UFC’s Parent Company Endeavor’s Share Value Declines Close to 30% Just Months After Boxer Jake Paul Came Onboard
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Jake Paul has been taking digs at UFC President Dana White for several reasons. The boxer wanted to ensure that White took sufficient care of his UFC fighters by providing them with healthcare and good pay. To all who believed he was all talk, ‘The Problem Child’ showed everyone how serious he was by investing in UFC’s parent company, Endeavour.
On January 25, Paul revealed that he invested in EDR (UFC) stock. At that time, the company’s share value was USD $28.51. Three days later, its value was around USD $30.27.
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However, currently, Endeavour’s share value has drastically fallen. As of May 5, the value was USD $20.00, i.e. close to a 30% decline.
I’ve invested in EDR (UFC) stock with my partner @geoffreywoo 2 focus on UFCs ESG standards relating to fighters. We believe EDR can drive long-term economic value by increasing UFC fighter pay & providing them healthcare. Reaching out to @EngineNo_1 to partner on this “endeavor”
— Jake Paul (@jakepaul) January 25, 2022
Just during the end of December 2021 and the start of January 2022, its share value was quite high; around USD $34.89. However, with the recent fall, it looks like the lowest value the company’s stock has seen in a long time. As a result, it would be interesting to follow the company’s performance in the next few months.
Per ‘Mirror‘, Endeavor went public in April 2021, and thus, the UFC followed its parent company. This allowed people to invest in the promotion for the first time since its establishment in 1993.
Highest Paid Boxers of 2021
Back in 2016, Endeavor brought about 50.1% of the promotion for $4 billion. But soon, they took full ownership of the UFC. With Paul‘s recent entry, it would be interesting to see how much influence he has over the subject of fighter pay and healthcare issue.
Jake Paul and Dana White’s public disagreement
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Paul and the promoter had a very public beef on social media. ‘The Problem Child’ called out White many times and also took digs at UFC fighters Conor McGregor and Jorge Masvidal.
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In fact, ‘The Problem Child’ went ahead and made a diss track on Dana White. With so much going on, people were surprised when the UFC President appeared on Jake Paul’s brother, Logan Paul’s podcast ‘IMPAULSIVE’. The older Paul and White seemed to gel quite well.
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With Jake Paul being a part of Endeavor and also showing interest in MMA, fans are curious to see if the 5-0 boxer transitions to the octagon. Do you think it would be a good idea for him? Let us know in the comments below.
Edited by:
Reubyn Coutinho