Youtuber turned boxer, Jake Paul has been growing in prominence in the scenario of professional combat sports. He has faced off in the boxing ring against eminent fighters like Nate Diaz, Anderson Silva, Tommy Fury and Tyron Woodley. The “Problem Child” is known to be harshly outspoken and he does not hold back while criticising, even if it’s his own brother.
Being an avid boxer himself, Jake has even launched his own Promotional Company by the name of ‘Most Valuable Promotions’. The company has co-produced Paul’s fights with Tyron Woodley, Anderson Silva and Tommy Fury. “There’s a new era of boxing, and there’s a new way about promoting these fights, — and that’s what we specialize in at Most Valuable Promotions”, Paul said about his company.
Jake Paul Describes the PFL’s Saudi Arabia Contract as “Big Business”
Known to be the “Problem Child”, the younger Paul brother has always shared his opinion without filtering anything. In a recent tweet, he expressed his views on how fighters should be treated by Promotional Companies and PFL’s monumental deal with Saudi Arabia. Paul spoke about how fighters are treated like “employees” when they are paid “less than 20% of revenue”.
It is not sustainable to pay fighters less than 20% of revenue and fully control their services like they are employees. Fighters are the IP, pay them or free them. They put their lives on the line for you to make money.
Oh and there is the class action lawsuit. Big business… https://t.co/ZXC2M3OL0s
— Jake Paul (@jakepaul) September 1, 2023
The PFL’s contract with Saudi Arabia involves the sale of $100 million of minority stake. PFL intends to extend its arms into the Middle-East and SRJ Sports Investments (formed by Saudi Arabia’s Public Investment Fund) aims for the growth of the country. Therefore, the deal benefits both the sides in their own ways.
Jake Paul stated in his tweet that this deal is “big business”, providing a link which stated that Endeavour Group’s stocks depreciated in value due to this PFL-Saudi Arabia contract.
WWE and UFC Parent Firm Endeavor Group Stocks Fell Drastically
As the deal between PFL and Saudi garnered more and more attention, on the other side of the coin, WWE and UFC parent group Endeavour shares kept falling drastically. This reaction was apparently catalysed by the deal that PFL made. Both WWE and UFC have been dominating the fighting scenario for a long time and seeing this sudden decrease was certainly a shock for a lot of the people.
There can be multiple reasons for this fall of the companies. Fans are buzzing with curiosity and trying to figure out the reason for which this has happened. Some anticipate that it could be because investors are worried about the future prospects of the companies. Considering the fact that so many fighters are recently testing positive in drug tests, that could be a reason as well.
What do you think of the PFL deal? Would that advance the MMA scenario in the Middle East? Was Jake correct in publicly humiliating Promotions like that? Make sure to let us know in the comments below.
