased PRIDE? http://sports.espn.go.com/sports/news/story?id=2814235 Here is an art... 19 comments | 894 Views | Go to page 1 →

  1. #16

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    Quote Originally Posted by 5wide View Post
    What did they say initially when they purchased PRIDE?
    http://sports.espn.go.com/sports/news/story?id=2814235

    Here is an article. Two quotes stand out to me.

    "To buy the company, the brothers created a new entity called Pride FC Worldwide Holdings LLC. The newly formed company will take over Pride assets, including its trademarks, video library and valuable roster of fighters, from Dream Stage. The Fertitta brothers, who own Las Vegas-based Zuffa LLC, the parent company of UFC, intend to keep the well-known Pride name and promote fights under that brand."

    This is what they are doing with Strikeforce- sounds similar, no worries.

    ""This is really going to change the face of MMA," Lorenzo Fertitta said. "Literally creating a sport that could be as big around the world as soccer. I liken it somewhat to when the NFC and AFC came together to create the NFL."

    The deal allows the Fertitta brothers to broker the biggest MMA fights possible in the near future, increasing their influence in this sports entertainment business.

    "We will be able to literally put on the fights that everyone wants to see," Lorenzo Fertitta said. "It will allow us to put on some of the biggest fights ever."

    In the past, there has been at least one case in which Pride and UFC couldn't hammer out a deal to put their top fighters in the ring together. With Pride in their pocket, the Fertitta brothers intend to ensure that never happens again.


    This is where they are differing, IMO. When Pride was purchased, the UFC looked to make the best possible fights with their new acquisitions as soon as possible. Based on what Dana said, they will not try to do any fights between current Strikeforce guys and current UFC guys. I am not sure what the time frame is on the contracts running out with Strikeforce TV partners, but I am guessing when those expire the UFC will dissolve Strikeforce and merge them into the UFC. I just do not understand why, if you control the fighters contracts, you would not make some fights right away- specifically when you have Diaz and Melendez as two of the best in the world in their respective weight classes.

    For instance, when the UFC bought World Fighting Alliance at the end of 2006, they had Rampage fight Chuck in May of 2007. They had Dan Henderson and Mirko Cro Cop on cards in August of 2007 when the Pride purchase was announced in March of 2007 (both guys were Pride guys, I believe). Shogun fought in September of 2007 (he was a Pride guy, too, I believe). I am not sure why you would wait much longer than a few months to construct the cards and give fighters a chance to prepare.

    There is more to this than we know, obviously. Long term, this can not be a bad thing for the UFC or MMA fans- this will lead to great cards down the road and more shows on both cable and network TV, IMO.
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  2. #17

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    When the UFC bought WFA I think the only reason they did it was for the contracts of Rampage and I think Machida. They never planned on keeping WFA going so thats why they fought in UFC right away. When they bought Pride they planned on keeping it running along with UFC but couldnt get a TV deal in Japan and the company was just too screwed up to fix. Sounds like they are just going to keep Strikeforce going like they planned to do with Pride but this time Strikeforce already has a good tv deal and the company itself isnt a mess. Not really sure why they bought Strikeforce if thats what they are going to do with it, maybe they just didnt want ProElite to buy SF, they were in talks to buy it before the UFC swooped in and got the deal done.

  3. #18

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    I just watched Inside MMA on HDNet and they had an hour long special on the purchase. It sounds like the big money behind Strikeforce (the owners of the Sharks in the NHL) were ready to sell. This deal happened so fast that most fighters in the organizations had not heard rumors about it. I would bet that the UFC pulled a George Stienbrenner and offered a hefty sum of dough and the guys behind Strikeforce agreed in principle as soon as they heard the UFC offer (I have not heard any numbers, but I am willing to bet it was at or near double the Pride purchase, which was $70 million). Dana and Scott Coker have both said that they have not spoken to Showtime at the time they were interviewed, which I assume was last weekend or early this week. That amazes me that you would agree if you are the UFC without knowing the future of the Showtime deal, but I would think that is why Dana has been emphasizing that Strikeforce will run as normal- he does not want to jeopardize in any way the partnership with Showtime and Scott Coker's connections to CBS and in Japan. Dana said this move was looking toward global expansion, so I bet Strikeforce becomes the global arm for UFC and starts putting on shows in the new markets; Dana specifically mentioned China, India and Korea.

    Obviously, we still do not have all the info, but based on what I heard from the guys involved in the purchase, this is what I was able to gather about the purchase. Long term, this is going to be great for MMA fans. Short term, I think this opens the door for another competitor with a good model for operation, like Bellator, King of the Cage or MFC, to scoop up some guys and make a little hay. Ultimately, I can not see how the UFC does not extend their dominance over MMA even further- they control almost every top 10 fighter at any weight class or in any division in the world right now. They can offer more challenges and money to any young up and coming fighters than any other organization. Plus, add in the new connections in TV and new markets and this deal looks like the monster that I thought it was initially.This is going to be great for fight fans!

  4. #19

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    Dana said in an interview that if they were going to keep expanding the globe that they needed more fighters and buying up Strikeforce not only gives you that but it gives you quality fighters as well. I havent heard a number on what they paid for SF but I have a hard time believing that it was any where near what they paid for Pride let alone double that amount. Strikeforce isnt anywhere near the level Pride was when they bought it. UFC has and probably will continue to make a lot of money on the Pride video library alone.

  5. #20

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    Quote Originally Posted by NHS BIG DADDY View Post
    Dana said in an interview that if they were going to keep expanding the globe that they needed more fighters and buying up Strikeforce not only gives you that but it gives you quality fighters as well. I havent heard a number on what they paid for SF but I have a hard time believing that it was any where near what they paid for Pride let alone double that amount. Strikeforce isnt anywhere near the level Pride was when they bought it. UFC has and probably will continue to make a lot of money on the Pride video library alone.
    Let me be clear- I do not think Strikeforce is worth twice as much, but the number had to be ridiculous in order for Strikeforce to agree in principle so quickly. That is why I threw out that crazy amount.

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