Jake Paul announced that he invested in EDR to help provide healthcare for fighters in the UFC since multiple fighters like the champion Ngannou have been complaining about their salary and about how much money they make in such a big company. Jake Paul has had multiple boxing fights already and is also known for his massive popular YouTube following. Jake Paul has already knocked out one of the UFC champs Ben Askren, he has also K’Od the NBA player Nate Robinson and other fighters too. Jake Paul’s boxing career also launched up after he knocked out the former UFC champion and wrestler Ben Askren in the 1st round of their fight. And last August 29th, he was able to win this close fight against Tyron Woodley who had his first boxing match against the champion Paul.
The champion Ngannou is a Cameroonian MMA fighter. He is currently fighting in the heavyweight division for the UFC, where he is the reigning UFC Heavyweight Champion. He has been complaining about it in interviews, tweets, and social media about how he is treated in the UFC and how little money he makes for being the champion of the event.
Now it appears that Jake has decided to take this even further. To show just how serious he is with the UFC, Paul has invested in the UFC with his business partner Geoffrey Woo. Paul used Twitter to make his announcement, “I’ve invested in EDR (UFC) stock with my partner @geoffreywoo 2 focus on UFCs ESG standards relating to fighters. We believe EDR can drive long-term economic value by increasing UFC fighter pay & providing them healthcare. Reaching out to @EngineNo_1 to partner on this ‘endeavor.’”
He has also said “UFC has faced a rising chorus of criticism for the exploitation of its athletes — the [heart] of the biz. The ratio of revenue going to athletes vs. owners & leagues is well below the industry standard. This disparity hurts long-term shareholder value & this is not going to magically change.” He also added, “We believe the best way to accelerate this inevitable revolution is to lead it from within the UFC as co-owners & impact investors. We will use our investment stake to rally fans, athletes, fellow shareholders, and management to do the right thing.”