As construction continues in front of the White House for the June 14th event, the Huffington Post reports that he purchased between $15,001 and $50,000 of stock of TKO Group Holdings, the parent company of the UFC on March 25 of this year.
The HuffPost reviewed financial disclosures which were released by the U.S. Office of Government Ethics earlier this month.
The Hill reports:
The disclosures also show that Trump was months late in disclosing tens of millions of dollars in stock trading. Presidents are required to publicly disclose stock transactions exceeding $1,000 within 45 days, with records showing that he was assessed with a $200 fee for being late.
The president has been under fire for his stock transactions. Of course, purchasing stock in TKO is not surprising based on the president being a prominent figure at UFC events. Obviously, the plan to host a fight at the White House will provide enormous benefit for the UFC and is already a spectacle. But, for Dana White to be on a public relations tour saying that the event is not political is falling flat. The purchase of stock in the UFC’s parent company reflects a conflict regardless of how this is spun.
Leave a Reply