The new executive chairman of the WME group, Ari Emmanuel, is taking $ 175.8 million in cash as efforts have been made by Silver Lake partners. A private company has been formed from this transaction announced this morning worth $ 25 billion
Trying stakeholders are adding parts of their existing ownership to the new private institution, but not all. Emmanuel, who is also the CEO of the TKO group, amended his role -overs commitment to withdraw cash. According to the SEC filing, he is eliminating the interest of major ownership in an old effort worth $ 290.3 million, which is $ 26 million more than the early years of last year.
Endure’s co -founder Patrick Whitel has played a role of 565.7 million in a privately -kept company, which is actually 50 million more unanimously. With the end of the transaction, it received its equity – 100 million – cash balance.
The Whitel Silver Lake is getting out of effort to launch a new investment plan and a new investment project with $ 250 million in seeds.
Other executives, including WME Group President and Managing Partner Mark Shapiro, UFC CEO Dana White and Andure CFO Jason Loblin, are developing ownership interests in the new company.
Filing an SEC a year ago, it was made clear that when the sale stops, Emmanuel and Weights will be given one of the private planes to try to try to each other. There is still a matter.
Emanuel, earlier, according to filing, has reduced the million transaction bonus for the sale of assets.
