UFC President Dana White is set to lose a percentage of his stake in the UFC, an exact percentage has yet to be announced.
The reason behind the move is that the owners of the UFC in WME-IMG are about to receive a $1.1 billion investment from the Canadian Pension Plan Investment Board and the Government Of Singapore Investment Fund.
WME-IMG is expected to use the funds to buy out the majority of their minor stakeholders, including White, the Fertitta Brothers, Flash Entertainment and various banks they owe money to.
Despite losing a small amount of his ownership stake in the UFC, fans of the promotion should expect the UFC President to remain where he has been for awhile now.
“I’m not going anywhere,” White said to the Los Angeles Times. “Not only am I not going anywhere, I’m actually making moves in the office and doing [stuff] and changing things for the way I really want it.”
Even though his ownership stake in the company has been reduced, the UFC President is still expected to make 9% of the UFC’s net profits until 2021. White recently signed a new five year deal with the promotion, the amount of stake he holds in the company has never been revealed.