Abu Dhabi investment arm buys 10 percent of UFC

Associated Press – Jan 11, 2010 7:15 PM ET

LAS VEGAS (AP) – An Abu Dhabi-owned party graduation association has paid for a 10 percent interest in a Ultimate Fighting Championship for an undisclosed sum.

UFC co-owner Lorenzo Fertitta tells The Associated Press which a understanding with Flash Entertainment, a auxiliary owned by a emirate’s government, was finished to emanate increasing value for UFC as well as assistance a churned armed forces humanities joining enhance in a Middle East as well as Asia.

Neither Fertitta nor Ossama Khoreibi, authority of Flash, would guess UFC’s value or contend what Flash paid for a newly released shares. Fertitta says conditions of a understanding have been confidential.

A Forbes story in May 2008 estimated a secretly hold UFC was value maybe $1 billion. Fertitta pronounced afterwards which multiform investors have offering some-more than which for a league.

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