The Chris Voss Show - The Chris Voss Show Podcast – Cage Kings: How an Unlikely Group of Moguls, Champions & Hustlers Transformed the UFC into a $10 Billion Industry by Michael Thomsen
Episode Date: June 23, 2023Cage Kings: How an Unlikely Group of Moguls, Champions & Hustlers Transformed the UFC into a $10 Billion Industry by Michael Thomsen https://amzn.to/3NGBV0d A cultural and business history of the... UFC, tracing the unlikely rise of mixed martial arts from what was derided in the ‘90s as “human cockfighting”—more violence than sport—to a global pop culture phenomenon. Senator John McCain once decried mixed martial arts as “human cockfighting,” while the New York Times despaired that the sport offered a “pay-per-view prism” onto the decline of western civilization. But the violent spectacle of cage fighting no longer feels nearly as scandalous as it did when the sport debuted in 1993. Today, it’s spoken of reverentially as a kind of “human chess” played out in real-time between two bodies and the UFC is one of the most valuable franchises in the world, worth more than any team in the NFL, NBA, or MLB and equal to what Disney paid to acquire Marvel Comics. Once banned in thirty-six states and hovering on the edge of bankruptcy, the UFC has evolved into a $10 billion industry. How did cage fighting go so mainstream? A rollicking behind-the-scenes account of one of the most spectacular upsets in American sports history, Cage Kings follows the desperate fighters, audacious promoters, fanboy bloggers, fatherly trainers, philosophical announcers, hustling sponsors, and three improbable twentysomething corporate titans on a darkly comic odyssey to normalize a new level of brutality in American pop culture—and make a fortune doing so. Stylishly written and poignantly observed, the book offers a provocative look at how the hollowing out of the American dream over the past three decades and the violence endemic to modern capitalism left us ready to embrace a sport like cage fighting. About the Author Michael Thomsen is a writer in New York. His work has appeared in The New Yorker, The New York Times, The Washington Post, The Atlantic, Slate, Vanity Fair, The Daily Beast, Aeon, Forbes, Al Jazeera America, Adult, Talking Points Memo, Los Angeles Review of Books, Complex, The Paris Review n+1, Bookforum, The Believer, The New Republic, Kill Screen, The New Inquiry, and The Millions.
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that you have joined with us today in the uh holy macrimony of the chris vosh show the giant cult
religion this guy it's not a cult don't don't don't start doing that chris the giant podcast
in the sky 14 years 1400 episodes two to three new podcasts a day of the most brilliant minds
we can book on this show like literally we day of the most brilliant minds we can book on
this show like literally we only take the most brilliant of minds and then there's me so there's
that anyway guys uh we're gonna be talking about the ufc today and the story behind the ufc you
may have heard of it it's a giant uh it's a giant federation of uh some stuff that goes on
so we're gonna get into it and find out what
it means and what it's about and how it was built and how the ufc turned into a 10 billion dollar
industry in the meantime go to goodreads.com fortunes chris voss youtube.com fortunes chris
voss linkedin.com fortunes chris voss over on tiktok where chris voss won and the chris voss
show podcast as well see See what we're producing
over there. I'm talking to people daily
like I guess you're supposed to over there. I don't know.
You're talking about stupid stuff. I will not dance on that.
That will not happen.
He's the author of the latest book that just came
out June 20th,
2023. Cage Kings.
How an unlikely group
of moguls, champions,
and hustlers transformed the ufc into a 10
billion billion billion as it be industry uh and that's just one there's into a 10 billion
dollar industry people are going to be double tripling the billion when they search for it
on amazon so don't do that uh michael thompson is on the show with us today and he'll be talking
to us about his amazing insight research in the book. He is a writer in New York.
His work has appeared in The New Yorker, The New York Times, The Washington Post, The Atlantic, Slate, Vanity Fair, The Daily Beast, Aeon, Forbes, Al Jazeera America, Adult, Talking Points Memo, Los Angeles Review of Books, Complex, The Paris Review, N Plus One, Book Forum, The Believer, The New Republic, Killscreen, The New Inquiry, and The Millions. the paris review and plus one book forum the believer the new republic kill screen the new
inquiry and the millions and now he's reached the pinnacle's career the chris faugh show welcome
michelle michael how are you i'm great thank you for having me sorry there you go i'm glad we could
finally just cap off you know just the pinnacle of your resume there yeah absolutely i should
have shortened the list i was getting a little bored myself
listening to all those.
