A report from FloCombat this morning stated that ZUFFA has accepted a $4.2 billion for the sale of the Ultimate Fighting Championship from a group consisting of WME-IMG, the Dalian Wanda Group, The Kraft Group and Tencent Holdings.
However, a report from TMZ has negated this article, stating that a deal to sell the UFC is ‘not even close’.
According to reports, WME talent agency, along with a Chinese media org and a group led by Robert Kraft snagged the MMA powerhouse for around $4 billion.
If a deal is not complete, there are however negotiations on going between ZUFFA and potential buyers:
“There are negotiations but “a deal isn’t even close.” In fact, we’re told there has not even been an agreement on whether 100% of the UFC will be sold or just a portion. Nor have the parties agreed on price.”
The report from FloCombat stated that the deal was finalised Sunday between WME CEO Ari Emanuel, Lorenzo Fertitta and other UFC execs at a dinner meeting in Hollywood.
However, the story from TMZ stated that “Emanuel was on a plane Sunday flying back from a bar mitzvah out of the country and Lorenzo was in Vegas all day. We’re told Dana White and Frank Fertitta were also in Vegas all day.”
A deal is not expected to be completed this week.Check out our latest podcast episode featuring a conversation with Cortney Casey.