TKO Close To Launching Boxing League With Saudi Arabia PIF

TKO - the owner of WWE and UFC - are close to entering boxing. The New York Times has reported that Sela, a subsidiary of the Saudi Arabia Public Investment Fund, are close to creating a boxing league with TKO and its creation could be announced within weeks.

The league would have exclusive boxers who are up-and-coming talents in the sport. TKO will be a managing partner in the planned league and WWE's parent company has been offered an equity stake and revenue share. TKO will also receive management fees of close to $30 million per year.

The investment in the new league will be made by Sela. The PIF subsidiary is the front-of-shirt sponsor for Premier League side Newcastle United.

Several major boxing matches have taken place in Saudi Arabia in recent years, including most recently the rematch between Oleksandr Usyk and Tyson Fury.

TKO have been the owners of WWE since September 2023 after Vince McMahon agreed to sell the company to Endeavor. Vince McMahon is no longer involved in the day-to-day running of WWE after he was accused of sex trafficking, although he remains a TKO shareholder.

In addition to WWE and UFC, it was announced in 2024 that TKO would acquire Professional Bull Riders, On Location, and IMG.

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