You do four. Stop at
four. There you go. I don't think we have
anybody from Slate or Al Jazeera or America
on. We should look into that and see what's going on there.
So give us a.com so people
can find you on the interwebs, please.
A.com?
Or.net or whatever
Twitter.
I largely just operate on a gmail at this point given up having a port i have a portfolio site but okay i have a twitter account that i never really
look at or use that often anymore but you know all right well best thing to do is just to go
to the amazon link on the chris voss show and order up the book and then you can send him a nice you can tell him what
you think of him on the review there you go does that work that work good sure uh so uh what
motivated you want to write this latest book and i think you have two or three books don't you
yeah well sorry i i wrote kind of a essay collection about like love and dating and stuff like 10 12 years
ago and then i had a essay in an anthology about um american cities where i wrote about the city
i grew up in fresno uh which coincidentally is one of the most fervent um one of the most fervent mixed martial arts fan towns according to one one recent uh audience
survey um so i i the book had a couple of different sort of stages originally i wanted to
write a history of prize fighting across you know a couple hundred years to kind of look at the way
um how different sort of eras sort of gravitated to
violence in different ways and how they presented it um culturally and then you know over the course
of about a year and a half that kind of whittled down i got some very helpful suggestions from my
editor at simon and schuster's like why don't you just tell the history of one time and place
instead of stretching it out across you you know, all of these things.
You might be able to go deeper if you just sort of focus a little more narrowly on just this time and place.
And so, I mean, the UFC was the most obvious choice in part because I'd been a fan my whole life.
I was a junior in high school when the first one came out and it kind of every stage in my life, it's always sort of been there in the background,
partly because I was,
I was always interested in martial arts and boxing and fighting.
And also partly because they were interested in people like me,
my demographic,
I was their target audience and I was sort of curious about what made,
you know, my generation my specific age cohort
so valuable to companies like the UFC why what what kind of business were they building out of
a kind of audience of people like me what was the sort of mechanisms behind the scenes that
that made that work financially so there you go that that's interesting that you mentioned the span of time and the arc of generations.
Because I grew up with boxing.
I grew up with Muhammad Ali and Frazier.
And who did I just do an imitation of?
I always forget his name.
But I grew up watching ABC, Wide World of Sports.
Yeah, me too.
Crow.
Why can't i remember uh i can't remember the the famous uh abc announcer who you know he was he was co-sell how it goes sell yeah this is how it goes sell
um and i i i just i thought he was the greatest dude ever and of course you know watching those
fights those the muhammad ali and his prime, just something else to behold.
And then generationally, weirdly, my brother never got into it, but he got into World Wrestling Federation, WDF.
I still to this day think it's real, or he thinks it's real, I think this day which may explain his uh who he votes for and
as a president um and then uh and then you as you mentioned uh you know you you kind of came of age
under ufc so it's interesting kind of how uh that develops as time has gone by yeah i mean there's a
lot of there's a lot of back and forth between the worlds of pro wrestling and the UFC too. I think Josh Gross, who wrote the
history of the Muhammad Ali versus Antonio Inoki fight, he sort of fished out of the archives,
but apparently Vince McMahon's senior, Vince McMahon's dad, who sort of got the WWF off the
ground and turned it into a juggernaut. In the 60s, he used to use the phrase mixed martial arts to promote the WWF and pro wrestling.
So it's an idea that's got a long history.
And the Fertitta brothers in 2000,
when they brought the company and took it over,
they used a lot of the WWF at that time.
It was pre-WWE.
They used a lot of the legal framework
for how that business was structured
for fighter contracts and just revenue modeling
to see how they could make the UFC a success.
There you go.
And your title of the book is
How an Unlikely Group of Moguls, Champions, and Hustlers Transform the UFC.
Give us a 30,000 overview of the book, if you would, please, kind of top-down so we'll get the deets yeah sure I you know my
my glib way of describing it was kind of war and peace for the tribal tattoos and
cargo shorts generation suburban men the cargo shorts. Wow. Shots fired.
Yeah.
I mean,
you know,
if you know,
if you know,
you know,
if you know,
you know,
yeah.
It's,
it's a sprawling kind of story.
It spans multiple generations.
It starts in the nineties when the business environment was very different.
