Published By: Ritayan Basu
Last Updated: April 07, 2023, 17:14 IST
In what’s perceived to be one of the crucial vital developments within the historical past of sports activities, the World Wrestling Entertainment (WWE) agreed to merge with UFC. WWE and UFC bought merged in an eye-popping deal value $21.4 Billion. It is now being learnt that Endeavor Group Holdings has now emerged as the highest-valued sports activities firm on the earth. A report revealed by SPORTBIBLE claims that WWE is value $9.3 billion, whereas UFC is at present valued at a staggering $12.1 billion. The report mentions that Endeavor Group Holdings is correct now forward of the $20.8 billion-valued Liberty Media by an enormous margin.
Kroenke Sports & Entertainment, homeowners of the Premier League giants Arsenal, claims third sport on the elite record of corporations. Jerry Jones, proprietor and basic supervisor of NFL facet Dallas Cowboys, is positioned in fourth place, with a valuation of $11.32 billion. Fenway Sports Group, homeowners of Liverpool amongst different sports activities groups, finds themselves on the fifth spot on this record.
Endeavour Group Holdings – $21.4 billion
Liberty Media – $20.8 billion
Kroenke Sports & Entertainment – $12.75 billion
Jerry Jones – $11.32 billion
Fenway Sports Group – $10.4 billion
Madison Square Garden Sports – $9.17 billion
The Kraft Group – $7.94 billion
Yankee Global Enterprises – $7.64 billion
Glazer Family – $7.53 billion
Paul G. Allen Trust – $7.41 billion
WWE and UFC’s landmark merger is known to have left a big effect on the share market. With the high-profile acquisition set to shut within the second half of this 12 months, shares of WWE reportedly fell greater than two per cent. Meanwhile, Endeavor needed to face a 5 per cent decline earlier this week on Monday. It is being understood that Endeavor will personal a 51 per cent stake within the newly shaped entity. WWE, however, can have the remaining 49 per cent of the stake.
“Anything from H.R. to finance to legal to communications production to distribution and marketing. Across every area, you’re going to find cost synergies. You’re going to integrate and ultimately highlight and appoint the best and brightest teams,” Endeavor COO Mark Shapiro reportedly stated following the blockbuster merger.
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