TKO Group Holdings, who own the UFC and WWE, say they are "close to an agreement" to form a new boxing league funded by Saudi Arabia.

TKO, the parent company of the UFC and WWE, is nearing an agreement with the Saudi Arabian public wealth fund to create a new boxing league.

THE owners of the UFC and the WWE are on the brink of creating a new boxing league funded by the Kingdom of Saudi Arabia. UFC supremo Dana White teased the formation of Zuffa Boxing in the

The UFC, who are part of TKO Group Holdings Inc., are very close to announcing a boxing league in 2025. Reports first teased the idea that the Saudis and TKO could work together to make it. It would see the subsidiary of the Public Investment Fund of Saudi,

UFC owner TKO confirmed during an earnings call on Wednesday, the 26th of February, that they are close to agreeing a deal with Turki Alalshikh regarding the long-rumored boxing league. GIVEMESPORT reporter Alan Dawson has spoken to UFC boss Dana White over the years about his grand arrival in the sport of boxing,

The UFC owners at TKO Group Holdings are nearing a deal with Saudi Arabia to launch a new boxing league in 2025 with the possibility of four cards over the next two years with "superfights" that would likely feature some of the biggest names in the sport.