Last week, it was reported that Shane McMahon, son of WWE owner Vince McMahon and a well-versed WWE executive in his own right, met with UFC President Dana White.
Many speculated as to the topic of the meeting. Dana White, being the secretive man that he can be when he wants to, said "no comment" every time he was asked about the meeting.
Now, it has been reported from both MMA and wrestling insiders that Shane McMahon will be buying into the UFC.
MMA fans, more specifically UFC fans, need to be happy about this, and I'll tell you why.
Shane O'Mac may be well known in the pro-wrestling circle, but he is a business man first and foremost. He brings a lot of business know-how to UFC, and, as a former VP of Global Operations for the WWE, he brings so much to marketing—not to mention that he has friends in high places.
Many are hoping he could help the UFC get an international expansion, and that is not out of the box either. The UFC can do it if they have a guy who has been there, done that. McMahon is that guy.
He has helped the WWE get into about 30 or 40 different countries outside of North America. He closed a massive deal with Brazil about a year ago, which made the wrestling promotion millions.
McMahon is incredibly smart to come in now because he can easily buy into UFC. If they were already international, he couldn't. Not because he doesn't have the money. For the amount he'd have to put in right now, he would be able to buy a good chunk of the company. But had it been international, it would have only been a small chunk.
He took out $50 million in WWE stock about two weeks ago, and no one knew why. We know now that he could be purchasing a nice chunk of UFC; $50 million for a very well-known international company wouldn't buy 10 percent of it.
As a matter of fact, Shane only owned about 2.5 percent of the WWE when he had $50 million in it. Because it is a well-known, billion-dollar international company, $50 million is nothing to it.
UFC is not a billion-dollar business yet, but Shane can get it there. He brings so much business know-how to the company, it's crazy.
If you want a great guy for marketing and international business, Shane is your guy. He brought millions to the WWE as VP of Global Operations, and will do the same with UFC once he arrives.
Because he is still holding his post as VP of Global Operations until Jan. 1, 2010, many believe nothing financial will happen on Shane's end of things until then. So, I'd expect UFC to start the year without Shane O'Mac by their side.
But by February or March, I could see him investing in them.
UFC, here comes the money!