The UFC was sold for $4 billion to WME-IMG a few short weeks ago and president Dana White made a truckload of cash as a result.
It seems like a win-win for White who has been involved with the company for 20 years. He owned nine percent of the company when the sale was finalised a couple of weeks ago and he’s reported to make an estimated $360 million as part of the deal.
However, White also signed a five-year deal with the new owners to remain president of his beloved company. So, he essentially stays in the same role but with a humongous payday.
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“It doesn’t suck,” White joked when speaking to 'Jimmy Kimmel Live' on Thursday.
“I got a couple bucks,” White said with a laugh. “So what they do is when you do a deal like this, it has to go through a bunch of regulation and once the regulation is done and the thing finally closes, I guess you just get a check.”
One drawback means he does not get to work with his longtime friends and partners in Lorenzo and Frank Fertitta any longer, and that's just one of the things that has weighed heavily on his mind since the sale was made.
“I can tell you this and this is the honest to God truth — when this deal closed, it bugged me out a little bit,” White said. “When you make that kind of money and my partners, I’ve been with them for 20 years so that’s all going to change. I have new partners now.
“I kind of Howard Hughes’d myself up into a hotel room for a couple of days. I didn’t sleep or eat, it kind of freaked me out a little bit.”
To be fair, drinking in that amount of money must be quite a feat that only a precious few individuals in the world have to deal with. There sure are harder tasks, mind.
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