The whole plan for the company was a very different plan
than what we know of today as a UFC.
But it kind of just, you know, tries to chart and track the lives
of both the fighters involved in the UFC and the people running the UFC
and how, you know, in parallel, you know, the company shaped each of their lives
and ambitions and
what they hoped for. And that's, you know, Dana White or Bob Meyerowitz or Art Davey,
or, you know, the Furtita brothers on the sort of corporate side. And then on the fighter side,
I picked four main fighters that kind of spanned the company's whole sort of history up to the sale in 2016 it's randy couture nick diaz and his brother
nate ronda rousey and then conor mcgregor is sort of the big finish do you get into dana white much
i mean yeah absolutely the guy that sure yeah yeah it's the last word in the book how were
they friendly to you did they give you any interviews or any space time
um the ufc cooperated a bit they gave me a few interviews and i i went out to vegas a few times
to talk um kind of off the record just about what the book was what i was interested in like what
are you writing yeah you know to feel me out and you know i got to visit the offices a little bit
that office is massive out there isn't it that facility yeah i kind of described it in the book in the epilogue i sort
of write about one of those trips it's it feels almost like a military compound like you're in a
green zone or something it's like a big sort of barrier around it there's like a big quarter mile
parking lot before you can get up to the and then it's just this cube in the middle of nowhere.
It's out in the middle of nowhere,
which is pretty much,
I think you just described Vegas actually.
So yeah,
there's another book just about Vegas.
There you go.
That could be the next one.
Yeah.
The parking spots of Vegas.
Uh,
you know,
what's interesting to me is you,
you talk about the rise of this thing and it
went through a couple of kerfuffles that almost seemed like it was going to kill it and put out
a business. And I think this is why books like yours in the story makes it much more salient
and interesting because this wasn't just like an overnight success story. It was like, Hey,
we're going to do this. And boom, At one point, they started doing the fights,
and you'll, I'm sure, fill me in better on this,
but they were banned in many states.
How did that play in some of the details that you uncover in your book?
Yeah, I think that's one of the interesting things
I kind of tried to tease out in the first chapter a little bit
was kind of how small an operation it was
initially like anyone that maybe has worked in the entertainment industry like before i started
writing i worked in the movie industry for a while and like you know the way that sort of movies and
tv shows are designed to be able to scale up very quickly for like a five or six week shoot and then
just evaporate again into like a producer and an assistant sitting on
a studio lot that's kind of the world the ufc came out of where you know it was a very small
you know the company that financed it originally or partially financed it um semaphore entertainment
group um you know they're a subsidiary of bmg the big music conglomerate. And, you know, their sort of idea was
that they were supposed to find original pay-per-view
programming. And
you know, they had a pretty small staff
and they found Art Davy
who was pitching this idea for what
would become the UFC.
And they kind of just put it together
in a matter of months. Davy had been
working on it on his own for
a couple of years at that point.
But by the time he got their backing,
it went, I think, within seven or eight months
from them being interested.
I think he had called them in March of 1993
and they targeted an October sort of live broadcast.
And so the whole thing, you know,
it was a really small number of people
and a really short period of time and they just ran with it.
And so they were not at the point of like doing exhaustive legal research or anything like that.
They were just sort of like getting over every hurdle as quickly and simply as possible.
And, and, and it was interesting how the put, how big the pushback was i think when it first launched um you know i mean
you see this with the uh the establishment of you know i i lived in utah during skiing when
they finally came out snowboards and oh my god that was heresy and you know they were getting
banned and kicked off the off the uh off the slopes and banned from skiing.
And then years later, they finally adopted it.
And I think boxing was so big back then.
The World Wrestling Federation, I don't know if they opposed it,
but I believe it was the boxing commissions and stuff that were like,
this is not going to fly.
Is that how it worked?
Yeah.
I mean, it initially started.
And there was an ambiguity with a lot of boxing commission.
That's why they launched in Denver because there wasn't a commission there to interfere one way or the other. So they couldn't get approval or not. So,
but as soon as people realize that's how they were operating,
then a lot of States, a lot of local politicians, you know,
some just sort of cynically for PR wins,
but others out of kind of a genuine moral conviction, really started to try and oppose
the sport. But initially, the UFC had a number of early wins in court, because courts would rule
that because it was such a new sport, the laws sort of defining how athletic commissions operated
they didn't actually have um the ability to to you know oversee mixed martial arts because it's
you know they're the way their laws were written were about boxing about you know other sports
they don't specifically mention mixed martial arts you cage fighting. So a lot of courts early on said, like, you know,
you don't have authority to stop this under the specific law
that governs the commission.
