why would elitexc spend 55 million on only 4 events and some on a 5th. is the promoters that stupid, thats like 10 million per event and you know the fighters only got a small amount of that. so here the hell did the rest go?
http://sports.yahoo.com/mma/news?slug=dm-elitexc102008&prov=yhoo&type=lgns
thoughts?
cruize - thats like 10 million per event and you know the fighters only got a small amount of that. so here the hell did the rest go?
Probably to Dana White that greedy bastard!
That's why its called building a business...they should have had a 5 year plan...not a 2 year one...and actually build a business.
Monsters Ball - They bought other orgs also like KOTC, Cage Rage and ICON Sport. That probably ate up a good chunk.
So what happens to these other orgs. now? Will they continue on under their own names, or does this put them out too?
Umm... nevermind, it was answered in Elvis' "so what happens with..." thread.
kanotoa - Dot Bomb business plan
LOL! Dot Bomb Diggity when it's Fixed Martial Arts;)
Cindy
they paid most of it to busta rhymes for the first show. bo cantrell got the rest for his dive.
But instead of raking in the dollars, Thompson saw them fly out the doors of the company’s overpriced Wilshire Blvd. rental offices in Los Angeles.
“It had to be $100,000 in rent [a month],” said Thompson. “It’s a beautiful place to bring someone up and hold a meeting and try and impress someone, but who we trying to impress? It’s MMA.”
There goes 2.2 million dollars right there for a company that only managed to stay in business for 22 months.
That alone accounts for 4% of their losses.