Professional Fighters League Value Soars to $1 Billion

PFL extends the ground. The Professional Fighters League (PFL) will host several competitions next year for the first time on African soil.The celebration becomes a major event that makes the league grow, which is It is now valued at about $1 billion.as it progresses Bloomberg.

President and co-owner Don Davis said in an interview carried by the media that starting in May of next year, PFL will organize four events in two regions of the continent.Without specifying the other area.

Reaching the African continent does not represent a decline in PFL’s growth plans, which It also held other competitions in the Middle East earlier this year.The goals also include leagues in Australia, Latin America, Japan and India by 2026.

The $1 billion valuation would be double the $500 million figure CNBC announced in 2022.

The expansion is overseen by Francis Ngannou, a Cameroonian who joined last year as a wrestler and president.Which is expected to inspire other martial arts enthusiasts on the continent. In addition, the Professional Football League (PFL) is following in the footsteps of the National Basketball Association (NBA) by moving the competition outside the United States.

The Professional Fighters League, which debuted in 2018, has invested about $250 million in expansion over the past five years. In 2023, it renewed a media agreement with Espn. It acquired the MMA company Bellator from Paramount Global.

In the mixed martial arts arena, the TKO Group, a conglomerate resulting from the merger between Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE), has among its plans It makes $1 billion in annual revenue after jumping to the New York Stock Exchange.

TKO Group, controlled by Ari Emanuel’s Endeavor Group, It will organize approximately 350 events annually around the world.The management of the Martial Arts Group intends to take advantage of the growing demand for sports content. beloved and events wrestling He lives.

For its part, on April 3, private equity group Silver Lake Management acquired Endeavor Group Holdings. The group spent 13 billion dollars. To formalize the process.