Lorenzo Fertitta discusses his role in the global expansion of the UFC and how bringing Abu-Dhabi’s Flash Entertainment on board will help this cause dramatically. He also squashes the rumor that Renzo Gracie helped facilitate the deal.

Another interesting detail revealed is Flash will now own more UFC equity than Dana White. They will own 10% and Dana will own 9%, while the Fertitta brothers will own 81%.

Dana goes on to confirm that Frankie Edgar will indeed fight B.J. Penn next. And he says Gray Maynard’s performance on Monday had a big impact on making that decision.

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