And they figured that pretty quickly,
and that's when you had this sort of cascade of state legislatures
sort of correcting that loophole pretty quickly
and then putting pressure on the pay-per-view providers.
And I think starting
in 97 that's when all the pay-per-view providers pushed the ufc off to kind of appease john mccain
and then you know the only place you could get ufc from 97 to 2001 was um satellite pay-per-view
which is like 20 of the amount of homes that you had with linear cable pay-per-view which is like 20 of the amount of homes that you had with linear
cable pay-per-view and they they really struggled and then you have a quote from the book senator
mckean john mckean once this derived decried martial arts as human cock fighting um you know
i told you in the pre-show my friend at club axis Access, Corey Draper, used to hold the UFC fights when they got banned everywhere.
And Utah has loved it, man.
They caught on to it really quick.
And my models from my modeling agency used to be the model girls, the card girls or whatever.
And I've got plenty of photos of that.
I never even photos of that. I, I never even thought of it, but, um, uh, what was interesting was watching him cause
I would get ringside because I, you know, they were my girls.
And so it was, you know, you're like, Hey, I get ringside.
But I remember it was hard to, it was hard to deal with, uh, with the violence level
of it.
Cause you weren't used to it.
And I felt, I felt stuck in the mud, like, you know, I Muhammad Ali boxer, there's just, there's something of class to it, which there probably isn't.
It's two men beating each other to death.
Um, but I remember watching it and I remember telling the joke that I've told ever since that, that, well, now I know what a prison grape looks like.
Uh, it's just the violence and men crawling around with each other on the floor and, and
just, it, it didn't seem, it seemed to be way more violent to me.
And I think it is, uh, than boxing, but it was hard to wrap my head around me.
Basically is what I'm saying.
I had a hard time with it.
I think a lot of people did.
And, uh, I don't know what that means or what, how that's pertinent, but, uh, it was something
that I think people kind of struggled.
Maybe we had to come to an agreement with that as a society go.
Yeah.
Okay.
Let's let this roll.
Yeah.
I mean,
I think there's still,
you know,
some debate about whether it's more or less violent,
you know,
the MMA people say it's,
it's less violent than boxing because it's less about head trauma.
And,
you know,
there's a lot of sparring is grappling sparring. It's not, you know, just striking sparring. It's less about head trauma. And, you know, there's a lot of sparring is grappling sparring.
It's not, you know, just striking sparring.
It's more of a mix and gloves and, you know, allow you to transmit head trauma.
It takes a lot more force with gloves on to knock someone out than with the four ounce gloves.
I would, in the end of the the day i think they're both probably equally
violent i think the ufc was just a new form of violence that people weren't used to and there
was a sort of barbarism to especially the early shows where you know um you know i kind of quote
in the in the book that you know people were pulling each other's hair out in the first UFC. And the commentator, Kathy Long, who was a world champion kickboxer,
who was doing color commentary, was like,
wow, you can see just tufts of hair falling down into the octagon there.
That's not something you see every day.
But that was legal, too.
There was a period where groin strikes were legal.
You had some absurd kind of moments of two guys just on the ground,
just taking turns
just like walloping each other's crotches fridays at my house yeah it's true that's the wife um the
uh you know i and and and and when you really think about it like you mentioned it is a bit
high-minded to say well it's more violent i mean i was i paid for the pay-per-view or i watch what's his face chew off a guy's ear what was that fight um evander holyfield yeah and uh yeah that was that was a
bit violent uh in fact i think evander holyfield probably uh got the brunt of that one so uh they
they tend they're doing this thing and then they meet i believe the vegas people right uh yeah so um
the original owner of the ufc bob meyerowitz was trying to get the company back on cable sort of
in a desperate push and he was going all over the country trying to get athletic commissions to
sanction it and sort of um undo some of the political damage that had come out of their
sort of first couple of years of runaway success where they were kind of making more money than
they were prepared to, I think initially even. Um, and Lorenzo Fertitta was the youngest member
of the Nevada state athletic, uh, commission, um, at that time. And so he was one of the people that,
um, Bob Meyeritz and a lobbyist
he brought with him was trying to persuade to um let the ufc hold events in nevada because he had
been told by some cable operators that if he got a big state a state that had a boxing legacy like
nevada that was as respected as the Nevada commission was, you know,
for whatever you take that for.
