UAE company buys stake in UFC

UFC co-owner Lorenzo Fertitta has confirmed that Flash Entertainment, owned by the United Arab Emirates government, has purchased a ten per cent stake in the company.

Fertitta confirmed the news to the Associated Press today, followings weeks of rumors about a deal with Sheikh Tahnoon bin Zayed Al-Nahyan.

“Over the past few years, we have built a relationship with all levels of the Flash organization. They share our vision, passion, and enthusiasm for the UFC,” said Lorenzo Fertitta, UFC Chairman and CEO. “We are confident that this partnership will accelerate the worldwide growth of the UFC.”

Osama Khoreibi, chairman of Flash Entertainment, said: “Since our very first meeting, we were impressed by Lorenzo, Frank and Dana’s commitment to growing UFC as a global sport. Flash is equally committed to building Abu Dhabi’s profile as an international entertainment destination, and this partnership provides further proof of our company’s bold ambitions. We look forward to an exciting future ahead, working closely with our UFC partners to activate this sport in the UAE, the region and across the world.”