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-- my game is presented -- tantamount to an expression of combat -- Welcome to fox fight game Mike struck a big news in the role of NN may this week UFC announcing that -- entertainment.
Wholly owned by the government of of Abu Dhabi bought 10% of the company joining us now the guys who should know the -- for -- as CEO chairman.
Of the USC and Dana White the president of -- of -- -- server the -- -- Rendell obviously your focus that you became CEO -- sit down from stations group was too do international expansion.
How is this deal plane into into your -- now.
Well obviously as you just mentioned that's been a big initiative a -- -- last two or three years we've made a lot of progress.
Very successful in the UK and now in other parts of Europe but we talk about some going into other regions of the world you know the Middle East.
Parts of Asia China it's a little bit more difficult you know cultures cultures are different businesses on and a different way and -- felt like this is a great strategic move for company to help us accelerate that growth.
You'll go into the Middle East you know essentially get a platform to grow a lot quicker and then hopefully -- with their contacts and all these.
Different countries in southeast Asia will be able to help us accelerate growth -- well.
He told about China HI just recently have their own NN -- -- organization come up.
Does this deal help you and and the relationships and Abu Dhabi has in that region like you said that help you wouldn't -- -- competition.
It definitely helps us.
As I mentioned before you know.
For us into authors say hey we when -- -- -- TV deal in China who's gonna take a long way long time to navigate through what's happening in the media world there.
Whereas become the flash and the people in the executive affairs authority in Abu Dhabi.
You don't have a direct contact there and I think will be a lot easier for us to grow a lot quicker and make the right contacts and put together business strategy that that make sense.
At Dana what a lot of the -- MMA fans and media.
Don't understand is that Abu Dhabi is very big in the world of mixed martial arts -- need to do in the grappling court tournaments for years and years before even you have -- existed.
How important is that.
Aspect of this deal.
I think that that you know obviously that.
-- of the guys over there are very passionate about the sport like we are in this thing literally was built on passion.
You know have been the in -- love of the sport enough to stay in -- even through the hard times so.
Look at what we've said many times over the last nine years lots of people have tried to invest.
Get a piece buyout whatever you wanna call it I have tried to do deals with the -- -- -- we've turned everybody down none of them ever made sense and it was never about money.
It was about bomb that was the right strategic partner because we started this business the one thing that we -- really wanted to do was to lose to build sport.
Meaning the same game of soccer we played the United States is the same game is played all over the world and that's what we're gonna dual mixed martial arts and you've heard me happened.
Now for the last -- -- -- couple years now but our next ten year plan.
And this is the first up.
Everybody got a lot of speculation read all the blogs about how this deal actually happening -- of -- name.
Is mentioned all the time because as -- know he's he's actually shakes personal jujitsu instructor did -- don't have any partner in helping to release open doors there.
Actually didn't you know we knew we had a contact with.
With the governor Abu Dhabi long you don't long before at least from.
The last couple years.
It just so happened that one of the trips that we made out there this summer -- happen to be there we actually met with some talked a little bit but he didn't really have any.
Any role as far as brokering a deal or anything like that.
Now -- to hang out with his very that are.
He certainly knows the area does not not -- Dana you treated a lot last year especially during FedEx the right after fan expo that you were -- Abu Dhabi and a lot of people thought okay the next fan expo will be in Abu Dhabi.
But we just -- -- just just announced that it's gonna be made in Vegas again now will you will you do events like that.
I don't know what's gonna happen you've got the fan expo I think the -- what makes a lot of sense over there not -- -- -- but anywhere else in the world but.
Com you know it's not like we're going -- Abu Dhabi now looking to set up shop and do fights over their all time and and and expose really go there we're gonna do fight we're in Seattle ghost just like we would any other market.
You know what these guys are partners down.
Weren't to grow this thing and make a bigger and and it -- -- was gonna keep popping up events and an Abu Dhabi every year.
Right now the -- you mentioned earlier on CNBC that you guys deluded yourselves and you you issued more common stock Telus what does that mean for for the non business people out there.
Well essentially -- you were asking us if you know we solar sticker how to work you know the company's info -- -- -- Dan and frank owns all the shares of right now we issued new shares.
To Abu Dhabi in the amount of 10% there will now own 10% of the shares outstanding both be my brother frank and -- we'll get deluded by 10%.
So you're frank we'll go from owning 90% -- 81% Davis.
Percent to go from 10% to 9%.
Understood and obviously you guys don't talk money but.
It's clearly significant investment from the UAE correct.
Of course -- that they're making -- big commitment big investment I think that they.
They definitely recognize.
The growth potential that we have and as Dana said they have a passion for the sport they understand and I think that's a good thing.
You know for fans as well you know we've got we've got some partners now on board there not just you know.
Money guys believing there's plenty of money out there there was private equity companies -- all the time.
Investment banks trying to get us to go public these are those kind of guys these guys understand the sport.
The status of the passionate about it in the long term players.
-- have deep pockets.
They -- So that helps.
Well you know me you know -- now was it was a relief financial situation for us but yeah I mean having a partner.
That has resources like that certainly helps down the road you never know.
What strategic opportunity might pop up where this business might take us in the future yeah it's great having partners that are in that situation.
Now Abu -- you guys mentioned it's not announce officially yet but we may see heads -- Gracie fight Matt Hughes there perhaps BJ Penn whoever his next opponent.
Is going to be do you guys know who is next opponent's going to be.
At this point regular -- to frank Jaeger is the next he's -- for the title shot yes.
And full disclosure Frankie is the fight analysts here -- fox fight game so let's I'm happy to hear that for -- differ Frankie now how much did great -- performance.
Play into that decision.
Had a lot to do that -- LBJ Penn right now is is is on the way even though the -- to GSP.
I think the fact that -- reinvigorated himself he's he's training harder than he ever has.
And -- that the dominant performances he's put not a 155 pounds especially.
Well over somebody like Sanchez.
We gotta put people in there that that we think have a better shot.
-- beating BJ Penn.
And gray Maynard didn't -- me -- -- last night.
Frankie Edgar has looked great and in his last few flights he's been dominating.
Good opponents and I think he deserves a shot I think it's a more intriguing match up right now and I'm not nothing negative -- gray Maynard gray Maynard just not ready -- that title shot yet.
And I'm ready to go to -- They now have a right have to register did -- thanks very much to men they stipulate as always thank you thank you box like you -- -- the next time.
Enjoy the fisticuffs.
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