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UFC Loses $30 Million on Big Event at White House

UFC Loses $30 Million on Big Event at White House

UFC Loses $30 Million on Big Event at White House
The UFC Freedom 250 event at the White House in June was called a success by officials. However, the financial results tell a different story.
The company that owns UFC spent around $60 million on the event, which was one of the biggest in recent history.
The company's financial officer said they lost about $30 million on the event, which was held to celebrate the US's 250th birthday and President Trump's 80th birthday.
President Trump got a special seat at the UFC event on his birthday.
The company had higher costs than usual, but they made some money from partnerships.
The event did not sell tickets, so the company did not make money from it. This meant the company's profits were affected.
The event had over 34 million viewers worldwide and featured seven fights. It was the first time in UFC history that every fight ended with a knockout or technical knockout.
The White House called the event a celebration of the American fighting spirit.
Despite losing money, the CEO of TKO was happy with the event.
The CEO said the event was a success for the company and the sport of mixed martial arts. It gave the company more exposure and attracted new fans.
Other executives also praised the event, saying it generated over $1 billion in free media coverage and helped the company's partnerships.
President Trump celebrated his 80th birthday with a cage fight at the White House.
The event helped the company get new marketing partners and deepen its relationships with existing ones.
Even though the event was a success, it won't be held again at the White House because it was too expensive.
The UFC president said the company can't afford to hold the event again and has no plans to do so.