MattParker117

"[Jones] called about four days ago and said 'okay let's go, I'm done with vacation.' He said he wanted to take all this time off and then they were calling me four days ago saying he wants to fight as soon as possible. He's ready to go. What could end up happening is Dan Henderson fights Jon Jones first, and then [Jones' subsequent fight] would be close to the time that Rashad fights. Or we see how things go with Rashad [versus Phil Davis] and Rashad fights him first."

Michael Bisping: $425,000 (includes $150,000 win bonus) def. Jason "Mayhem" Miller: $45,000 Diego Brandao: $16,000 (includes $8,000 win bonus) def. Dennis Bermudez: $8,000 John Dodson: $16,000 (includes $8,000 win bonus) def. T.J. Dillashaw: $8,000 Tony Ferguson: $30,000 (includes $15,000 win bonus) def. Yves Edwards: $16,000 Johnny Bedford: $16,000 (includes $8,000 win bonus) def. Louis Gaudinot: $8,000 Marcus Brimage: $16,000 (includes $8,000 win bonus) def. Stephen Bass: $8,000 John Albert: $16,000 (includes $8,000 win bonus) def. Dustin Pague: $8,000 Roland Delorme: $16,000 (includes $8,000 win bonus) def. Josh Ferguson: $8,000 Steven Siler: $16,000 (includes $8,000 win bonus) def. Josh Clopton: $8,000 Bryan Caraway: $16,000 (includes $8,000 win bonus) def. Dustin Neace: $8,000

"I learned that the UFC makes the most money on pay-per-view when I am fighting. That made me smile. For me, a fight is (worth) $4 to $5 million, and in the city where the UFC holds its events, there are economic benefits of between $15 to $20 million. It's huge!"

- UFC’s seven year TV deal with Fox Sports Media Group, replacing Zuffa’s current deals with Spike TV and Versus, offers more stable and favorable economics over the term of the TV deal in hope of potentially reducing Zuffa’s dependency on the more-volatile event based revenue. - Zuffa should be able to deliver more content and potentially expand it’s audience through the vast distribution FOX provides, thus exposing content to a higher potential viewership base. - During the first half of 2011, revenue and EBITDA were down against the comparable period in 2010. Reasons given were one less PPV event, as well as significant fighter injuries which contributed to lower PPV buys. -Despite a weak first half of 2011, the report expects Zuffa’s total debt to EBITDA and coverage measures to remain in line with the rating over the term. -It is expected that Zuffa owners will continue to pursue moderate distributions over time as the company continues to grow, which will likely preclude any meaningful sustained improvement to Zuffa’s financial risk profile. - Nearly 75% of Zuffa’s total revenue is event based. The majority is composed of PPV buys and ticket sales. Remaining 25% revenue is composed of live and taped television broadcasts, sponsorship, merchandising, licensing, and content distribution deals. -Due to the FOX television deal, it is anticipated that TV broadcasting may become a larger source of revenue, as they see this revenue stream as less volatile than event based revenue. -Zuffa has been successful in expanding sponsorships and merchandising, which improves stability and strengthens their business model. -Zuffa’s expansion plans are seen as a positive due to the potential of growing revenue from a more diversified fan base and broadening the acceptance of MMA. -UFC expansion into the UK several years ago was extremely volatile, and they have since taken a more cautious and measured approach in international expansion as of late. -Interestingly enough, the report points out that Zuffa could face increased labor costs in the future if fighters organize (union) and seek a higher share of revenue, which is the case for most major sports in the U.S. -The acquisition of Strikeforce (along with the WEC) is believed to have strengthened the UFCs already dominant market position, as it continues to increase the number of fighters and title fights under the promotion. - Liquidity: Zuffa has adequate sources to cover its needs over the next 12 to 18 months. Sources include cash flow generated from strong operations and it’s revolving credit. - Uses of liquidity include minimal capital spending needs, modest amortization, acquisitions, and distributions. - Debt: Zuffa had only $1 million of availability under its $50 million revolving credit facility as of June 30, 2011, which expires in 2012. $425 million term loan due in 2015. -Payments for taxes are primarily distributed directly to the owners and additional dividend payments are limited by a restricted payment basket under the credit facilities. -The expectation is that owners will likely continue to pursue max allowable distributions under the credit agreement.