Lorenzo Fertitta many no longer be the majority owner of Ultimate Fighting Championship (UFC) following the massive $4 billion sale to WME-IMG, but the former CEO of the world's largest mixed martial arts (MMA) promotion is still getting things done.
According to former middleweight champion Chris Weidman, he had some loose ends to tie up with Lorenzo prior to the sale. Once the deal was done, however, Weidman never lost faith that their ongoing contract negotiations were going to go by the wayside.
Thankfully, Lorenzo took the time to sit with "All American" to get a deal done prior to his upcoming fight against Yoel Romero at UFC 205 on Nov. 12, 2016 in New York City.
Chris broke it all down during a recent stop on the Luke Thomas Show:
"Basically, I met with Dana, we had a nice long dinner, we talked for a while and basically negotiating, talking business. And he thought I probably should do this with Lorenzo. So that was Sunday night when I was out to dinner with Dana in the city, long night. I end up getting a plane to Vegas the next morning and headed out to Lorenzo’s compound. I got to hang with him a little bit and we ended up getting a deal done. When you start out, everything is through your managers and Joe Silva. As you progress, at some point I just kind of ended up working with Lorenzo. Obviously he left, and everything we were doing was now on speculation, so I ended up back in touch with him and we made it work."
Moving forward, though, Fertitta’s power with UFC will diminish, as the new owners will likely have all the say when it comes to making new deals, especially with Joe Silva leaving his post, as well.
That said, Weidman isn’t too worried who he’ll have to deal with on the business side of things, as he still has a pretty good relationship with Dana White.
Still, it’s safe to assume Chris -- as well as a lot of other fighters — will miss having Fertitta around to rely on when things get sticky.