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New report: UFC owners took out loans to pay themselves big bucks | Ep. 33
The UFC antitrust case is the gift that keeps on giving, especially recently. You may be asking yourself “What’s happened now?” and the answer to that question would be class certification. Once the honorable Judge Boulware awarded the plaintiffs class certification, it set the wheels in motion for an avalanche of discovery. Thousands of documents, text messages, e-mails and more have come to see the light of day, finally.
The Hey Not The Face! Podcast is a listener-supported publication. To receive new posts and support our work, please consider becoming a free or paid subscriber.
The defendants (Zuffa, UFC. et. al) immediately appealed and were quickly denied. Then they submitted a request to reopen discovery. They were denied. Judge Boulware also strongly indicated that he wouldn’t be granting summary judgement either and that the case was set for an April 8th court date. That’s just right around the corner.
Since all these documents have become public, John Nash has been diligently poring over them, breaking them down and trying to disseminate the information in an easy to digest format. Today’s episode is no different. The topic is the Guy Davis report.
So, who is Guy Davis? Well, he’s a forensic accountant with 28 years of experience and an accolade list that took 10 pages to list. He went through the UFC’s finances and came up with some startling information. A few points to note:
* UFC owners took out huge loans in order to pay themselves
* UFC owners used their FIVE corporate jets 5 times more than necessary to the tune of $9M/year
* Affliction MMA is listed as a UFC acquisition alongside PRIDE, Strikeforce, WEC, WFA
* The terms around the WFA purchase warrant extra scrutiny
The Hey Not the Face! Podcast is an independent publication. Please subscribe to keep up with our best work and learn how you can support us.
Thank you for listening to the Hey Not The Face! Podcast. We’d be eternally grateful if you could help us spread word of this episode by sharing it far and wide.
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit heynottheface.substack.com/subscribe
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By John S. Nash & Stephie HaynesThe UFC antitrust case is the gift that keeps on giving, especially recently. You may be asking yourself “What’s happened now?” and the answer to that question would be class certification. Once the honorable Judge Boulware awarded the plaintiffs class certification, it set the wheels in motion for an avalanche of discovery. Thousands of documents, text messages, e-mails and more have come to see the light of day, finally.
The Hey Not The Face! Podcast is a listener-supported publication. To receive new posts and support our work, please consider becoming a free or paid subscriber.
The defendants (Zuffa, UFC. et. al) immediately appealed and were quickly denied. Then they submitted a request to reopen discovery. They were denied. Judge Boulware also strongly indicated that he wouldn’t be granting summary judgement either and that the case was set for an April 8th court date. That’s just right around the corner.
Since all these documents have become public, John Nash has been diligently poring over them, breaking them down and trying to disseminate the information in an easy to digest format. Today’s episode is no different. The topic is the Guy Davis report.
So, who is Guy Davis? Well, he’s a forensic accountant with 28 years of experience and an accolade list that took 10 pages to list. He went through the UFC’s finances and came up with some startling information. A few points to note:
* UFC owners took out huge loans in order to pay themselves
* UFC owners used their FIVE corporate jets 5 times more than necessary to the tune of $9M/year
* Affliction MMA is listed as a UFC acquisition alongside PRIDE, Strikeforce, WEC, WFA
* The terms around the WFA purchase warrant extra scrutiny
The Hey Not the Face! Podcast is an independent publication. Please subscribe to keep up with our best work and learn how you can support us.
Thank you for listening to the Hey Not The Face! Podcast. We’d be eternally grateful if you could help us spread word of this episode by sharing it far and wide.
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit heynottheface.substack.com/subscribe