UFC CEO Lorenzo Fertitta will appear in an extended interview this weekend on “In Depth with Graham Bensinger” to discuss his role with the company, the rise of Ronda Rousey and many other topics.
Fertitta and his brother, Frank, purchased the UFC and have helped turn it into the premier MMA promotion in the world.
Among the items discussed is a legal document containing how the brothers would settle any dispute, since both own the same amount of shares in the company.
“When we were putting together the partnership and the documents to acquire the UFC, one of our attorneys came to me and said, ‘Hey we have to have a partnership agreement between you, Dana (White), and Frank because you and Frank own the exact equal amount, you have to – if you don’t agree, there’s gotta be a dispute resolution,’” Fertitta said. “So okay, fine. Do this. In the event that we can’t agree on something, the way it’ll work is that we’ll have a sport jui-jitsu match, which is a point system match. Dana will be the referee, and whoever wins – it’ll be three five-minute rounds – whoever wins gets to vote the other guy’s shares. And that absolutely is in the document.”
Check out a clip from the interview in the video below: