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Saudis and UFC owner near deal on new boxing league
The Straits Times
|January 10, 2025
In the days after Donald Trump was re-elected US President, one of his most high-profile stops was at an Ultimate Fighting Championship (UFC) event at New York City's Madison Square Garden.
His appearance in the front row was notable. But few in attendance for the fights would have recognized the man sitting on the President-elect's right.
Yasir al-Rumayyan, the governor of Saudi Arabia's vast sovereign wealth vehicle, the Public Investment Fund (PIF), watched the action from ringside and is getting even closer to being part of the action.
A company owned by the fund is close to creating a boxing league with TKO, the owner of Ultimate Fighting Championship. A deal for what would be a new competition, featuring up-and-coming boxers tied exclusively to the league, could be announced within weeks, according to three people familiar with the matter.
Dit verhaal komt uit de January 10, 2025-editie van The Straits Times.
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