Obviously having two Brazilians that mean little to the casual fan fighting for the belt and guaranteed to have one holding it coming out, isn’t good for the PPV bottom line, so they’ll roll the dice and hope Vera can take a run at Nog.

i.e. Zuffa gives a covenant to maintain certain financial ratios or a certain amount of working capital.

I assume that refers to what happens if Zuffa defaults on the debt?

Grape: You’re hurting my head.

What Grape Knee High means is that the senior secured credit facility for $325 million seems to be a floating rate facility, akin to the floating rate bond. In his example, by saying ‘3M LIBOR + 2′, he means using the 3 month (US Dollar) LIBOR (London Interbank Offered Rate) interest reference rate, which is the equivalent of the US Federal Funds Rate (IE: the rate that banks lend to each other) + 2% above that rate. The interest rate ‘floats’ because the LIBOR is a variable (IE: not fixed to a certain percentage) rate and the amount you have to pay usually gets recalculated at a preset amount of time.

Hope that helps.

“Assuming that the EliteXC payouts are correct (no extra money given), then some of these amounts are almost criminal.”

Maybe you should actually read the entire article 45.

“Keep in mind the salaries listed above do not include fight bonuses, sponsorships, percentages and other unofficial payments.”

So I have no idea why you would assume that all the payouts are correct.