Zuffa LLC

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Zuffa LLC
legal form Limited Liability Company
founding 2001
Seat Las Vegas , Nevada , United States
management Lorenzo Fertitta
Branch Mixed martial arts

Zuffa LLC is an American company that specializes in mixed martial arts . Zuffa LLC was founded in 2001 by Lorenzo Fertitta and Frank Fertitta III to serve as the parent company of the Ultimate Fighting Championship . Lorenzo Fertitta is the chairman of the board of directors and chairman of the supervisory board , while Dana White leads the operational business.

The company name "Zuffa" comes from Italian and means brawl.

Shareholder structure

After 10% of the Zuffa shares in Flash Entertainment were sold on January 12, 2010, the current shareholder structure is as follows:

  • Frank Fertitta III (40.5%)
  • Lorenzo Fertitta (40.5%)
  • Flash entertainment (10%)
  • Dana White (9%)

Subsidiaries

Existing subsidiaries

After Zuffa was able to take over rival Strikeforce in 2011 , the two largest MMA organizations in the world were controlled by one company. After Strikeforce continued to operate independently of the UFC , the organization was finally incorporated into the UFC in 2013.

Subsidiaries that no longer exist

The following MMA organizations were taken over by Zuffa and then incorporated into the UFC. (Year of incorporation)

Insurance of the fighters

On May 9, 2011, it was announced that Zuffa will be offering year-round insurance against all types of injuries for every fighter who is under contract with the UFC . The insurance covers any injuries or accidents, whether they occur during training or competition or outside of it.

In the past, fighters were only insured against injuries incurred during an official match, and then only up to $ 100,000. If a fighter was injured outside of an official fight, he had to pay the treatment costs himself.

The insurance came into effect on June 1, 2011 and is offered by HCC Insurance Holdings .

  • The insurance applies to all fighters who are under contract with either Strikeforce or the UFC
  • The insurance applies to all fighters, whether they are US residents or not
  • The insurance contributions are paid by Zuffa. There are no costs for the fighters.
  • The insurance can also be used by fighters for whom a new fight is not yet planned.
  • The insurance also covers dental treatments.

Lawsuit against New York State

On November 15, 2011, it was announced that Zuffa LLC had sued New York State . The lawsuit is directed against the ban on mixed martial arts in New York, which has remained unchanged since 1997. Well-known MMA fighters such as Jon Jones and Frankie Edgar joined the lawsuit . In the complaint, Zuffa LLC accuses the state of New York that the ban goes too far and, among other things, hampers the free economic movement between the states. In addition, mixed martial arts is a type of live public entertainment and is protected by the First Amendment to the United States Constitution. The application comprises a total of 123 pages and was drafted by the major law firm Morrison & Foerester .

Individual evidence

  1. ↑ a b "Zuffa, LLC" on businessweek.com on December 28, 2011
  2. ↑ "Zuffa" on pons.eu 28 December 2011
  3. ↑ a b Minority interest sold in UFC parent company. on: sports.yahoo.com , January 12, 2010.
  4. ^ Zuffa Purchases Strikeforce. on: mmafighting.com , March 12, 2011.
  5. ^ Strikeforce sale changes MMA landscape. on: sports.yahoo.com , May 12, 2011.
  6. ↑ a b After grand MMA opening, Strikeforce will turn out the lights Saturday night. on: mmafighting.com , January 10, 2013.
  7. ^ Past Zuffa acquisitions and Strikeforce predictions. on: sports.yahoo.com , March 16, 2011.
  8. ↑ a b Zuffa set to offer fighters accident insurance. on: sports.yahoo.com , May 9, 2011.
  9. ↑ a b UFC Execs Fighters and Managers Discuss New Insurance Plan. on: mmafighting.com , May 9, 2011.
  10. ↑ a b Zuffa Expands Fighter Insurance to Cover Training Injuries. on: sherdog.com , March 9, 2011.
  11. ^ UFC Wants To Express Itself In New York. on: wsj.com , November 15, 2011.
  12. ^ Clyde Gentry: No Holds Barred: Ultimate Fighting and the Martial Arts Revolution. Milo Books, Lytham 2003, ISBN 1-903854-30-X , pp. 106, 123.
  13. ↑ a b c UFC sues New York. on: mmapayout.com , November 15, 2011.