If he could get that, something like that,
then they would consider putting it back on regular pay-per-view and sort of save him from the satellite kind of limbo zone he was in.
And, you know, that would turn the money pipe back on.
That would help him be able to start turning a profit again.
And tell us about the Fertittas because I mean, it was this,
it was this a kind of a linchpin moment where legitimate money comes in and
kind of, well,
a big money comes in and kind of legitimizes them and, and,
and that kind of helps move the needle.
Yeah, absolutely. I mean, I, I think that's the big catalyst.
So the Fertitta brothers, Lorenzo and Frank the needle? Yeah, absolutely. I mean, I think that's the big catalyst. So the Fertitta
brothers, Lorenzo and Frank the third, they, they are heir to station casinos, um, which is the,
the first major locals gaming casino in Las Vegas. Their father, Frank jr started it in
the mid 1970s, uh, with the idea that this would just be a casino for local people.
It wouldn't be a tourist attraction.
It was off the strip.
It was out in the middle of nowhere on Sahara Boulevard.
And all it would be was sort of bingo, slot machines,
some light table games,
and just a friendly, low-key place for people to kind of let off steam.
And over a few decades decades it sort of transformed
into a giant billion dollar a year business so by 2000 which is the year that they um they took
over the ufc the end of 2000 that same year station brought in almost a billion dollar i
think it was 980 million million in revenue for the year.
I think at that point they had something like 16 different casinos around Las Vegas,
all off-strip, all in the sort of suburbs.
All off-strip, all local.
Yeah, and they really controlled it.
So they had deep, deep pockets, and they had even deeper access to credit and banking,
and they had a lot of connections politically.
And they had a lot of, one of the people they wound up hiring later on came from the Nevada Attorney General's office.
Another person they hired to help deal with athletic regulations was Mark Ratner, who
was another member of the Athletic Commission
in Nevada. So, you know, they had a lot of cachet with people that Bob Meyerowitz didn't.
And sort of like I was saying earlier that, you know, about how small an operation the UFC
originally was. And that's sort of part of how they got in so much trouble is that, you know,
they had more success than they were prepared to really deal with sort of
politically, legally, financially,
it's sort of just all happened all at once. And, you know,
they're trying to solve seven different problems,
big problems when they're really only equipped to do, you know,
one or two at a time. But the Fertittas had money, they had capital,
they had reputation that allowed them to deal with all seven of those problems simultaneously. And it, it wasn't a threat to their
livelihood. You know, they could lose $7 million when they're making $980 million from the gaming
business. You know, that's, that's not a sort of fundamental threat to their,
to their wellbeing the way it was for Semaphore. There you go. And it just goes through this whole
arc and, and now it's you
know it's just huge mainstream they make a lot of money what are some of the most uh more surprising
maybe stories or teasers or tidbits you can give us maybe that you you found in the book that you
were just like wow people are really gonna be mind blown when they read about this
yeah that's a tricky question i have to think about that for a while. Part of it because
it's such a complicated story. I mean, one of the hard parts about writing the book was
trying to condense the history of a company which now is like, you know, 400 some employees
big not counting Endeavor and, and all the other how to make that a sort of coherent vision.
So, I mean, a lot of the things that I found most memorable were really like character moments.
Here's what I actually had to cut this out of the book, but I spent some time with Nick and Nate Diaz's boxing coach, Richard Perez,
who I think is just a great guy.
And I love talking with him, but he's a guy that's, you know,
he doesn't get a lot of notoriety in MMA circles,
but he was, he's such an interesting character.
He was,
he was thrown out of his house when he was 14 because he was epileptic and
his father was deeply religious.
So he thought when his son was having seizures,
he was being possessed by demons.
He was completely freaked out by it.
So he kicked him out and his father had also been a pro boxer and he had
brought up all his kids to learn how to box.
He brought them to the gym with them,
you know,
when they were younger.
So when Richard found himself out on his own for the first time,
um, boxing was the only way he knew how to support himself. So he would make money by offering to
be a sparring partner. He'd spar for 25 bucks a session with guys in Fresno, which is my hometown.
