Report: Fertitta Brothers Selling Remaining Shares Of UFC
WME-IMG bought the UFC from the Fertitta Brothers (Lorenzo & Frank) and a host of smaller owners a little over a year ago.
Despite the fact that WME-IMG are the majority owners of the promotion, the Fertitta Brothers still owned 5.8% of the company.
According to a new report from Forbes, the brothers have now sold that remaining percentage of the company they owned to WME-IMG, which means they have no ownership in the UFC in any shape, way or form.
With WME-IMG now buying out the Fertitta Brothers final ownership stake in the promotion, the UFC is now valued at $5 billion.
Neither the Fertitta Brothers or anybody from WME-IMG have commentated on the sale or how much the 5.8% share is the company was sold for.
There are still some other smaller owners in the UFC as well, including UFC President Dana White and a host of others from the entertainment industry.
The Fertitta Brothers have been a part of the UFC since 2001, when they purchased the MMA organization for just $2 million. This Saturday Night’s UFC 215 card is going to be the first event run by the promotion since UFC 29 that there has been no involvement from the Fertitta Brothers in any fashion.
