A minority share of the UFC has been sold to founder of the Abu Dhabi grappling tournament

Published on: 8th January, 2010

A minority share of the UFC has been sold to founder of the Abu Dhabi grappling tournament   | read this item

Remember when Dana White said during a interview that anyone willing to purchase a piece of Zuffa would need to be wealthy and have little interest in running the daily operations in the company? Well it appears Zuffa has found that wealthy. investor and he is very wealthy.

According to FiveOuncesof Pain.com the promotion has sold a minority share of the company to Sheik Tahnoon Bin Zayed Al Nahyan, who is the son of the former president of the United Arab Emirates.

“Sheik Tahnoon is well known throughout the grappling community as the founder of the no-g submission Olympics, the Abu Dhabi Combat Club. Himself a Brazilian Jiu-Jitsu black belt under Renzo Gracie, Shiek Tahnoon has been a long time supporter and practitioner of Jiu-Jitsu With a current estimated population of 896,75 Abu Dhabi is the second largest city of the United Arab Emirates.

Abu Dhabi currently possesses 9% of the world’s proven oil reserves and nearly 5% of the world’s natural gas. In 2007 Fortune Magazine named Abu Dhabi as the single richest city in the world.”

If you have been following Dana White on Twitter, you know that he has been hard at work on a business deal to bring the UFC to Abu Dhabi in April. What we did not know was he was also hard at work on this deal as well.

This news is still breaking so we will keep you up to date as more information comes our way through out the day on the UFC’s new minority owner.

 Narcisist is the Co-owner of UR Dirt and is the designer, editor and author. URDirt.com is a MMA blog that covers the UFC, WEC, StrikeForce, DREAM and several other Mixed Martial Art promotions. Read more from this author

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