It would seem that One Championships isn’t the only MMA promotion that is receiving a major investment, because WME-IMG can now be added to the list.
WME-IMG, the owners of the UFC, is expected to receive a $1.1 billion investment from the Canadian Pension Plan Fund and the Singaporean Wealth Fund.
This is all according to a story from The Wrap, which also says the deal is expected to be in final negotiations by the middle of August.
When WME-IMG receives the investment, it is going to boost the companies value from $5.5 billion to $6.3 billion.
Silver Lake Partners, a majority stakeholder in the UFC, has sent out a letter to the other investors informing them that this move is going to allow them to buy out the minority partners of the UFC and to fund other projects. There is no word on who exactly the minority investors are and how many of them are expected to receive a buyout.
Those other UFC related projects that the funds will go to have yet to be revealed, it is unknown at this time when those revelations will be revealed.
The Canadian Pension Plan and the Singaporean Wealth Fund are both in a limited partnership with Silver lake Partners.
- From The Web