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But the sport is growing. Look at the last 15 years of growth the UFC has been instrumental in with no signs of slowing down. It's actually pretty insane how much it has grown. Not just UFC but the sport in general largely do to the exposure of the UFC.
But anyways, it sounds like you would prefer a structure more like boxing. I think that could be beneficial for the top 1% of fighters since the promotions would have to compete for star power and build cards around it for marketing, but developing under-card fighters not so much.
Bankrupting the UFC would lower the price of fighters initially since the entire roster would be on the market looking for work, and the UFC marketting machine would die, lowering the profile of the sport in general, but over the long term it's pretty speculative.
The strategy of burning it all down and assuming something better will rise in the ashes is an easy strategy to take if you aren't accountable for the damage and aren't affected by the outcome.
Dana's keep fighters hungry approach has been a gift and a curse for the sport's growth.
The gift is that good fighters from the 2000s and 2010s were forced to coach as they made nothing from fighting, so needed to coach to make a living. This has been similar to wrestling. In boxing, good fighters (domestic level and above) made enough from the sport to get comfortable, so they rarely go into coaching.
The curse is that good athletic talent (not just world class level, but top domestic talent level) will rarely choose MMA. For example, an average level domestic UK boxer called Anthony Fowler made enough to retire at 32 with a few properties on rent. Whereas I know quite a few top level (Euro to fringe World class level) MMA fighters from my city at the same age who made literally nothing from the sport.