A group of private investors have agreed to buy the UFC for about $4 billion. The sale will not close for several weeks. It will be the largest franchise sale in sports history.

The New York Times reported the impending sale late on July 10, and UFC president Dana White confirmed it in interviews with ESPN and the Associated Press. White said the sale would elevate MMA to the next level. He had previously denied rumors that the UFC was up for sale. [Read more…]