Macedawgg - Are you sure about the stock? I thought he gave the stock in Station to Frank, and Frank gave his stake in Zuffa to Lorenzo.
No?
that would be really stupid if its true
that would be really stupid if its true
I would rather run the UFC than the headache of a fucking Casino, and all the bullshit you have to deal with. Dont get me wrong Id love to do it where I stand now, but if I had the option to run the UFC or a Casino I would pick the UFC.
I am sure lorenzo didn't sacrafice anything when he stepped down to handle more of the UFC operations. If anything he probably is closer to a vacation than he ever was with STN.
dimesnake - I am sure lorenzo didn't sacrafice anything when he stepped down to handle more of the UFC operations. If anything he probably is closer to a vacation than he ever was with STN.Would you mind elaborating on your theory? I'm interested in your point of view and would like to learn more. Thanks.
Cindy
totalwreckage - I would rather run the UFC than the headache of a fucking Casino, and all the bullshit you have to deal with. Dont get me wrong Id love to do it where I stand now, but if I had the option to run the UFC or a Casino I would pick the UFC.
are you kidding. yes running the ufc would be awesome but running a hotel/casino is a very nice alternative. its fucking pimp in fact.
Yeah, give me the casino instead. Gambling never goes out of fashion.
Rappy Gilmore - The best part about them is settling business disputes (Zuffa) with submission matches....
I was gonna say the same thing, I'm glad I kept reading the thread!
Ryan MacLeod -3MTA3 - CindyO
You are an idiot. They OWN the company, he didn't walk away from that money. Jesus christ.
Actually, yes he did. If you relinquish an executive position the salary doesn't follow you. He would just retain his shares in the company, but would no longer draw a salary. Guess you are the idiot.
Why would you say something so stupid that's already been covered on this thread?
Seriously though, the guy gambled with his brother to buy the company in the first place, losing 1/147 of his income is not a gamble.
CindyO -dimesnake - I am sure lorenzo didn't sacrafice anything when he stepped down to handle more of the UFC operations. If anything he probably is closer to a vacation than he ever was with STN.Would you mind elaborating on your theory? I'm interested in your point of view and would like to learn more. Thanks.
Cindy
lets see...lorenzo himself trains and has always loved the sport of MMA. Now he is 100% dedicated to the business of the UFC which is a brand that is extremely well known and a brand in which he owns. He doesn't have to worry about the in's n outs of the station casinos. He now has less responsibility and the responsibility he has is now is that of a sport in which he loves and owns. Just like you got owned
dime
dimesnake -CindyO -dimesnake - I am sure lorenzo didn't sacrafice anything when he stepped down to handle more of the UFC operations. If anything he probably is closer to a vacation than he ever was with STN.Would you mind elaborating on your theory? I'm interested in your point of view and would like to learn more. Thanks.
Cindy
lets see...lorenzo himself trains and has always loved the sport of MMA. Now he is 100% dedicated to the business of the UFC which is a brand that is extremely well known and a brand in which he owns. He doesn't have to worry about the in's n outs of the station casinos. He now has less responsibility and the responsibility he has is now is that of a sport in which he loves and owns. Just like you got owned
dime
Owned by whom? Certainly not by you and your opinion based/guess work posts! LOL
"lets see...lorenzo himself trains and has always loved the sport of MMA."
*** True, since '99.
"Now he is 100% dedicated to the business of the UFC which is a brand that is extremely well known and a brand in which he owns."
*** It's not "extremely well known" worldwide and penetrating certain markets has proven to be a huge challenge, as expected. Growing the brand and the sport has NOT been (nor will it be) a walk in the park and they have had to work their asses off every step of the way. He does, however, own 45% of the brand and he is 100% dedicated to UFC business;)
"He doesn't have to worry about the in's n outs of the station casinos."
*** Ya think? That is kinda what happenes when you resign from a job/position... at least the day to day aspects of decision making. One can only hope the replacement is well seasoned where the learning curve is minute so as not to take backwards steps. Still, there is always a chance that numbers can fall... of course they can also rise. Time will tell.
"He now has less responsibility and the responsibility he has is now is that of a sport in which he loves and owns. "
*** LMAO@ less responsibility! It is obvious you are completely clueless about what Lorenzo and DW have disclosed just in the media alone pertaining to the global expansion plans if you think he has less responsibility. The goals are lofty, especially the timeline in which they have mapped out for each stage of the UFC's growth. Do your homework and we can compare notes again tomorrow, mkay?
dimesnake - I am sure lorenzo didn't sacrafice anything when he stepped down to handle more of the UFC operations. If anything he probably is closer to a vacation than he ever was with STN.*** ROFLMAO@ his "vacation!!!" Lorenzo has gone to Disneyland, huh? Just LOL!
