Post by Patrick Bateman (original) on Nov 29, 2008 4:03:17 GMT -5
For those of you who like tales of intrigue and suspense, take heed of a major sign that the UFC's backers might have to buckle down.
The Fertitta family is wrapped up in Station Casinos' having to rework their current financing deals to keep their casino interests afloat in a battered economy. Having a significant interest in the corporate empire that is Station Casinos, Fertitta Enterprises stands to suffer significantly if the outlook stays bleak for any sustained period.
Why should you care as a UFC fan? We're talking about the 90% owners of Zuffa, the biggest of big dogs in the MMA market share fight. If they are suffering due to being so heavily leveraged with their major casnio interests, trouble with their UFC financing could certainly follow.
They appear to be setting on the Fertittas reign as Vegas kingpins if something drastic doesn't happen soon. Even with the new financing structure, bankruptcy is not out of the question.
The Fertitta family is wrapped up in Station Casinos' having to rework their current financing deals to keep their casino interests afloat in a battered economy. Having a significant interest in the corporate empire that is Station Casinos, Fertitta Enterprises stands to suffer significantly if the outlook stays bleak for any sustained period.
Why should you care as a UFC fan? We're talking about the 90% owners of Zuffa, the biggest of big dogs in the MMA market share fight. If they are suffering due to being so heavily leveraged with their major casnio interests, trouble with their UFC financing could certainly follow.
They appear to be setting on the Fertittas reign as Vegas kingpins if something drastic doesn't happen soon. Even with the new financing structure, bankruptcy is not out of the question.
