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.

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 business group TKO Group Holdings is close to announcing a boxing league together with UFC and WWE. Arab investors would be the main sponsors, paying several million to make th

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 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.