{"id":137664,"date":"2023-08-30T18:34:21","date_gmt":"2023-08-30T15:34:21","guid":{"rendered":"https:\/\/timeskuwait.com\/news\/?p=137664"},"modified":"2023-08-30T18:34:21","modified_gmt":"2023-08-30T15:34:21","slug":"saudi-arabian-fund-buys-stake-in-pfl-mixed-martial-arts-league","status":"publish","type":"post","link":"https:\/\/timeskuwait.com\/news\/saudi-arabian-fund-buys-stake-in-pfl-mixed-martial-arts-league\/","title":{"rendered":"Saudi Arabian fund buys stake in PFL mixed martial arts league"},"content":{"rendered":"<p class=\"p2\">A company formed by Saudi Arabia\u2019s sovereign wealth fund has acquired a minority stake in the United States\u2019\u00a0Professional Fighters League\u00a0(PFL) and will create a regional tournament as the kingdom\u2019s\u00a0sports investment push\u00a0expands into mixed martial arts (MMA).<\/p>\n<p class=\"p1\">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 (PIF), that aims to draw \u201cmajor global events\u201d to Saudi Arabia.<\/p>\n<p class=\"p1\">\u201cToday marks a new milestone for SRJ as we make our inaugural investment,\u201d SRJ chairman Bander Bin Mogren said in a statement. \u201cThis 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.\u201d<\/p>\n<p>PFL will launch its MENA (Middle East and North Africa) league next year and will stage other \u201cmega-events\u201d in Saudi Arabia, Wednesday\u2019s announcement said.<\/p>\n<p>\u201cPFL\u2019s mission is to become the global co-leader in MMA with our fighter-first mission and disruptive sport-season format,\u201d said PFL founder and chairman, Donn Davis. \u201cThis investment by SRJ continues the monumental growth that PFL has experienced throughout the world, and there is no better partner in global sports than SRJ.\u201d<\/p>\n<p>The value of the deal was not disclosed, but the Financial Times reported it was $100m.<\/p>\n<p style=\"text-align: right;\">Source: Aljazeera<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A company formed by Saudi Arabia\u2019s sovereign wealth fund has acquired a minority stake in the United States\u2019\u00a0Professional Fighters League\u00a0(PFL) and will create a regional tournament as the kingdom\u2019s\u00a0sports investment push\u00a0expands into mixed martial arts (MMA). The acquisition announced on Wednesday is the first deal sealed by SRJ Sports Investments, a new company unveiled earlier [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":137665,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,22],"tags":[],"class_list":["post-137664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Arabian fund buys stake in PFL mixed martial arts league - TimesKuwait<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timeskuwait.com\/news\/saudi-arabian-fund-buys-stake-in-pfl-mixed-martial-arts-league\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabian fund buys stake in PFL mixed martial arts league - TimesKuwait\" \/>\n<meta property=\"og:description\" content=\"A company formed by Saudi Arabia\u2019s sovereign wealth fund has acquired a minority stake in the United States\u2019\u00a0Professional Fighters League\u00a0(PFL) and will create a regional tournament as the kingdom\u2019s\u00a0sports investment push\u00a0expands into mixed martial arts (MMA). The acquisition announced on Wednesday is the first deal sealed by SRJ Sports Investments, a new company unveiled earlier [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timeskuwait.com\/news\/saudi-arabian-fund-buys-stake-in-pfl-mixed-martial-arts-league\/\" \/>\n<meta property=\"og:site_name\" content=\"TimesKuwait\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/timeskuwait\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-30T15:34:21+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2023\/08\/Untitledd-5.png\" \/>\n\t<meta property=\"og:image:width\" content=\"674\" \/>\n\t<meta property=\"og:image:height\" content=\"447\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Lenin Kumar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thetimesq8\" \/>\n<meta name=\"twitter:site\" content=\"@thetimesq8\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lenin Kumar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/saudi-arabian-fund-buys-stake-in-pfl-mixed-martial-arts-league\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/saudi-arabian-fund-buys-stake-in-pfl-mixed-martial-arts-league\\\/\"},\"author\":{\"name\":\"Lenin Kumar\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#\\\/schema\\\/person\\\/c1f19a91112956d7f83c270ed5aa1760\"},\"headline\":\"Saudi Arabian fund buys stake in PFL mixed martial arts league\",\"datePublished\":\"2023-08-30T15:34:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/saudi-arabian-fund-buys-stake-in-pfl-mixed-martial-arts-league\\\/\"},\"wordCount\":240,\"publisher\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/saudi-arabian-fund-buys-stake-in-pfl-mixed-martial-arts-league\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Untitledd-5.png\",\"articleSection\":[\"Featured\",\"Sports\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/saudi-arabian-fund-buys-stake-in-pfl-mixed-martial-arts-league\\\/\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/saudi-arabian-fund-buys-stake-in-pfl-mixed-martial-arts-league\\\/\",\"name\":\"Saudi Arabian fund buys stake in PFL mixed martial arts league - 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