For the last few months, there have been rumors that UFC was up for sale and a deal would be done in the near future. That deal was done on Monday afternoon when the Fertitta brothers sold their company for $4.2 billion.
Jeremy Botter of FloSports was the first to report the sale of the company to WME-IMG/Dalian.
Right now, Frank and Lorenzo Fertitta will be leaving the company and President Dana White will stay to continue running daily operations. This is a huge deal for the former owners, who bought the company for a measly $2 million in 2001 and turned the entire sport of MMA around for the better.
It took them four years to finally find the right formula and were on the verge of shutting the company down before the success of “The Ultimate Fighter” in 2005. They had sank $40 million into UFC before it turned a profit and turn a profit it surely did.
*Featured Photo (above) credit to USA TODAY Sports