UFC SOLD FOR $4 BILLION

Following quite a while of bits of gossip, reports and refusals, it’s at long last official. On Monday, the UFC declared that it had been sold to a gathering drove by ability office WME-IMG for $4 billion. Once the exchange of force is settled, it will speak to the biggest arrangement ever.

At $4 billion, it stands to be the most expensive transaction for an organization in sports history.

Talent agency WME-IMG revealed that it is partnering with its owner Silver Lake Partners, Kohlberg Kravis Roberts and MSD Capital, the investment firm of Michael Dell, to take over the mixed martial arts company.

The sale is remarkable considering that brothers Lorenzo and Frank Fertitta bought the organization in 2000 for $2 million.

The price paid for UFC is roughly seven times its gross revenue, as chairman Lorenzo Fertitta told CNN that the organization took in about $600 million in 2015.

While a considerable measure of points of interest encompassing the deal are still obscure, we as of now have a really smart idea of what will happen to the organization’s real players. A great deal will change regarding proprietorship, clearly, yet what is the stream down impact for the greatest names in the UFC?

The Fertitta brothers, the UFC’s former majority owners with a combined 81% stake, will retain a small stake in the company despite handing over the keys. Exactly how much that is has not been disclosed.

The biggest change will be for Lorenzo, who is stepping aside as the UFC’s acting chairman and lead decision-maker alongside Dana White. Frank, CEO of the Station Casinos, had long maintained a hands-off approach with the company, leaving things his younger brother and the UFC president.

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