Fertitta Brothers Officially Purchase PRIDE

0

The following is an excerpt from an article on MMAWeekly.com:

The Japanese newspapers reported today in Tokyo, Japan that the UFC has bought Pride. Rumors of the sale have been circulating for a while, but the deal now appears to be done. One of the newspapers in Japan, SportsHochi, reported that Lorenzo and Frank Fertitta, who own UFC parent company Zuffa, will start a new company, thus disbanding Dream Stage Entertainment, the parent company of Pride. DSE/Pride President Nobuyuki Sakikabara, who brought Pride to the United States and was successful in making the Pride brand one of the most compelling MMA promotions in the world, is reportedly resigning from his position.

The new company that will operate Pride apparently won't be run directly by UFC or Zuffa, but will be its own entity owned by the Fertittas, so that Pride and the UFC will operate separately. It is also being reported that the two promotions will hold a joint super show once per year. SportsHochi reports that Pride 34 on April 8th will be the last Pride show run by DSE.

To read the complete article, click here.

Click Here

DISCUSS THIS NEWS IN THE MMANEWS.COM FORUMS >>

LATEST NEWS

video

Bellator 172: Post Fight Press Conference Featuring Fedor Emelianenko

Scott Coker opened the press conference with a statement addressing the cancelled fight between Fedor and Matt Mitrione, and stated that the promotion is...
Fedor Emelianenko

Matt Mitrione Tweets Reason For Cancelled Fedor Emelianenko Bout

Mitrione and Emelianenko were scheduled to square off at Bellator 172's main event on Saturday night before the fight was cancelled at the 11th...
video

MMA Fighter’s Garbrandt-Style Showboating Theatrics Gets Him KO’d

While certainties other than death or taxes are often hard to come by in life, you can put money on MMA fighter Joe Harding...

Video Highlights: Mauricio Alonso TKOs Josh Koscheck At Bellator 172

At the Bellator MMA event at the SAP Center on Saturday night, Josh Koscheck finally made his fighting debut for the promotion. Unfortunately, things didn't...
video

Video: McGregor Says Mayweather Left Once He Arrived In Vegas: “He’s A B*tch”

While "The Notorious" one was in town and apparently all about getting "good business" handled, the other half of the potential equation didn't feel...