Endeavor—the parent company of the UFC—is facing potential fallout from the ongoing coronavirus outbreak effectively shutting down the sports and entertainment industries.
S&P Global revealed a list of 107 companies this week including Endeavor and the UFC that were put on a negative credit watch or downgraded since the global pandemic first started. ViacomCBS, the parent company to Bellator MMA was also among the companies listed.
According to the report via Deadline, S&P placed Endeavor and the UFC on “CreditWatch” with negative implications due to the potential drop in revenue due to the companies suffering major losses during the coronavirus outbreak.