WSOF to Promote PPV Events, Announces Revenue Sharing Platform
By FCF Staff
World Series of Fighting has announced that not only does the promotion plan on holding pay-per-view cards in 2015, but that it will share a significant portion of those revenues with its fighters.
According to a press release from WSOF, the promotion “will pay 50 percent of all net revenue earned from live pay-per-view events it produces, to the fighters featured on the telecasts.”
WSOF plans to hold its first PPV sometime in the second half of next year.
The promotion’s president Ray Sefo was quoted saying in the announcement:
“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.”
“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.”
The UFC reportedly shares PPV revenues with some of its top fighters, but the promotion does not disclose those figures.
WSOF’s next event will take place October 11th in Edmonton, Alberta, and will feature Jake Shields taking on Ryan Ford.