UFC's parent company Endeavor declines to comment on Dana White slapping his wife
UFC President Dana White recently came under immense public scorn. This happened after the MMA personality was recorded on camera getting into a physical fracas with his wife, Anne White, while celebrating New Year's Eve in Mexico. White can be seen slapping his wife multiple times in retaliation to her striking him once.
Watch the video below:
well, this isn’t good.
Dana White said “There was definitely a lot of alcohol, but there’s no excuse" about this per @TMZ
https://t.co/JsxYjdkGrY
The video of the incident started doing the rounds on social media. The UFC supremo was heavily criticized by many fans and journalists within the MMA community. Many keen-eyed social media users brought up White's old remarks on violence against women. It was a significant call for the UFC's holding company to make a strong statement.
However, it seems as though Endeavor will not be obliging those calls and has refused to issue an official statement regarding Dana White and his behavior.
In a report by Andy Nesbitt of USA TODAY, the UFC's holding company officially declined to comment on the situation. The company would continue to keep mum on any further developments on the matter.
Nesbitt reached out to the senior vice president of corporate communications, Maura McGreevy, Endeavor. According to them, Endeavor would not be speaking on White's situation and did not clarify if the 53-year-old will face any punishment.
Read the full article by Andy Nesbitt here.
Place your bets for the upcoming UFC Fight Night main card and earn $$$
Endeavor stock price falls after video of Dana White slapping his wife goes viral
Earlier this week, the UFC's holding company saw its share price take a dive after Dana White made headlines for all the wrong reasons. White was caught on tape having an intoxicated altercation with his wife at a New Year's Eve party in Mexico.
White serves as the President of the UFC and is one of the most well-known personalities in the world of mixed martial arts. After TMZ Sports initially uploaded the video on Monday, Dana White issued an apologetic statement almost immediately but that did nothing for shareholders of Endeavor.
Here's the video of Dana white explaining what happened with his wife I'm not saying I agree but here it is Via TMZ I couldn't post the whole interview because I don't have Twitter blue😭 https://t.co/zxta0UjTl8
As of noon on Tuesday, January 3, the shares of Endeavor were down over 5%, to $21.53, while the S&P 500 had fallen less than 1%. This is quite significant in terms of the indirect consequences faced by the company.
Endeavor purchased a controlling interest in UFC in 2016 at a $4 billion valuation and the remaining part in 2021. UFC has been the most profitable segment of Endeavor in terms of EBITDA (earnings before interest, taxes, depreciation and amortization) margin.
While it remains unclear if Dana White will face any real punishment for his actions, his Power Slap Fighting League debut has been pushed back a week in light of the incident.
Check out this post: