10% of the UFC sold

[goh]

FiveOuncesofPain.com has recently received reports from multiple sources extremely close to the situation indicating that the UFC has recently sold a minority percentage of the company to Sheik Tahnoon Bin Zayed Al Nahyan, the son of the former United Arab Emirates president Sheikh Zayed bin Sultan Al Nahyan.

Sheik Tahnoon is well known throughout the grappling community as the founder of the no-gi submission Olympics, the Abu Dhabi Combat Club. Himself a Brazilian Jiu-Jitsu black belt under Renzo Gracie, Shiek Tahnoon has been a long time supporter and practitioner of Jiu-Jitsu.

With a current estimated population of 896,75, Abu Dhabi is the second largest city of the United Arab Emirates. Abu Dhabi currently possesses 9% of the world's proven oil reserves and nearly 5% of the world's natural gas. In 2007 Fortune Magazine named Abu Dhabi as the single richest city in the world.

http://fiveouncesofpain.com/2010/01/08/exclusive-ufc-sells-percentage-of-company-to-sheik-tahnoon-of-abu-dhabi/

[Gotmadskillzson]

Re: 10% of the UFC sold

Hmmmm ok.......does this means more abu dhabi fighters in the ufc ?? Probably not. Could lead to some tournaments aired on spike tv or versus sometime this year though.

[sven]

Re: 10% of the UFC sold

Hmmmm ok.......does this means more abu dhabi fighters in the ufc ?? Probably not. Could lead to some tournaments aired on spike tv or versus sometime this year though.

None of that is likely. It just means the UFC need to make some quick cash.

[mgoblue]

Re: 10% of the UFC sold

None of that is likely. It just means the UFC need to make some quick cash.

The Fertittas casinos are hurting right now, they probably needed the quick cash. Plus this gives them more ability to go global...but yeah, they needed the money. Shouldn't really change things at all, the guys in charge are still the guys in charge.