7/10/2016 9:04 PM PDT BY TMZ STAFF
The UFC has been sold … TMZ Sports has confirmed … and the sale price is around $4 billion.
UFC sources told us entertainment and sports talent agency WME/IMG will be the new owners. The company head, Ari Manuel, will wield a lot of power over the organization.
We’re told Dana White will still have a major presence, serving as President. The Fertittas brothers will have a minority interest and a diminished role.
Lorenzo Fertitta will be stepping down as CEO.
Although the deal has been agreed upon, we’re told the deal will take 6 weeks to 2 months for final signatures.