Dankanator
For Millennials. By Millennials.

Jake Paul Is Investing In UFC’s Parent Company Endeavor

0 193

After being undefeated as a boxer, Jake Paul is stepping up to make some real changes. Recently, it was revealed that he is investing in UFC’s parent company, Endeavor. According to reports, Jake has partnered up with Geoffrey Woo to focus on fighter pay and and providing them with health care. In the past, he had a feud with UFC’s president, Dana White about the same issue.

Since a while now, Jake Paul have talked about increasing fighter’s pay.

After it was revealed that Tyron Fury’s opponent, Francis Ngannou made 50 times less than him, Jake Paul expressed his shock. In a tweet, he demanded that fighters should be paid better. Speaking on The Mystic Hour podcast, MMA veteran Antonio Mckee talked about Paul’s involvement with the cause and said:

Unfortunately, UFC treated me badly after being undefeated for like eight years. I was on an eight-year run where I was treated real bad but I’m very fortunate and blessed to meet a guy like Jake Paul. He’s saying and doing a lot of things that at first I thought was for the clout but then I realised was actually because he’s about the fighter. There’s something really big about to pop, I’m not going to say too much because I’m not supposed to but you’re going to hear something big in the next week and Jake Paul is one of the people who made it happen.

Related: Jake Paul Denies Sexual Assault Allegations, Saying Accuser Was Paid To Do It

At the same time, Paul and Dana White have also been feuding about it.

After his fight with Tyron Woodley, Jake Paul challenged Nate Diaz and Jorge Masvidal to fight. However, they cannot fight without the permission of UFC president Dana White. When media outlets asked about it, he said that he does not plan to allow them to fight. This led to Jake Paul challenging White to increase the fighters’ pay to $50000 which is $12000 at the moment. He also asked White to give the fighters healthcare benefits as UFC president has quoted that brain damage from the fights is part of the gig. Similarly, he said that he would immediately retire from boxing if White accepted the terms. In response to this, Dana White accused Jake Paul of using steroids and that he will be tested randomly for drug use. At the same time, he suggested that Paul start his own business if he think UFC treats its fighters badly.

Recently, Jake Paul announced that he has invested in UFC’s parent company Endeavor.

After his feud with Dana White, Jake Paul decided to change things from within. Therefore, he announced that he is investing in UFC’s parent company. In a tweet, he wrote about this and said:

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”.

Meanwhile, his partner, Geoffrey Woo shared his tweet and wrote:

Jake Paul, our partners, and I are excited to announce our latest @antifundvc investment — Endeavor (NYSE: EDR), the parent company of the Ultimate Fighting Championship (@UFC) — and our goals for the business as impact investors & venture capitalists.

This is a huge step for Jake Paul and all the fighters who have faced problems after working with UFC. Meanwhile it would be interesting to see how Dana White responds.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More