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Report: UFC sold for $4 billion, annoucement expected Monday

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community news, Report: UFC sold for $4 billion, annoucement expected Monday

The Ultimate Fighting Championship has reportedly signed the paperwork completing the sale of the company to private investors.

Early Monday morning, the UFC is expected to announce its sale to WME-IMG and MSD capital for a price tag of $4 billion.

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.

Rumors of a sale began strongly in May when reports of a deal being in the late stages began to circulate. Then three weeks ago FloCombat began reporting the sale to WME-IMG. Dana White responded to these reports in a company memo to his employees denying the sale, and threatening to take legal action against the reporters.

The Ferttita brothers, Lorenzo and Frank, purchased the UFC for $2 million in 2001. A $4 billion price tag would stand as the largest franchise sale in sports history.

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Source:: mma fighting