Tag: Jake Paul

Jake Paul Announces Investment In Endeavor With Views To Fix UFC Fighter Pay Issue

Jake PaulControversial professional boxer and YouTube content creator, Jake Paul has announced publicly that he has invested in Endeavor, formerly WME-IMG – the parent owner of mixed martial arts organization, UFC, with the view to fixing fighter pay issues from the inside.  Paul, who has been involved in a longstanding rivalry with UFC president, Dana White, […]

Jake Paul

Controversial professional boxer and YouTube content creator, Jake Paul has announced publicly that he has invested in Endeavor, formerly WME-IMG – the parent owner of mixed martial arts organization, UFC, with the view to fixing fighter pay issues from the inside. 

Paul, who has been involved in a longstanding rivalry with UFC president, Dana White, recently issued a challenge to the promotional leader, claiming that he would retire from professional boxing with immediate effect, and sign a one-fight deal with the UFC to fight in professional mixed martial arts, it White would, in turn, increase fighter pay for UFC fighters, and offer them health insurances and benefits.

Replying to Paul, White elected against responding to any of his challenges – instead asking Paul if he would submit to anti-doping tests for a period of two years, administered by anti-doping agency, USADA, before calling his manager, Nakisa Badarian – the former UFC CFO (Chief Financial Officer) a “warlock” and a “scumbag”.

Jake Paul improved to 5-0 in December with a sixth round knockout win over ex-UFC champion Tyron Woodley

In his latest swipe at UFC president, White, Paul announced on his official Twitter account this Tuesday morning, that he had invested in the public company, Endeavor, alongside his partner, Geoffrey Woo – in a bid to increase UFC fighter pay. 

“I’ve invested in EDR (Endeavor) (UFC) stock with my partner @geoffreywoo 2 focus on UFCs ESG standards relating to fighters, Jake Paul tweeted. “We believe EDR can drive long-term economic value by increasing UFC fighter pay & providing them healthcare. Reaching out to @EngineNo_1 to partner on this “endeavor”.”

At the time of publication, it is currently unknown how much money Jake Paul or his partner, Geoffrey Woo have invested into Endeavor, nor how many shares in the public company they have purchased, in their bid to attempt to fix the longstanding fighter pay issue and provide healthcare for fighters under contract with the UFC.

Jake Paul Has Purchased Stock In UFC Parent Company To ‘Help Fighters’

Jake Paul is inserting himself in UFC affairs.

Jake Paul cannot help himself when it comes to rustling the UFC and Dana White’s feathers. Paul has made himself famous by beating former UFC fighters inside the boxing ring, but he might be equally a…

Jake Paul

Jake Paul is inserting himself in UFC affairs.

Jake Paul cannot help himself when it comes to rustling the UFC and Dana White’s feathers. Paul has made himself famous by beating former UFC fighters inside the boxing ring, but he might be equally as known for his hot takes on how the UFC conducts their business. He is constantly calling out Dana White on fighter pay and the treatment of fighters under the UFC banner. Now, Paul is actively trying to make some changes in that organization.

Paul announced on Tuesday morning that he has decided to invest his money and purchase stocks of the UFC’s parent company called Endeavor (EDR).

“I’ve invested in EDR (UFC) stock with my partner @geoffreywoo 2 focus on UFCs ESG standards relating to fighters,” he wrote on Twitter. “We believe EDR can drive long-term economic value by increasing UFC fighter pay & providing them healthcare. Reaching out to @EngineNo_1 to partner on this “endeavor.”

Paul’s business partner, Geoffrey Woo, also released a series of tweets addressing the move.

“Jake Paul, our partners, and I are excited to announce our latest @antifundvc investment — Endeavor (NYSE: EDR), the parent company of the Ultimate Fighting Championship (@UFC) — and our goals for the business as impact investors & venture capitalists.

“My partner Jake has lead the way in changing the business of combat sports by not just talking about it, but being about it — fighter pay, healthcare, & championing women’s sport. And today is our next step in our vision of revolutionizing the industry.

“UFC has faced a rising chorus of criticism for the exploitation of its athletes — the [heart] of biz. The ratio of revenue going to athletes vs. owners & leagues is well below industry standard. This disparity hurts long-term shareholder value & this is not going to magically change.

“Jake is the archetype of the future, where individual transcends the machine. This is happening across all sectors — media, entertainment, & tech start ups where dynamic, innovative individuals & creators are bargaining toe-to-toe w the owners, the institutions, and the academy.

