The UFC finds itself in a transition stage though Dana White will stay on as president. Even though he may be relegated to a minority role, White stands to earn big with the amount close to what NFL commissioner Roger Goodell is earning.
White’s new deal will be for five years where he will have nine percent of the UFC’s net profits, ESPN reported. The share is seen as better compared to a regular salary.
The word out is that Dana White is confirmed to have a nine percent stake following the WME-IMG deal. From the $4 billion sale, White stands to get $360 million once the deal is closed. White has declined to comment but if true, that is quite a hefty takeaway.
Looking ahead and placing due consideration to expected UFC revenues, a ballpark estimate could see the company racking in profits amounting to about $200 million per year. Doing the math, that would mean White stands to get $18 million annually, fairly close to what Goodell’s $21 million annual compensation during his first 10 years.
So while it looked like White and the Fertitas were lying low, the former may have struck a gold mine with his new five year deal. White has yet to confirm though it is highly doubtful he would reveal the numbers of his new pact.
Before the sale, Lorenzo and Frank Fertita owned 80 percent of the company. Following the sale, the Fertita brothers have more than gained with the company they originally bought in 2001 for a mere $2 million as mentioned in a previous report here on Yibada yesterday.
But the story here is obviously on White with the money he will be making once the deal closes. It looms as a lucrative package but no one can deny the mileage that White has had as far as bumping up the UFC’s stock.
With White still on board, there could be changes but for the better, CBS Sports reported. The new owners obviously took note of what he has accomplished and are looking for more ways to push the UFC up. As long as White continues his genius, the UFC is expected to rack in revenue which technically means White earns more as well.