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Boxing: UFC and WWE owners finalise Saudi Arabia deal for boxing league

BBC
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TKO Group Holdings , which owns the UFC and WWE , has launched a new boxing promotion.

The Kingdom has invested heavily in boxing in recent years with many of the sport's biggest cards taking place in the Kingdom .

TKO will serve as the managing partner on day-to- day operations, with UFC president Dana White and WWE president Nick Khan placed in "executive leadership" roles.