UFC parent company lost $30M on White House fight
Summary
TKO Group Holdings, the company that owns the UFC, reported losing about $30 million from their June event held at the White House. The company faced higher than usual expenses but managed to cover some costs by selling global partnership deals.Key Facts
- TKO Group Holdings is the parent company of the UFC.
- The company held an event called UFC Freedom 250 at the White House in June.
- The event caused the company to lose approximately $30 million.
- The company faced much higher costs than normal for the event.
- Part of the expenses was offset by selling global partnerships.
- Andrew Schleimer is the Chief Financial Officer of TKO Group Holdings.
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