Dana White handed new function after UFC merged with WWE with the 54-year-old being promoted to Chief Govt Officer of the UFC… as he stays the face of the corporate
- White has been handed a promotion with the UFC after their merger with WWE
- He has seen his function change from President to Chief Govt Officer
- Whereas the job title has modified, his obligations will stay the identical
Dana White has been handed a promotion to Cheif Govt Officer of the UFC following their merger with WWE.
It was introduced in April that WWE would be sold to the Endeavor group and collectively can be merged with UFC to type a model new firm.
And the deal was announced on Tuesday, with a brand new publicly listed firm known as TKO Group Holdings shaped.
Endeavor – who personal UFC – will maintain a 51 per cent stake within the mixed firm, whereas WWE shareholders will maintain 49 per cent.
And the merger has seen UFC president White handed a brand new function as Chief Govt Officer.
Representatives from each Endeavor and the WWE have been current for the official announcement
Endeavor – the dad or mum firm of UFC – have finalised their merger with WWE to type a brand new listed firm named ‘TKO Group Holdings’ which has been valued at £17.3bn ($21.4bn)
Dana White’s UFC was already owned by Endeavor and he has now been handed a promotion
An announcement learn: ‘Dana White is now Chief Govt Officer of UFC and Lawrence Epstein stays Senior Govt Vice President and Chief Working Officer of UFC. Nick Khan continues at WWE within the function of President.’
Moreover, there may be additionally a brand new function for Vince McMahon because the assertion continues: ‘The Board of Administrators of TKO is led by Vince McMahon as Govt Chairman of the Board and consists of 11 members, together with Mr. Emanuel, Mr. Shapiro, and Mr. Khan.’
McMahon responded to the merger as he hailed the long-standing relationship between Endeavor and the WWE.
‘That is the fruits of a decades-long partnership between Endeavor and WWE throughout strategic initiatives together with expertise illustration and media rights,’ Mr McMahon mentioned.
White’s new function is not going to change a lot, as he’s set to stay the face of UFC regardless of a brand new job title.
