UFC denies report of $4.2 billion sale

UFC denies report of $4.2 billion sale

Brothers Frank and Lorenzo Fertitta bought UFC in 2001 through their company, Zuffa LLC, for $2 million. they are obtaining a serious come on investment.

According to multiple reports, the brothers in agreement weekday to sell UFC for $4.2 billion.

While it’s unclear United Nations agency created the winning bid, there have been a minimum of four major bidders. The leading competitor was a gaggle composed of WME/IMG, the Chinese conglomerate Dalian Wanda, The kraft paper cluster, and Chinese investment firm Tencent Holdings restricted, consistent with Jeremy Botter of FloSports.

“FloCombat.com’s report indicating that the UFC has been sold is fake,” a UFC voice same. “We’ve communicated that to our employees members tonight via an enclosed memorandum.”

The kraft paper cluster is diode by New England Patriots region Patriots owner Robert kraft paper. that may not be the sole NFL tie with the Fertitta brothers reportedly curious about exploitation their new-found fortune to assist bring the Oakland Raiders to urban center.

UFC president Danu White, United Nations agency was a minority owner with a nine p.c stake, is predicted to stay in his position.

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