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Home»News»Geek»UFC to Sell for $4 Billion

UFC to Sell for $4 Billion

By Karl SmartJuly 11, 2016

After a great night of fights at UFC 200 which included the return and triumph of WWE Superstar Brock Lesnar, it looks like the Mixed Martial Arts juggernaut is being sold to WME-IMG and MSD capital for a price tag of $4 billion.

Report: Late Sunday evening, Chris Maathuis of Las Vegas CBS affiliate KLAS-TV reported the paperwork for the sale was signed on Saturday and that Dana White would be staying on as president. The deal is backed by the private equity firms Silver Lake, Kohlberg Kravis Roberts, and the investment firm of Michael S. Dell.

UFC (Ultimate Fighting Championship) was bought by The Ferttita brothers, Lorenzo and Frank, for $2 million in 2001. A $4 billion price tag would stand as the largest franchise sale in sports history.

Reports are still coming in about the details of the sale, but it is expected that there is going to be a Press Conference or at least a Press Release coming very soon about the deal.

$4 Billion Breaking News Busniess Dana White Deal Mixed Martial Arts mma UFC Ultimate Fighting Championship
Karl
Karl Smart
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The main "Australian arm" of The Outerhaven. Karl primarily spends time playing and reviewing video games while taking time to occasionally review the latest movie or piece of gaming technology.

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