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Where will the first event of the new boxing league be held?
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Official announcements from TKO Group, Saudi Arabia's PIF, or major sports news outlets
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UFC's TKO Group and Saudi Arabia's PIF Plan New Boxing League for Up-and-Coming Boxers
Jan 8, 2025, 08:08 PM
The UFC, through its parent company TKO Group, is reportedly in discussions with Saudi Arabia's Public Investment Fund to establish a new professional boxing league. According to reports, this league would focus on up-and-coming boxers and could be announced within weeks. Saudi Arabia's PIF would finance the venture through its subsidiary, Sela, while TKO Group, led by UFC President Dana White, would serve as a managing partner, receiving an equity stake and a share of the revenue. The initiative follows Saudi Arabia's previous efforts to create a boxing league aimed at uniting the world's best boxers, which faced challenges due to the complexities and costs involved. If the deal is completed, TKO will earn management fees of close to $30 million a year.
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