Kemo
06-24-2016, 04:38 PM
It looks like current UFC co-owner Lorenzo Fertitta will soon have a new gig.
It was reported this week that Fertitta, a current majority owner of the UFC, has accepted a new $500,000 per year job with Red Rock, the timing of which will no doubt fuel the speculation regarding rumors of a potential multi-billion dollar sale of the UFC.
Below is an excerpt from the PR Newswire regarding Fertitta’s new job.
Lorenzo Fertitta, chairman and chief executive officer of Zuffa since June 2008, entered into a five-year new employment agreement with Red Rock, with an annual salary of $500,000, in connection with the latter’s IPO in April. He is currently a Vice President of Red Rock, according to an SC13D filing by the company on May 12, in addition being a member of its board of directors. Also, Stations Casinos and Fertitta Entertainment agreed in October, 2015, to help Fertitta Entertainment employees move money they have in Zuffa 401(k)’s out of that plan and into a new one.
Let the UFC sale rumors continue running rampant. Of course, it’s worth noting that some outlets are reporting the direct opposite regarding a potential UFC sale. Oh yeah, and the UFC themselves aren’t exactly confirming any reports at this point, either.
It was reported this week that Fertitta, a current majority owner of the UFC, has accepted a new $500,000 per year job with Red Rock, the timing of which will no doubt fuel the speculation regarding rumors of a potential multi-billion dollar sale of the UFC.
Below is an excerpt from the PR Newswire regarding Fertitta’s new job.
Lorenzo Fertitta, chairman and chief executive officer of Zuffa since June 2008, entered into a five-year new employment agreement with Red Rock, with an annual salary of $500,000, in connection with the latter’s IPO in April. He is currently a Vice President of Red Rock, according to an SC13D filing by the company on May 12, in addition being a member of its board of directors. Also, Stations Casinos and Fertitta Entertainment agreed in October, 2015, to help Fertitta Entertainment employees move money they have in Zuffa 401(k)’s out of that plan and into a new one.
Let the UFC sale rumors continue running rampant. Of course, it’s worth noting that some outlets are reporting the direct opposite regarding a potential UFC sale. Oh yeah, and the UFC themselves aren’t exactly confirming any reports at this point, either.