Early Mon morning, the UFC is predicted to announce its sale for a tag of $4 billion.
Late Sunday evening, city CBS affiliate KLAS-TV reported the work for the sale was signed on Saturday to associate possession cluster consisting of talent agency craftsman Endeavor, International Management cluster, and personal equity cluster MSD. world investment company KKR is additionally concerned within the sale, in step with the report.
UFC CEO Lorenzo Fertitta is reportedly expected to step down as chairman following a shift amount, once that he and his brother, Frank Fertitta, can stay on as minority homeowners. Danu White is predicted continue as president and can additionally hold a minority stake, in step with the report.
Rumors of an acquisition began powerfully in could once reports of a deal being within the late stages began to flow into. Then 3 weeks agone FloCombat began news the sale to WME-IMG. White well-versed these reports in a very company note to his staff denying the sale, and threatening to require proceedings against the reporters.
News of the sale comes simply twenty four hours once UFC two hundred, an incident that came about at the fresh T-Mobile Arena in city, American state and was publicised by several inside the corporate as a historic evening.
The Ferttita brothers purchased the UFC for $2 million in 2001. A $4 billion tag would stand because the largest franchise sale in sports history.
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credits: http://www.mmafighting.com/2016/7/11/12146610/report-ufc-sold-for-4-billion-annoucement-expected-monday
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