07-11-2016, 07:26 AM
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#917
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Franchise Player
Join Date: Oct 2001
Location: Behind Nikkor Glass
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http://www.mmafighting.com/2016/7/11...xpected-monday
Quote:
Early Monday morning, the UFC is expected to announce its sale for a price tag of $4 billion.
Late Sunday evening, Las Vegas CBS affiliate KLAS-TV reported the paperwork for the sale was signed on Saturday to an ownership group consisting of talent agency William Morris Endeavor, International Management Group, and private equity group MSD. Global investment firm KKR is also involved in the sale, according to the report.
UFC CEO Lorenzo Fertitta is reportedly expected to step down as chairman following a transitional period, after which he and his brother, Frank Fertitta, will remain on as minority owners. Dana White is expected stay on as president and will also hold a minority stake, according to the report.
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