UFC Reportedly Sells For $4 Billion

UFC Reportedly Sells For $4 Billion

Rovell listed WME/IMG, the Blackstone Group, China Media Capital and Dalian Wanda Group among the strongest contenders and noted the asking price was likely to be between $3.5 billion and $4 billion.

The ownership of the UFC is reportedly changing hands. The New York Times also has a report on the sale.

An announcement is expected on Monday morning to confirm the UFC has been sold for approximately $4 billion dollars by a group that is led by WME-IMG. The Fertittas brothers will have a minority interest and a diminished role. The company head, Ari Manuel, will wield a lot of power over the organization.

According to reports, Fertitta will remain as chairman of UFC for up to two months during the transition before stepping down. It hasn't been confirmed at this time who will replace Lorenzo as the company's CEO.

The sale talks had been going on for months with Jeremy Botter of FloCombat.com leading the way in reporting the advancements of the talks and then reporting a few weeks ago that the sale was done.

There has been no confirmation yet from the UFC unless a tweet from White with a smiley face counts for anything - and in the past, it has.

The reported deal comes on the heels of Saturday's UFC 200, widely regarded as the biggest UFC card in its history.

Last night's UFC 200 fight event featured stars Brock Lesnar (currently associated more with WWE, in his first fight in years) and Jose Aldo.

BloodyElbow.com will keep you up to date on the UFC sale as the story develops.

Related:

  • Dallas police say department received anonymous threat across city

    At least two Dallas Police Department buildings are now blocked off, with numerous police vehicles and armed officers outside. Johnson shot a total of 12 people during his attack - seven other police officers and two civilians were wounded.
    Beyoncé & Jay Z Cheer On Serena Williams' Wimbledon Victory

    Beyoncé & Jay Z Cheer On Serena Williams' Wimbledon Victory

    Cherry on the cake for Serena Williams as she conquered another magnificent Wimbledon campaign by teaming up with sister Venus . She said that was because she was calmer than ever - having made a decision to accept some "tough losses" and carry on.

    UFC 200: Amanda Nunes upsets Miesha Tate for UFC bantamweight tile

    Miesha Tate had been pondering on what to do next after UFC 200 but needed to take down Amanda Nunes first before thinking ahead. But the defence of her crown was over in just seconds after struggling to regain composure when struck by a succession of blows.
  • Hamilton wins British Grand Prix

    Hamilton wins British Grand Prix

    He crossed the line second but was handed a 10 second penalty for an illegal radio transmission and relegated to third. Nico Rosberg: "What does that mean, I have to shift through it?" "It's so tricky in those conditions".
    F1 2016: Home hero Hamilton wins British GP

    F1 2016: Home hero Hamilton wins British GP

    By lap 25, Hamilton was surging again, 5.9 seconds clear of Verstappen , who was defending against a rampant Rosberg . Rosberg reeled off four wins in a row at the start of the season while Hamilton has taken four of the last five.
    Caroline Aherne dead: Heartbroken brother pays moving tribute

    Caroline Aherne dead: Heartbroken brother pays moving tribute

    The Fast Show creators Paul Whitehouse and Charlie Higson assembled a team of writers and performers including Caroline and Craig. It was the toast of the 1999 British Comedy Awards, scooping four trophies including best actress for Aherne.
  • Bernie Sanders poised to endorse Hillary Clinton in New Hampshire

    Democratic party delegates will vote on the suggested platform during the convention held in Philadelphia between July 25 and 28. It went on to say that Democrats would apply those standards "to all trade agreements, including the Trans-Pacific Partnership".

    Merritt misses out on defending his Olympic gold

    Jenna Prandi, an OR alum who won the 2015 USA Championships in the 200 and was 13th in the world in the event a year ago . To get the day started, Becky Holliday and Melissa Gergel will be a part of the Pole Vault Qualifying round.
    Charles Barkley Rips Kevin Durant for Chasing a Championship With the Warriors

    Charles Barkley Rips Kevin Durant for Chasing a Championship With the Warriors

    Durant made a hard decision to leave the Thunder, and I definitely wouldn't call it "weak" like Smith said during his tirade. However, many say that Durant wouldn't have opted to go to San Francisco if the Thunder won the championship this year.
  • Families of Dallas police officers mourn their loss

    During the negotiations, the suspect "said he was upset about the recent police shootings ". President Barack Obama condemned the attack, speaking at an global summit in Warsaw.

    Donald Trump pitches tantrum at "peace meeting" with GOP senators

    Dozens of protesters awaited Trump , shouting slogans and waving signs that said Trump is "Dangerous, Divisive, Deceitful". Trump responded by predicting Flake would lose his reelection, even though the senator isn't up for reelection this year.
    Saudi Interior Ministry names Qatif, Medina bombers; suspects arrested

    Saudi Interior Ministry names Qatif, Medina bombers; suspects arrested

    Three other devices were found inside the suicide bomber's vehicle , which were detonated by a robot from a bomb disposal squad. While Isil has previously launched attacks in the country, most have been on Shia Muslim targets or the Saudi security service.

Comments

Other news