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B-nole
SEP 11, 2012 5:00 PM
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Sports
UFC Pumps Millions into Economy
My predictions about the future of UFC and its money-making potential were pretty accurate. The MMA league's popularity is continuing to rise, and the sport is making millions of dollars.
It’s been two years since Ontario lifted its ban on MMA, creating an opportunity for the UFC to finally come to town and millions of dollars to flow into Toronto.
When the province first lifted its ban on the sport, it was predicted the UFC alone would generate more than $6 million annually into the local economy.
Tom Wright, the UFC’s Canadian operations director, made a clear statement on the current status of the UFC's impact on the region.
He said the UFC conducted a study after Toronto’s first event, the massive UFC 129 at the Rogers Centre, and determined $30 million dollars flowed into the city.
Cha-ching!
That includes hotels, restaurants, bars, stores and taxes paid to the province from ticket sales, according to Wright.
A provincial spokesman said Premier Dalton McGuinty remains confident in his decision to lift the ban.
MMA’s popularity has exploded in recent years, but it’s not only the fan base that is growing. There has also been a rise in people wanting to train in MMA and gyms have popped up all over the GTA.
I'm not surprised at all by this trend, and expect it to continue through the rest of the decade.
via Toronto Sun
It’s been two years since Ontario lifted its ban on MMA, creating an opportunity for the UFC to finally come to town and millions of dollars to flow into Toronto.
When the province first lifted its ban on the sport, it was predicted the UFC alone would generate more than $6 million annually into the local economy.
Tom Wright, the UFC’s Canadian operations director, made a clear statement on the current status of the UFC's impact on the region.
“We have easily exceeded that. The UFC has a significant economic impact on every city we visit."
He said the UFC conducted a study after Toronto’s first event, the massive UFC 129 at the Rogers Centre, and determined $30 million dollars flowed into the city.
Cha-ching!
That includes hotels, restaurants, bars, stores and taxes paid to the province from ticket sales, according to Wright.
A provincial spokesman said Premier Dalton McGuinty remains confident in his decision to lift the ban.
MMA’s popularity has exploded in recent years, but it’s not only the fan base that is growing. There has also been a rise in people wanting to train in MMA and gyms have popped up all over the GTA.
I'm not surprised at all by this trend, and expect it to continue through the rest of the decade.
via Toronto Sun
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