The Ultimate Fighting Championship could have new owners very soon, following reports that official bidding for the premier MMA organisation is currently underway.
Wrestling Observer editor Dave Meltzer revealed in his most recent newsletter (via Forbes) that bidding for the UFC is expected to end on June 16 and a $4 billion bid would guarantee 100% ownership of the company.
According to Meltzer, bids have already been made that range above the amount majority share-holders Lorenzo and Frank Fertitta and Abu Dhabi government subsidiary Flash Entertainment are looking for, making a sale seem certain.
Top MMA journalist Ariel Helwani tweeted yesterday that the sale of the company was “progressing”, with the information he received coming from more than one reliable source.
UFC sale definitely progressing. Terms unclear at the moment, but lots of talk from very reliable sources today. Not 100% done, though.
— Ariel Helwani (@arielhelwani) June 14, 2016
The Dalian Wanda Group, China’s largest commercial property company and the world’s largest cinema chain operator, are reportedly leading the line, with three other wealthy groups also interested.
“The day we decide to sell, I probably don’t want to do this anymore,” White told Patrick.
“Me and Fertitta brothers have been together a long time… we’d probably all be looking to get out.”
The Fertitta brothers bought the Ultimate Fighting Championship for $2 million in 2001 and will make a considerable profit from its sale.
How much that will be is unknown at this time, but I’m sure we’ll find out sooner rather than later.
James McDonald, Pundit Arena
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