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If you have even a passive interest in sports, professional fighting , or mixed martial arts, you’re undoubtedly aware of the UFC, which shattered records in 2023 as the largest MMA promotion in the world. The entity, whose title is short for Ultimate Fighting Championship, is one of the largest subsidiaries of Endeavor Group Holdings, which owns such massive companies as the Asylum Entertainment Group, TKO Group Holdings, and Professional Bull Riders. As of 2024, the UFC has ballooned its market capital to record highs , and run more than 700 events worldwide. According to BetMGM , the UFC is currently valued at a net worth of over $12 billion, with expectations to continue growing as the years carry on. Given that the outlet is so successful, it only makes sense that we perform a deep dive into the history and financial security of the business. Any entity which balloons from a humble MMA showcase to a multi-billion industry in the span of just 30 years is absolutely worth...
In 2011, Cam Newton hit the football scene running as the No. 1 pick in the NFL Draft that year. As previously shared by AFROTECH, the former Carolina Panthers quarterback signed a four-year $22 million contract during his rookie season with the team. What’s more, he had a signing bonus of more than $14 million. Newton previously described the period as providing “the most money that I’ve ever seen.”
Drake is down…bad. According to Complex, Mr. Champagne Papi wagered more than $275,000 of his own money on the UFC fight between Jorge Masvidal and Colby Covington. And per the outlet, the $275,000 wager was made in Bitcoin on Masvidal…who went on to lose the fight. When Covington, the match’s winner, found out about the literal bath that the “Controlla” rapper took, he wasted no time in gloating about it. “Let’s talk about all the money that Drake lost tonight,” he said at a press conference. “He needs to go back to, you know, selling those s—y albums to get back the money.” He continued: “You suck at sports betting. Go back to your s—y little albums and rapping.” He seems nice, doesn’t he? But the Certified Lover Boy shouldn’t worry too much about what Covington has to say. Shortly after his win over Masvidal, Covington took aim at Dustin Poirier, who is presumed to be his next opponent.
Francis Ngannou wants to pay you in Bitcoin. The UFC heavyweight men’s champion announced that he’s teaming up with CashApp to give away $300,000 in Bitcoin to his lucky fans and followers. “I believe bitcoin can empower people everywhere. So I’m excited to partner w/@CashApp to take half my #UFC270 purse in bitcoin. I want to make bitcoin more accessible to my fans, so I’m giving out $300K in bitcoin! Follow @CashApp + drop your $cashtag w/ #PaidInBitcoin,” he wrote in the tweet, which you can see below. I believe bitcoin can empower people everywhere. So I’m excited to partner w/ @CashApp to take half my #UFC270 purse in bitcoin. I want to make bitcoin more accessible to my fans, so I’m giving out $300K in bitcoin! Follow @CashApp + drop your $cashtag w/ #PaidInBitcoin pic.twitter.com/8JEvJ1UYu1 — Francis Ngannou (@francis_ngannou) January 18, 2022 Francis Ngannou is the first UFC fighter to team up with the popular payment app for a Bitcoin giveaway. But, as AfroTech previously...