Last week we covered much of the history of the UFC leading up the purchase by Zuffa. As usual, I want to direct you to the article on Wikipedia, which is where most of this information came from, I simply merged a few articles together and added my two cents for entertainment purposes.
So the UFC was floundering, it was up against government bans and was hemorrhaging money, unable to keep up without the income from the pay per views. After making some widespread changes to the rules and equipment allowed, they were able to secure U.S. sanctioning, but were on the edge of bankruptcy. (more…)