Lorenzo Fertitta file photo | Dave Mandel/Sherdog.com


Ultimate Fighting Championship officials on Thursday held a press conference at Madison Square Garden in New York City to both reiterate the promotion’s commitment to legalizing MMA and to release the findings of a study detailing the economic impact of bringing the sport to the Empire State.

“Fans in New York have to travel to outside states [to attend UFC events]. When they do that, they’re spending tourism dollars that impact those local economies,” said UFC Co-Owner and CEO Lorenzo Fertitta, who attended the conference along with company president Dana White. “We have cities bidding for our event. This sport is now global. It’s time to hold events in New York.”

According to the study conducted by HR&A Advisors, Fertitta said, holding two UFC events in New York would generate $16 million for the local economy. Events run by smaller promotions would inject an additional $7 million of revenue into the state, bringing the total to $23 million, the study found.

“We prepared an economic study, and we made conservative assumptions for economic projections in New York. We assumed that the UFC would hold one event at Madison Square Garden and one event in upstate New York,” said HR&A partner Jamie Springer.

Springer went on to predict that smaller organizations would combine for roughly 70 MMA events, selling 2,000 tickets per show on average, which would make up the other $7 million per year.

Madison Square Garden Sports President Scott O'Neil asserted that as soon as the sport became legal, the UFC would be welcome at the Garden.

“We are thrilled that Dana and the UFC are so committed to New York,” O’Neil said. “UFC and its passionate fans have a home here at Madison Square Garden, and we look forward to welcoming them as soon as the sport is regulated in New York. We have no doubt that UFC would be enormously popular at the Garden and a great addition to our lineup of world class sports and entertainment events.”

UFC lightweight champion Frankie Edgar, a native of nearby New Jersey, was also in attendance. The champ expressed his desire to fight in the world’s most famous arena.

“I can’t wait until I get to fight here. I’ve always been a New York sports fan. Being from New Jersey, I always wanted to fight at the Garden. Fighting in Jersey is great, but there is nothing like fighting here,” said Edgar. “There is nothing like a live UFC event. Being a guy who gets to [fight in the UFC], you would think that I’d get numb to it, but I always get the chills. I think the people of New York would appreciate having [MMA] here.” For several years, the UFC has lobbied the New York legislature to regulate the sport. Asked if he was frustrated with the drawn-out process, White pointed to the promotion’s track record of helping to get MMA legalized in similar situations.

“To be honest, I’m not frustrated. I’m a little baffled. It’s an education process. I feel we have a good team here in New York and we’re going to get this thing done,” said White. “The process is the same everywhere we go. Our job is to educate these guys on who [the fighters] really are and what this sport is. We got Ontario done, and I’m confident we’ll get New York done, too.”

view original article >>

Report here if this news is invalid.

Related News

MMA now officially legal in New York; UFC slates Nov. 12 event at Madison Square Garden

  • 20 days ago
  • 3 views

It took a long, sustained fight, but MMA is now officially legal in the state of New York, and the UFC is already planning its arrival.Filed under: Featured, News, UFC read news >>

UFC at Madison Square Garden: Date for 1st Event Announced

  • 20 days ago
  • 0 views

Following the long-awaited legalization of mixed martial arts in the state of New York, UFC announced its first Madison Square Garden event Thursday. According to New York State governor Andrew Cuomo read news >>

UFC makes history with announcement of event at Madison Square Garden in New York on Nov. 12

  • 20 days ago
  • 1 views

Following today’s landmark bill signing by Governor Andrew Cuomo to legalize and regulate professional mixed martial arts in New York, UFC announced that it will host a major event at Madison Square read news >>

UFC: New York City Event Page and Fight Card

  • 20 days ago
  • 0 views

UFC New York City event page and fight card which will take place at Madison Square Garden on November 12th. read news >>

UFC 205: New York City Event Page and Fight Card

  • 20 days ago
  • 1 views

UFC 205: New York City event page and fight card which will take place at Madison Square Garden on Nov. 12, 2016. read news >>

Watch UFC on FOX 19's post-fight press conference on MMAjunkie

  • 18 days ago
  • 21 views

TAMPA, Fla. – UFC on FOX 19 takes place today in Tampa, Fla. As usual, you can watch a live video stream of the post-fight news conference here on MMAjunkie at approximately 10:30 p.m. ET (7:30 p.m. read news >>

Bellator 158 press conference highlights: Daley and Koscheck are ready to go again

  • 15 days ago
  • 38 views

LONDON – Bellator was in London today to formally announce Bellator 158 and the featured rematches of James Thompson against Kevin “Kimbo Slice” Ferguson and Paul Daley against Josh Koscheck.Filed un read news >>

Video: Watch today's special UFC 200 press conference on MMAjunkie at 5 p.m. ET

  • 12 days ago
  • 287 views

LAS VEGAS – Ahead of July’s International Fight Week, you can watch a special press conference today here on MMAjunkie at 5 p.m. ET (2 p.m. PT) with the top fighters from UFC 200, UFC Fight Night 90 read news >>

Watch UFC 197's post-fight press conference on MMAjunkie

  • 11 days ago
  • 28 views

LAS VEGAS – UFC 197 takes place today at MGM Grand Garden Arena in Las Vegas. As usual, you can watch a live video stream of the post-fight news conference here on MMAjunkie at approximately 1:30 a.m read news >>

Miesha Tate Wants a Trilogy with Ronda Rousey at Madison Square Garden

  • 3 days ago
  • 27 views

Women's bantamweight champion Miesha Tate is eyeing a third fight against Ronda Rousey at Madison Square Garden if she gets past Amanda Nunes at UFC 200. read news >>