UFC parent company lost $30M on White House fight
not a very good way to run a business...
Schleimer said the event’s “financial profile” resulted in a roughly $30 million loss, which the company “anticipated” beforehand. UFC spent about $60 million in production costs for the event.
24 replies
Losses are easy to anticipate when they're being used as a bribe. That's kind of how the whole monetary transaction thing works
"which they expected". Then they didn't lose anything, they spent it.
wasn't it a birthday party for the grifter-in-chief?
It was a marketing expense, but they were only marketing to one imbecile. It will be deducted from corporate profits.
This story is a nothingburger
I promise the company isn't throwing away money for the fun of it. There are lots of different ways to look at profit. I'd bet a lot of that money found its way into the President's pockets.
Just like Amazon "lost" $5M on the Smelania doc.
As a tangent, fuck articles that have videos pinned at the top about a completely different subject.
Ofc. If Trump did something it's because it lined his pockets. He doesn’t have any other motivation. I'm sure nobody involved actually lost any money and it just looks that way because of the way they do their accounting.
Of course he does: vanity.
They claim "exposure" and "new marketing opportunities".
I think they are just (literally) kissing the ring and getting in on the corruption train before it crashes.
unless it's that one video with the cardboard bear
They bribed Trump for favors for 30M
Sucking up is getting more expensive…
I don't know anybody that even watched that nonsense. Or at least not anyone that admits it.
My neighbor did, he bootlegged it though, so UFC didn't see a dime. I was invited, but even knowing that they weren't making money, I had no desire to watch it.
And as usual, any extra expenses coming from the UFC will just work out to less revenue for the fighters in the end, who have already been chronically underpaid for years.
Go fash, lose cash, you fucking morons.
Sounds like Hollywood and/or record label accounting to save on paying fighters and taxes
Serves them right
Ha ha!
I wonder if the exposure was worth it. And was it good or bad exposure?
Probably not about exposure. They spent $30M on goodwill from Trump. Some of it was probably funneled to him as well.
Good. There shouldn’t be any profit for something as horrific as this that was done on taxpayer dollar. F ‘em.
It wasnt to make money, it was to make trump happy...
And don't forget a company showing a loss equals a tax break.
Lots of times the people make a shit ton of money, but the company loses money, often because of how much it paid high level employees.
Kind of like how a "non profit" just has to pay the CEO millions and throw a bunch of fundraisers so that the organization makes no money. Which is why trump is barred from running non profits
Its a safe assumption the event intentionally "lost" money
But their god king requires entertainment. Feed the don.
...