09-10-2016 20:00 via mmafighting.com

Goldman Sachs reportedly cautioned due to large debt financed in UFC purchase

Bloomberg reported this week reported the Federal Reserve bank supervisors have issued a caution to Goldman Sachs Groups, Inc. regarding WME-IMG taking on more than $1.8 billion in debt financing in its purchase of the UFC from the Fertitta family.The money was a combination of $1.4 billion for the actual sale of the company to get the bid up to the $4 billion valuation mark, plus another $425 million as part of the company's existing debt.In August, when the first $500 million of the debt went
Read more »