That's where he grew up too. And just, you know, as a teenager, completely alone, that was his one way of sort of not ending up homeless or on the streets. And then, you know, that led him to eventually being a boxing coach. Um, and even that, you know, he, he coached world champions, but he never made enough from it that he was able to quit his day job so when he met Nick and Nate he was still
working as a high school janitor and then just going to the gym at night to train fighters and
it's stuff like that those kind of details that sort of like the human kind of circumstance that
lead people into fighting and and what kind of characterizes that the relationship people have over a lifetime in fighting sports that to me was
was the most meaningful like it that's the stuff that sticks with me after having gone through this
whole six-year process of reporting this stuff out there you go yeah the the um and then even with
the for tds they they had trouble with uh, there was financial issues for them when the fall of that, I think it was the 2008 crisis where they've kind of extended themselves, 2008 housing crisis.
Because I remember they had several projects under works for the station casinos.
They were building like, I don't know, a station casino, like 7-Elevens at one point.
I think it was projected. I remember the, I think it was the North Las Vegas
one that
got them kind of overextended
and in trouble, I think, when they were building it.
Yeah, that had just opened
when the collapse happened.
They had just gone public, too.
And they had, so they had
or they had gone, sorry,
they had gone private. So they had to buy back all their shares.
And they took on a huge amount of debt to do that.
And then they wound up right when the crisis hit.
That was about a year before the real estate collapse.
And so they couldn't service their own debt.
So they had to go into bankruptcy proceedings.
Yeah.
Crazy. Crazy story. couldn't service their own debt so they had to go into bankruptcy proceedings yeah crazy crazy
story and and somehow the ufc just keeps building through this all and just keeps going uh i think
dana white survived a few different uh i don't know moments or i think there was some i think
sometimes there was something either said or different things that happened i know a couple
of fighters have gotten in trouble i think there's one in trouble right now um and there's a lot of it yeah there's a lot of
interesting characters doing interesting things with maybe a little too much testosterone or
maybe some other things going on um but yeah they it seems like they you know they just keep plowing
through and and keep growing and and um uh it just appears there's no end in sight.
In fact, I think it's technically bigger than boxing right now.
Is boxing even still a thing anymore?
I guess it is for lightweight and medium.
I don't even care for lightweight and medium.
Like I said, I guess I'm just an old guy who's on the lawn going,
get off my lawn, kids.
I mean, I still love the heavyweights, you know,
all that fighting. When I see the little guys fighting,
I'm like, well, that's cute.
But, I mean, people love it, so what do I know?
Yeah.
It's, you know,
it's a common theme in the UFC,
too. One of my best friends
only watches heavyweight fights.
Yeah. Okay, so I don't feel so
bad then. I'm not that old stick of a mud.
If you grew up watching fucking Ali and Frazier
and all the greats from back in that day,
it was an extraordinary time to live through.
And the fighting, when you've seen the rumble in the jungle,
when you've seen the rope-a-dope, you know,
and watching, what's-his-face spar just verbally with,
you know, they were always arguing,
the announcer from ABC, Wide World of Sports,
how it would sell, always arguing and sparring with uh with momily it was just a magical
time of history um and the characters were just seem larger than life and you know i mean i i
could tell that the wf was fake i had to sorry did i break anybody's feelings did i did i tell
somebody santa claus isn't real uh so there's that uh anything more you want to tease out of
the book michael before we go and before I finish
assaulting anybody who likes wrestling
at this point?
I don't know.
I'm not really a teasing kind of person.
I like spoilers.
I'll just tell you how it ends.
Well, I mean, technically you've got a couple books you can work on for this
going on here and on there. I think Dana White's an
extraordinary, interesting guy. Would you
frame him as a consummate leader, visionary, entrepreneur,
endless promoter?
Is he really that dude
can you really look at the UFC
and say this thing
made it because of him
it made it in the
form that it's currently in because of
him
I think it would have survived
regardless I think that's one of the
myths that gets told a lot that MMA
wouldn't exist without UFC and Dana.
And they were,
you know,
the Fertittas and Dana White were certainly central to MMA getting formed
in,
in the state that it's currently in.
But,
you know,
even when the UFC in the late nineties was going through its difficulties,
pride was massive in Japan.
There was a massive global audience growing.
