Posted on 8/15/125 by Colin Vassallo
There are rumors swirling around that Lorenzo Fertitta, the
former owner of the UFC, is in the game to purchase TNA
Wrestling from Anthem Sports & Entertainment.
Fertitta, who owns a stake in Red Rock Resorts Inc, and who
now runs Fertitta Capital, is a billionaire himself and
outright taking over TNA would be a drop in a bucket for him
considering he has an estimated net worth of $3 billion.
The 56-year-old and his brother Frank bought the UFC in 2001
for $2 million and sold it for $4 billion just 15 years
later to WME-IMG. Fertitta is out of the UFC business having
sold his remaining shares in the company in 2021.
All these rumors remain, at this point, unconfirmed.
Fertitta is a close friend of Dana White and White is
obviously part of the TKO leadership, who along with WWE
make up the majority of the TKO organization. WWE has a very
close relationship with TNA Wrestling at the moment and is
helping the company secure a better television deal, rumored
to be either The CW or A&E.