"Just like you got owned"
*** Just LMAO!!!
Cindy
frontrowbrian - Stations runs itself. It's a money making factory with an awesome business model. (i.e. buy up land 10-15 years in advance and then build casinos for locals).
UFC is extremely understaffed for a company that generates the type of revenue it does and can use all the help it can get. Especially someone with the business experience of Lorenzo who can act as babysitter to a former bell hop like Dana White who is an extremely hard worker but he is what he is.
Lorenzo got bored with Stations to a degree. He saw a new, exciting opportunity and went with it. I don't blame him. He's got more money than he could ever imagine spending. Why not do something exciting like trying to bring UFC worldwide like Vince McMahon did with WWE? Contrary to some beliefs, he didn't sacriface any money when he moved his full time employment to Zuffa from Stations. The SEC filings are proof enough
Brian,
Are you saying that Lorenzo still receives the same salary with Zuffa that he earned as president of Station? If so, perhaps you would be so kind as to post the dated SEC filings you are relying on as proof because I specifically asked about those numbers and what you are posting is inconsistent with what was shared with me.
I have no problem following up with my source for additional information should there be a discrepancy because I think it is important to be accurate. Thanks.
Cindy
I wish my family's mob ties did more for us when we came over to the US 90 years ago, lol.
The Fertitta's have a storied past...not these two, but their parents, uncles, grandfathers, etc...
Those salaries are pretty good considering that Frank and Lorenzo's dad paid a whole dollar for that casino.
I never knew you could buy a casino for a dollar.
I wish Cindy O would get a freaking life and not feel like she has to make a post everytime that Dana or the Feritta brothers wipe their asses.
The woman is so much a wanna-be and the funny thing is that she doesn't even have a clue how much of a JOKE she really is.
My only regret is giving up my blue name because as a mud-namer I can't "IGNORE" all hr ass kissing posts.
frontrowbrian - Cindy... $1,740,000 million is a drop in the bucket for Lorenzo (his 2007 stations base pay). Is he still making that figure with Zuffa? I don't know. But if you're trying to say Lorenzo is losing significant income by shifting his focus to Zuffa, I don't agree. His wealth was Not made by earning salary throughout his life. It was made by his equity stake becoming more and more valuable
Brian,
For the 3rd or 4th time, I am NOT referring to his salary as being the significant risk. I have even stated the guy doesn't have to work another day in his life for the sake of income. Why are you still responding to something that was pointed out on page one?
He took a pay cut when he left Station for Zuffa but again... he's so rich it doesn't matter.
Cindy
ksac - CindyO - Anyone thinking it was no big deal that Lorenzo walked away from that job is crazy!
Cindy
For now I will ignore the context in which this statement was made.
Maybe you should be clearer who it is a big deal for. Is it a big deal for me? No, it's not for most of us. Who is it a big deal for? So far you've only supported it being a "big deal" for the Casino and for Lorenzo personally. Well, a square has four sides, can we be any more obvious?
I would have to say it is a big change when any company changes owners. Also, it's a big change when anyone changes their day-to-day activities. So, we can move on, can't we?
Perhaps I could have been clearer, ksac. A big deal for Lorenzo because he left the "safety" of a proven track record in the casino industry for something they bought as a "hobby" and is now attempting to expand it globally, a course no other professional MMA organization has done thus far. He could fail. He could make a multitude of costly mistakes that puts the promotion in financial jeopardy. He could completely embarrass himself, calling into question his true successes with Station... a family business already on the map for years before his involvement where his professional contributions have been made ever since.
Also, a big deal for the UFC because he could have stayed right where he was at, continued making the same money (or more) and brought in someone else with the experience and business acumen to expand the organization globally instead of undertaking the task himself. He is committed and heavily invested in the future of the sport of MMA for more than just financial rewasons. As it was pointed out above, building this thing will be his legacy.
"I would have to say it is a big change when any company changes owners. Also, it's a big change when anyone changes their day-to-day activities. So, we can move on, can't we?"
Exactly. lol;) The challenges and risks are huge and it is absolutely silly for folks to think the UFC is sooooo popular worldwide that carrying out their lofty goals will be easy, a walk in the park or a vacation or sorts. It's not.
Cindy
Dr_Bruce_Banner - I wish Cindy O would get a freaking life and not feel like she has to make a post everytime that Dana or the Feritta brothers wipe their asses.
The woman is so much a wanna-be and the funny thing is that she doesn't even have a clue how much of a JOKE she really is.
My only regret is giving up my blue name because as a mud-namer I can't "IGNORE" all hr ass kissing posts.
I'm sure if my posts bother you that much you'll make the investment in a blue name so you can put me/ my comments on ignore.;) Maybe Crooklyn will hook you up with one like she did me and many others;)
Cindy