Fed Officials Question UFC Financial Projections In Sale To WME-IMG -Report

Did a banking group led by Goldman Sachs exaggerate Ultimate Fighting Championship’s financial prospects to entice lenders to help fund a WME-IMG-led group’s $4 billion acquisition of the mixed martial arts operation?
Federal Reserve bank supervisors apparently think it’s possible, Bloomberg reports. Regulators recently warned Goldman Sachs that it might have made too many rosy assumptions about UFC’s potential earnings when it sold about $1.8 billion in debt for the…

Read More