24 Sep 2014 10:32:11 AM
(“Y’know Rousimar, it’s a shame how imbalanced the profit distribution is in this sport. Sometimes, it feels like we-OW OW OW OW OKAY I’LL STOP TALKING.” / Photo via Sherdog)
World Series of Fighting turned some heads yesterday — as in, we briefly looked up from our General Tso’s chicken — when the promotion announced that it will begin putting on pay-per-view shows beginning next year. In other words, the second-tier MMA promotion that very few of you watch on cable wants you to start paying for their shows. Make sense so far?
And, because WSOF has no superfights to sell you at the moment, the promotion is trying to generate interest through a unique financial arrangement: Half of the revenue that WSOF takes in through pay-per-view sales will go to their fighters. From the press release…
LAS VEGAS (Sept. 23, 2014) – In a radical move that could forever change the earning potential of Mixed Martial Arts (MMA) fighters, World Series of Fighting (www.wsof.com) has announced that it will enter the pay-per-view business in the second half of 2015 with an unprecedented revenue sharing model that will pay 50 percent of all net revenue earned from live pay-per-view events it produces, to the fighters featured on the telecasts.
“This is a proud day for the sport of mixed martial arts and our organization and one that we hope will create a better opportunity for the fighters who put everything on the line every time they step inside the cage,” said World Series of Fighting President, six-time world champion and two-time Hall of Famer Ray Sefo.
“Until now,” continued Sefo, “one of the main things holding this sport back from becoming even bigger than it is today has been fighter compensation and the inability of the sport’s top athletes to earn on par with top-level professional athletes in other sports.
“If fighters can’t earn a fair share of the money at the top,” said Sefo, “the fighters lose hope or become disenchanted with the sport, which impacts their commitment to training and preparing properly for title fights. That is about to change, thanks to this major step we are taking now fighters will train harder than ever to become a champion giving the fans some epic championship bouts to enjoy. We want to thank NBC Sports and NBC for giving us such an amazing stage to grow World Series of Fighting since its debut…
Additional details about World Series of Fighting’s 2015 pay-per-view launch will be announced soon.
It’s not bad for a publicity stunt. But can this revenue-sharing model actually work? Let’s do some quick math…Read More DIGG THIS