The UFC, or Ultimate Fighting Championship, is the largest mixed martial arts (MMA) promotion company in the world. The company is headquartered in Las Vegas, Nevada. UFC fights strictly adhere to the United Rules of Mixed Martial Arts.
The first UFC event, UFC 1 was held in 1993 and since then the company has organized over 600 events. UFC events are one of the world’s most widely seen sport events, with media right being sold as high as $1.5 billion.
But, have you wondered about the ownership of UFC or who founded it?
If yes, then this article is exactly for you. In this article, I will talk about the UFC’s owners and founders.
Who Owns UFC?
As of 2022, UFC is owned by Endeavor Group Holdings. Endeavor Group Holdings was formerly known as WME-IMG.
Endeavor, KKR, Silver Lake Partners, and MSD Capital acquired the company for $4.025 billion in 2016. The deal was the largest ever in the sports industry.
Endeavor bought out other UFC owners in 2021 and raised $1.7 billion in funding for the transaction.Simultaneously, Elon Musk joined UFC as a director.
Dana White is the current President of UFC, a position he held since 2001.
Who founded UFC?
The Ultimate Fighting Championship (UFC) was founded in 1993 by businessman Art Davie and martial artist Rorion Gracie.
Earlier, the sport had minimal rules to abide by and its violent nature attracted significant attraction and activism.
In subsequent years, more rigorous rules were created and the sport went on to become a mainstream sport rather than a spectacle.
Under the Dana White Presidency, the sport achieved significant milestones with international expansion in other markets too.