Lorenzo Fertitta helped steer the UFC from a broken property into a billionaire-dollar entity.
The former CEO, who led the sale of the UFC to Endeavor in 2016, is now seeking to follow that same blueprint and build a new global sports commodity in the skateboarding realm. More specifically, he plans to do so with Street League Skateboarding.
“Me and Dana [White], when we saw the opportunity with the UFC, we were really excited,” says Fertitta. “It’s really hard to find something in sports that has the potential to be relevant from a global perspective. When we took over in 2001, with essentially a broken piece of IP, and by 2016—and now beyond that—built it into a diamond.