Public Investment Fund of Saudi Arabia planning a $5bn boxing league
June 13, 2024
Saudi Arab is aiming to establish an exclusive boxing league, with the project potentially costing $4-5 billion.
The league could launch as early as 2025, with events focusing on heavyweight bouts. However, representatives from promotional companies Matchroom, Golden Boy, and Top Rank have declined to comment on the potential creation of the league.
The Public Investment Fund of Saudi Arabia is reportedly in talks with leading promotional companies worldwide to create its own boxing league. The project’s cost could range from €4 to €5 billion.
In recent months, Saudi Arabia has hosted several high-profile boxing events, including the fight for the undisputed heavyweight championship between Oleksandr Usyk and Tyson Fury.