Like, all of it.
Owning a hockey team, a basketball team, and an EPL team is never enough when you’re a walking Forbes profile. It’s like a starter pack. And true luminaries need the expansion pack. That’s why David Blitzer is bidding to buy the UFC. According to sentient sponsored tweet Darren Rovell:
“The owners of the UFC are in advanced talks to sell the business, sources told ESPN.com.
At least four bidders are believed to have submitted bids for the organization, including WME/IMG, China Media Capital, The Blackstone Group and Dalian Wanda Group. The winning bid, should things proceed, is expected to be for a valuation between $3.5 billion and $4 billion, multiple sources with knowledge of the negotiations told ESPN.com …
A senior executive at the [Blackstone Group], David Blitzer, owns a minority stake in the New Jersey Devils, Philadelphia 76ers and British soccer team Crystal Palace.
Blitzer’s Blackstone Group, which sounds like a world banking conglomerate that’s funding some international mercenary squad in a Mission Impossible movie, has some real bidding competition from … you know … THE CHINESE STATE:
Another bidder is state-backed investment firm China Media Capital, which in October beat out Dalian Wanda and national broadcaster CCTV to win the broadcast rights for the Chinese Super League, the highest level of soccer in the country …
It’s not surprising that the leading bid is said to be from China. Chinese companies have made $110.8 billion worth of deals in 2016 compared with $106 billion for all of 2015, according to Dealogic, a financial markets data provider.
He really Rovells the crap out of that last graf there.
I can’t imagine Blitzer outbidding an investment firm backed by the Chinese state. Might be time to call on those mercenaries that Blackstone Group definitely doesn’t employ, David.