The PFL (Professional Fighters League) has sold a minority stake in its company to SRJ Sports Investments, which was launched through Saudi Arabia’s Public Investment Fund (PIF).
The announcement of the minority acquisition was made on Wednesday and will include the launch of a PFL MENA (Middle East North Africa) league, which they hope to launch by the second quarter of 2024, and plans for SRJ to assist with PFL’s expansion with pay-per-view cards in Saudi Arabia.
The company anticipates that Francis Ngannou and Jake Paul will both fight on pay-per-view cards in 2024. Ngannou is scheduled for a boxing fight with Tyson Fury on October 28 in Saudi Arabia and signed an MMA contract with PFL after his UFC deal expired while he was still the UFC Heavyweight Champion.
The Financial Times reports that the infusion of cash for the PFL for SRJ’s minority stake is $100 million.
Bloody Elbow’s John Nash reports that the cash infusion is a welcome investment with information from PFL’s lender presentation allegedly listing a loss of $46.7 million in 2021 and generating $10.1 million in revenue that year.
