Abu Dhabi's Flash 'to keep' UFC stake after $4bn sale

Owners of the Ultimate Fighting Championship have confirmed sale of martial arts business to group of investors
Abu Dhabi's Flash 'to keep' UFC stake after $4bn sale
UFC president Dana White. (Getty Images)
By Staff writer
Mon 11 Jul 2016 03:21 PM

The owners of the Ultimate Fighting Championship (UFC) – a global martial arts business that is part-owned by the Abu Dhabi government - has reportedly confirmed its sale for $4 billion to a group of investors.

UFC president Dana White confirmed the sale to a group headed by talent agency WME/IMG, Yahoo Sports reported.

It said the Abu Dhabi-based Flash Entertainment, which purchased 10 percent of the UFC in 2010, will keep its share for now.

White said he will remain as an owner, president and head of day-to-day operations.

ESPN reported in May that the company was up for sale, which White denied.

The sale is expected to close before UFC 202 on August 20, Yahoo Sports added.

For all the latest sports news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.