Subscriber Value and Rights Fee Model
On a White Monster Podcast episode released shortly before December 21, 2025, Kovacs made a detailed case for FloGrappling's role in financing the competitive BJJ ecosystem. He stated that Flo memberships directly support the sport by enabling FloGrappling to pay rights fees to major organizations — specifically naming IBJJF, ADCC, Polaris, and BJJ Stars — either by producing their events outright or writing checks for streaming rights. In Kovacs' framing, subscriber dollars translate directly into organizational revenue that sustains competitive jiu-jitsu at its highest levels.
International Competition and Overseas Purses
Kovacs also addressed the competitive pressure posed by international tournaments operating outside FloGrappling's orbit. In 2025, promotions including ACB (which resumed BJJ shows), AIGA based in Kazakhstan, and ADXC based in Dubai attracted attention for offering larger athlete purses while not streaming on FloGrappling. Kovacs acknowledged that some athletes report very high appearance fees at these overseas events and, as a result, perceive FloSports as capable of matching those figures given its venture-backed funding profile. He drew a distinction between those one-off transactions and the longer-term partnerships FloGrappling offers — a model he argues provides more sustainable value to athletes over time, even if individual payouts may differ. He also noted that some of these internationally backed tournaments operate with financing that lacks transparency.
WNO Economics and the Path to 2026
On the subject of Who's Number One (WNO), FloGrappling's in-house event series, Kovacs was candid about the economics. He described WNO's goals as running events that are enjoyable and advance the sport while avoiding excessive financial losses — characterizing the target as trying to "not lose so much money." He acknowledged that heading into 2026, harder conversations with athletes may become necessary, either to make WNO cards more economical or to adjust event formats to better serve fan engagement. More broadly, he described grappling within FloSports as "almost like a labor of love" rather than a profit center, positioning the division as one driven by mission as much as margin.
FloSports Funding Context
The December 21, 2025 article situating these remarks also reported — citing Crunchbase and Dream Sports — that FloSports announced a Series D funding round in April 2025 led by Dream Sports, bringing the company's total reported funding to over $100 million. Prior investors listed in the article include Warner Bros. Discovery, DCM Ventures, and Causeway Media Partners. These funding details were reported by the article and were not presented as direct statements by Kovacs.