The Professional Fighters League has sold a minority ownership stake to SRJ (pronounced ‘surge’) Investment launched by the Kingdom of Saudi Arabia’s Public Investment Fund. The deal in PFL’s parent company will launch a PFL MENA region and its budding “Super Fight” PPV arm.
SRJ was established three weeks ago by Saudi Arabia and the PFL was its first investment. The deal comes on the heels of raising $200 million from investors.
PFL MENA is expected to launch in March 2024 and the “Super Fight” PPV arm will debut in the spring of 2024 with a Francis Ngannou fight and in the fall of 2024 with Jake Paul on the card. It would not be any surprise that the PPV cards occur in the Middle East.
The deal puts SRJ’s chairman Bander Bin Mogren on the board of the PFL. Bin Mogren has been the PIF’s COO since 2016.
The investment comes at a time when if looks like the league is making a move to expand with the signings of Ngannou, Paul, Amanda Serrano, Claressa Shields and most recently boxing star Savannah Marshall.
Notably, the PFL’s media deal with ESPN is up this year and the news aids it profile in negotiating a new media deal.
Leave a Reply