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 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

The owners of WWE and UFC are closing in on an agreement to create a new Saudi-funded boxing league.

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,