UFC 151

**Next Big Thing** · 08-23-2012, 10:03 PM

Here's something my law school buddy brought up that Dana White probably leaves out when he discusses all the money lost and guys who will starve... promoters of major events get something called event cancellation insurance. It allows a promoter to recover at least the non-reimbursable expenses of an expense and at most 100% of the gross expected profit in case of cancellation due to non appearances of key individuals like Jon Jones or injury to marquee guys like Henderson. By making it seem like Jones refused to appear and he couldn't make him, they might be able to claim more and break even than they would if they ran the show.

If Bob Arum and a major concert promoter like Live Nation have it, they'd be crazy not to have it. It would be nice if someone would have asked Dana about that possibility on the conference call.

08-23-2012, 10:03 PM	#11
Next Big Thing Posts: 4,839	Here's something my law school buddy brought up that Dana White probably leaves out when he discusses all the money lost and guys who will starve... promoters of major events get something called event cancellation insurance. It allows a promoter to recover at least the non-reimbursable expenses of an expense and at most 100% of the gross expected profit in case of cancellation due to non appearances of key individuals like Jon Jones or injury to marquee guys like Henderson. By making it seem like Jones refused to appear and he couldn't make him, they might be able to claim more and break even than they would if they ran the show. If Bob Arum and a major concert promoter like Live Nation have it, they'd be crazy not to have it. It would be nice if someone would have asked Dana about that possibility on the conference call.