Quote:
Originally Posted by roaddawg  You didn't answer his question. To paraphrase he asked, "Was Strikeforce already a sinking ship before being purchased by Zuffa.".
My question:
If the answer from above is no then why did Strikeforce allow themselves to get bought out? |
Strikeforce Backer Wanted to Get Back to Hockey, Zuffa Seized The Opportunity | MMAWeekly.com Quote:
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"SVSE have been great partners, I think they wanted to get back to their hockey business and expansion of sports business, which is their core business."
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Audio from interview here:
UFC-Strikeforce Conference Call Audio with Dana White and Lorenzo Fertitta | MMAWeekly.com
They "allowed" themselves to be bought out, because Silicon Valley Sports [& Entertainment] wanted out, and Coker didn't have the financial backing quick enough to keep the company himself. Whether that was all because Strikeforce was losing money, or whether SVS just lost interest in promoting MMA, I doubt anyone will actually find out for sure. But it likely wasn't them losing money, if this is to be believed:
Strikeforce makes millions on mixed martial arts - Silicon Valley / San Jose Business Journal Quote:
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Strikeforce, 50 percent owned by San Jose Sharks owner Silicon Valley Sports & Entertainment, is on pace to post up to $30 million in revenue in the fiscal year ending this June, said CEO and co-owner Scott Coker. That compares to about $4 million in 2006, the first year it began holding mixed martial arts fights.
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