After strong whispers over the weekend that multiple trips by UFC officials to Abu Dhabi were to negotiate the sale of a 10 percent minority stake, the news became official today when the promotion released the information to AP:
Flash is now ahead of Dana White in the ownership pecking order. White owns nine percent, Flash owns 10 percent while the Fertittas, Lorenzo and his brother Frank III, each own 40.5 percent.
The infusion of money also opens speculation that the Fertittas could use the money as a crutch for their struggling gaming company, Station Casinos
UFC is rumored to be holding its first fight card in the middle east on Apr. 10 in Abu Dhabi. Lorenzo Fertitta and White are pictured with Sheikh Tahnoon Bin Zayed Al Nahyan, son of former United Arab Emirates president Sheikh Zayed bin Sultan Al Nahyan
The Outlaw Micheal Tomsik
www.outlawsportsradio.com
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