Saudi Arabian fund buys stake in PFL mixed martial arts league
1 year, 3 months ago

Saudi Arabian fund buys stake in PFL mixed martial arts league

Al Jazeera  

Fund created by Saudi sovereign wealth fund invests in MMA promotion company and will create a regional tournament. A company formed by Saudi Arabia’s sovereign wealth fund has acquired a minority stake in the United States’ Professional Fighters League and will create a regional tournament as the kingdom’s sports investment push expands into mixed martial arts. The acquisition announced on Wednesday is the first deal sealed by SRJ Sports Investments, a new company unveiled earlier this month by the Saudi Public Investment Fund, that aims to draw “major global events” to Saudi Arabia. “This investment aims to nurture the local and regional talent pool in martial arts, promote gender equality in sport, and bring new opportunities directly to Saudi Arabia and the wider MENA region.” PFL will launch its MENA league next year and will stage other “mega-events” in Saudi Arabia, Wednesday’s announcement said. But the flurry of deals and negotiations has also spurred allegations of “sportswashing” or using sports to distract from Saudi Arabia’s frequently criticised human rights record.

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