That's part of what made it such an appealing acquisition target
for the Fertittas, I think.
They knew they were getting an underpriced asset for $2 million.
$2 million?
Yeah.
I remember that.
That's coming back to me.
Wow, $2 million.
Barrett Meyerowitz offered him 50% for a million dollars.
And they said, we'll take the whole thing for two.
Wow.
But part of what made that such a good deal is in Japan,
you were having 10, 20 million people watch Pride events.
And so that doesn't translate to American revenue per se,
but there's still enough of a spillover audience and enough of a kind of cultural memory.
And even separate from the UFC,
you had this whole new generation of regional fight promoters
like your friend you're talking about.
King of the Cage was going on in California.
IFC had been going on.
IFC actually had the first free televised MMA event,
I think in all the United States,
which was a broadcast on a local affiliate in Alabama
in advance of one of their shows down there in, I think, 98 or 99.
But there was this, you know, you know,
there's a whole host of people working on these sort of knockoffs and
follow-ons from the original UFC success.
So there was a real churn there in the market, you know,
and there was things were catching.
It was slowly kind of building and bubbling up.
It was just whether that would have led to you know the state of mma
today that we have that we're all familiar with with one unified sort of coherent brand which is
something you don't have in boxing you know that's part of you know one of the struggles that boxing
has had is sort of like there's nowhere to go to follow a coherent you know narrative about who's fighting who and why.
So that's what I wanted to really write about in the book,
is not whether they saved MMA,
but how their efforts created MMA that we know today
in the particular form.
There you go.
Yeah.
Maybe it'll be as big as that new thing they have out where you
slap each other in the face so you see that thing yeah is that part of ufc are they the ones that
are that's the fratitas and dana white damn man i believe john mulkey is involved as the old cfo
from the ufc i've started watching i started watching some of those things and i'm just like
holy crap that looks like a man the the football people are like wow that's more you know who's the pittsburgh steelers uh
um old quarterback from the 70s terry bradshaw i mean he sounded like i think at least uh somewhere
under a hundred uh concussions i think in his I don't know. He doesn't remember either. But you watch that
and you're just like, that looks like a concussion
problem the
NFL had. I don't know, man.
Whatever, man. Whatever works, man.
I guess,
I don't know. There's a few people I think
I'd like to see
do a slap fight, at least
with me and my enemies.
Evidently, Elon Musk and Mark Zuckerberg have announced
they might do a cage fight.
Yeah, I mean, that's one you'd rather see them do a slap fight
than a cage fight.
I mean, I would pay to not watch them.
Yeah, because they're just going to pull each other's hair pretty much
and, I don't know, take swipes at each other
with their HP calculators or something.
I don't know what goes on their pocket protectators or something. I don't know what goes
on their pocket protectors or something.
I don't know.
I don't know. Maybe they'll just take turns
going in deep diving submersibles
that aren't certified and see how that works.
There's that.
That was the whole celebrity boxing
from the early 2000s. If you remember, Fox
used to play like Tom Arnold, I think.
Oh, yeah, yeah.
And Screech, what's his name dust
and diamond and tanya harding do um i forget who the the match-ups were but yeah there was a period
where you think it was tony harding in a kneecap i think uh versus kneecap something like that
there's a whole series yeah i mean it's You know, I, anytime I see cage fighting, I just think
of that, uh, that movie, uh, Thunderdome, you know, two men enter one man leave.
Uh, God bless that show. Uh, so thank you very much for coming on the show, Michael. We really
appreciate it. It's been a lot of fun. And I think people are really, of course, going to join the
book because there's so many fans for this, too, as well.
I appreciate it.
I hope so.
There you go.
Worked very hard on it.
There you go.
I hope people like it.
So we don't have a dot-com or a plug, so people just click the link on the Chris Voss Show.
You'll see it, of course, posted everywhere.
Order the book where refined books are sold.
Cage Kings.
How an unlikely group of moguls, champions, and hustlers transformed the UFC into a $10 billion industry.
What an incredible story.
Thanks for tuning in.
Go to Goodreads.com, Fortunes Chris Foss, YouTube.com, Fortunes Chris Foss, LinkedIn.com, Fortunes Chris Foss, and find us over at TikTok at Chris Foss 1 and the Chris Foss Show podcast.
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Be good to each other.
Stay safe.
We'll see you guys next time.
And that should have us out, man.