The UFC had no choice but to change their format. This included adding weight classes, rules, time limits, equipment requirements, etc…by this time the UFC was hanging on by a thread financially.
In 2001, the UFC was purchased by Dana White and the Fertitta brothers Frank and Lorenzo and the entity Zuffa, LLC was created. Zuffa, LLC became the parent company of the UFC. The UFC is still based in Las Vegas, NV today where the majority of their events take place.
Over the past eight years, that management team has made the UFC what it is today by making it available on pay-per-view, securing large sponsorship deals with companies like Harley Davidson and Anheuser-Busch, purchasing other MMA organizations PRIDE and WEC to increase the talent pool of their fighters, and by using a relentless marketing strategy to sell their product.
The UFC is the king of MMA and holds the majority of the market share. I will overwhelmingly discuss this organization above all others because they are the gold standard.
Other current MMA organizations include DREAM, Affliction MMA, EliteXC, WEC, etc…
Additional MMA Background Info:
To be successful in MMA today, fighters need to be well rounded in each aspect of MMA. The more well rounded the better chance a fighter has to be successful.
Fighters use a combination of boxing, wrestling, judo, jiu-jitsu, karate, kickboxing, etc… These martial arts are used inside the octagon cage as the fighters go through a physical chess match with their opponent.
Regular fights are three five minute rounds. Championship fights are five five minute rounds. There are also one minute resting periods in between each round.
There are a number of ways to win a fight and also many rules that must be followed by the fighters. To view both click here: http://www.ufc.com/index.cfm?fa=LearnUFC.Rules.
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