LAS VEGAS, May 19, 2016 /PRNewswire/ -- A new valuation
report of Zuffa LLC, the parent company of the Ultimate Fighting
Championship (UFC), has been released by UNITE HERE. The report
compares the UFC to other sports promotions and franchises and
estimates that the company has a valuation of $2.23 billion, which would mean that, subtracting
its approximately $467 million of
debt, equity in the company would be worth about $1.76 billion.
"We do not believe the UFC is more valuable than some of the
most iconic sports franchises such as the New York Yankees and
Dallas Cowboys, whose stadiums are collectively worth almost
$2 billion," said Jim Sullivan, an analyst with UNITE HERE. "If
the UFC were still growing fast, one could imagine a much higher
valuation multiple. But is it growing fast?"
The complete report is available on the Zuffa Investor Alerts
website.
The UNITE HERE report estimates the company's value to be
approximately $2.23 billion. This
suggests that Flash Entertainment's 10% stake in the company has
not grown over the past six years, since the Abu Dhabi-government-owned entity reportedly
invested in the UFC when Bloomberg Business published an estimation
of UFC's value at "more than $2
billion."
A later follow-up report will take a closer look at the state of
the UFC, including its growth prospects, sponsorship deals, as well
as labor and legal issues to see how they might affect the mixed
martial arts promotion's potential valuation.
UNITE HERE represents 270,000 working people in industries
such as gaming, hotel, and food service in Canada and the
United States. UNITE HERE's Culinary Workers Union Local 226
and Bartenders Union Local 165 have a labor dispute with Station
Casinos (NASDAQ: RRR), an affiliate of Zuffa LLC.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/unite-here-values-zuffa-llc-dba-ultimate-fighting-championship-at-223-billion-300271676.html
SOURCE UNITE HERE