“We believe the best way to accelerate this inevitable revolution is to lead it from within the UFC as co-owners & impact investors. We will use our investment stake to rally fans, athletes, fellow shareholders, and management to do the right thing.

Who am I? I come from Silicon Valley & web3/crypto. Skin in the game, shared equity, and long-term alignment is the underlying incentive model that made Silicon Valley and crypto the most impactful business models of the last 20 years. We intend to apply these models to the UFC,” Woo wrote.

Since his fight with Ben Askren, Paul has made it clear that he wants his opponents to be paid well. He was vocal about his feelings that UFC fighters do not get paid sufficiently. Askren and Woodley both stated that their paydays for the Paul fights were their biggest to date. Woodley was a former UFC champion and still made more for his boxing match, according to him.

Paul thinks the UFC can do better and has been calling out Dana White to make things right. He feels that by buying these shares of EDR, he can somehow make a change to the UFC pay structure and healthcare options. The amount of stock purchased was not revealed, and it seems unlikely that Paul will have voting rights on such issues. Endeavor is a publically traded company that purchased the UFC back in 2016 for $4 billion.

Do you think Jake Paul will have any success at changing the UFC pay structure as a shareholder?

Continue Reading Jake Paul Has Purchased Stock In UFC Parent Company To ‘Help Fighters’ at MMA News.

Jake Paul Says He Invested in EDR Stock to Boost UFC Fighter Pay, Provide Healthcare

Jake Paul’s ongoing crusade against UFC took an interesting turn on Monday.  The controversial YouTube star announced on Twitter he has purchased stock in…

Jake Paul’s ongoing crusade against UFC took an interesting turn on Monday.  The controversial YouTube star announced on Twitter he has purchased stock in…

Jake Paul Says He Invested in EDR Stock to Boost UFC Fighter Pay, Provide Healthcare

Jake Paul’s ongoing crusade against UFC took an interesting turn on Monday.  The controversial YouTube star announced on Twitter he has purchased stock in…

Jake Paul’s ongoing crusade against UFC took an interesting turn on Monday.  The controversial YouTube star announced on Twitter he has purchased stock in…

Khabib More Open Than Cormier To Doing Business With Jake Paul

Former UFC lightweight champion Khabib Nurmagomedov wants to sign the polarizing YouTuber turned boxer Jake Paul to Eagle FC in the future.

Nurmagomedov is just days away from hosting Eagle FC 44 in Miami, FL. The card will be headlined by kickboxe…

Khabib Nurmagomedov, Jake Paul, Daniel Cormier

Former UFC lightweight champion Khabib Nurmagomedov wants to sign the polarizing YouTuber turned boxer Jake Paul to Eagle FC in the future.

Nurmagomedov is just days away from hosting Eagle FC 44 in Miami, FL. The card will be headlined by kickboxer Tyrone Spong taking on former Bellator standout Sergei Kharitonov.

Nurmagomedov has managed to sign elite talent to Eagle FC since putting his promoter hat on. He most recently signed former UFC interim title challenger Kevin Lee following his dismissal from the UFC.

But Nurmagomedov has bigger plans for the promotion’s future and is interested in signing Paul for his planned transition to MMA. This is in direct contrast to his friend Daniel Cormier, who expressed his refusal to train Paul if he were to join American Kickboxing Academy.

During a recent tweet, Nurmagomedov expressed his interest in eventually adding Paul to the Eagle FC roster.

“The doors of [Eagle FC] always open for you and your team,” Nurmagomedov said.

Paul then agreed to Nurmagomedov’s proposition under the condition that the former UFC champion agrees to fight him.

“Deal,” Paul said. “Only if I fight you first.”

Cormier and Nurmagomedov made their rise to championship status through their training at AKA. At present, Nurmagomedov seems more game to help Paul in his eventual move to MMA than Cormier is.

Cormier and Paul also have a bit of history, with the two of them coming face to face cageside at UFC 261. They also went back and forth last year on social media and in various interviews.

In addition to Eagle FC, the PFL and Bellator have remained interested in adding Paul to their respective rosters. It’s unclear how Paul will proceed going forward, but Nurmagomedov seems open to negotiations with the controversial boxer.

How do you think Jake Paul would fare in MMA? Should he sign with Khabib Nurmagomedov’s Eagle FC?

Continue Reading Khabib More Open Than Cormier To Doing Business With Jake Paul at MMA News.