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Report: UFC owners will bank $460 million for selling entertainment management company
The rich get richer.
Frank and Lorenzo Fertitta, who started out as casino owners before becoming top dogs at ZUFFA — parent company of Ultimate Fighting Championship (UFC) — are expected to rake in another $460 million this year from the upcoming sale of their entertainment management company.
The Fertitta brothers, each worth $1.6 billion, according to Forbes, will get $113 million apiece once the management firm is sold to their casino business€” while their kids will get $159 million. Company executives will get some of the remainder, according to the filing.
Not too shabby when you consider Station Casinos filed for bankruptcy back in 2009 (more on that here).
Fertitta Entertainment, according to the report, “helps design, develop and operate resort and entertainment destinations” in Las Vegas, Nevada. Speaking of which, ZUFFA is expected to expand its “Sin City” footprint later this year with the completion of its new corporate headquarters.
Frank and Lorenzo Fertitta, who started out as casino owners before becoming top dogs at ZUFFA — parent company of Ultimate Fighting Championship (UFC) — are expected to rake in another $460 million this year from the upcoming sale of their entertainment management company.
The Fertitta brothers, each worth $1.6 billion, according to Forbes, will get $113 million apiece once the management firm is sold to their casino business€” while their kids will get $159 million. Company executives will get some of the remainder, according to the filing.
Not too shabby when you consider Station Casinos filed for bankruptcy back in 2009 (more on that here).
Fertitta Entertainment, according to the report, “helps design, develop and operate resort and entertainment destinations” in Las Vegas, Nevada. Speaking of which, ZUFFA is expected to expand its “Sin City” footprint later this year with the completion of its new corporate headquarters.
