{"id":298412,"date":"2023-11-06T10:24:03","date_gmt":"2023-11-06T10:24:03","guid":{"rendered":"https:\/\/sportstons.com\/?p=298412"},"modified":"2023-11-06T10:24:03","modified_gmt":"2023-11-06T10:24:03","slug":"white-insists-ufcs-deal-with-saudi-arabia-was-organised-by-mcmahon","status":"publish","type":"post","link":"https:\/\/sportstons.com\/mma\/white-insists-ufcs-deal-with-saudi-arabia-was-organised-by-mcmahon\/","title":{"rendered":"White insists UFC's deal with Saudi Arabia was organised by McMahon"},"content":{"rendered":"
Dana White has labelled Vince McMahon as an ‘incredible partner’ after claiming he was responsible for the UFC’s historic deal with Saudi Arabia.<\/p>\n
Last month, the <\/span>UFC\u00a0announced they will host their first ever event in Saudi Arabia in March next year in news hailed by <\/span>Conor McGregor as ‘incredible’.\u00a0<\/span><\/p>\n It seems the nation state will dip their toe into the mixed martial arts scene with a UFC Fight Night event planned, rather than a major pay-per-view card to start with.\u00a0<\/p>\n Reflecting on the historic deal, UFC president White claimed that it was in-fact McMahon – his new business partner – that organised the deal.\u00a0<\/p>\n According to Sports Business Journal, White said: ‘It was Vince McMahon. It was 100% Vince McMahon. He made every call, he didn’t make one move without picking up the phone and calling me and getting me in the loop and seeing if I was cool with this and that.\u00a0<\/p>\n UFC chief Dana White (R) said Vince McMahon (L) organised the UFC’s deal with Saudi Arabia<\/p>\n <\/p>\n The UFC has agreed to stage its first ever event in Saudi Arabia next year under the ‘Fight Night’ promotion<\/p>\n ‘And he went from being, oddly enough, I don’t know why, an enemy (of\u00a0UFC’s), to being an unbelievable incredible partner.’<\/p>\n The news comes after UFC’s merger with the WWE, controlled by Endeavor Group, which has staged many shows in Saudi Arabia since 2014 after penning a lucrative deal with the Kingdom.\u00a0<\/p>\n It is the first time the WWE has not run under a McMahon name, having been a family-run company, firstly with Vince McMahon Sr, before his son took over in 1982.<\/p>\n As a result of the merger, McMahon stepped down from his position as WWE CEO and undertook a new role as the company’s Executive Chairman.<\/p>\n As Executive Chairman, McMahon is tasked with issues such as securing a new media rights deal for the WWE – which explains the deal with Saudi Arabia.\u00a0<\/p>\n Saudi Arabia has increased involvement and investment in a number of sports in recent years, particularly football, golf and boxing.\u00a0<\/p>\n Endeavor – who own UFC – hold a 51 per cent stake in the combined company, while WWE shareholders will hold 49 per cent, according to the agreement.\u00a0<\/p>\n It was confirmed that the deal values the new company at more than \u00a317.3bn ($21.4bn), with UFC valued at \u00a39.8bn ($12.1bn) and WWE at \u00a37.5bn ($9.3bn).\u00a0<\/p>\n <\/p>\n The UFC and WWE were part of a historic merger,\u00a0controlled by Endeavor Group, in September<\/p>\n
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