Feritta Brothers and Dana White In ‘Advanced Talks’ To Sell UFC
Well, it looks like the Fertitta brothers and Dana White are looking for a way out of UFC, as the co-owners are reportedly in “advanced talks” to sell the company. Word is, the company could sell for anywhere between $3.5 and $4 billion.
The news was broken by ESPN’s Darren Rovell, who noted some of the groups in contention as bidders on the company, such as China Media Capital, entertainment company WME/IMG, The Blackstone Group, and Dalian Wanda Group. Currently, Dalian Wanda Group are the frontrunners. The company, owned by Wang Jianlin (a.k.a. China’s richest man), recently bought U.S. film studio Legendary Entertainment, and they plan to become more involved in professional sports, particularly in the United States.
Of course, nothing is set in stone just yet, but it begs the question of whether or not Dana White will remain on-board as UFC President, since his role as promoter and public face of the brand during its most profitable years could mean a lot to the potential bidders. However, if Dana is looking to get out of MMA completely, and not just sell ownership stake in UFC, then I guess the new owners will have to find someone else to fill his role. It should be interesting to see who they pick.
What do you think about the sale of UFC? Sound off in the comments!
And for more UFC news, read up on Conor McGregor’s beefed-up security measures while in Dublin this past week!