Lorenzo and Frank Fertitta are no longer a part of the UFC. The casino magnates and former UFC co-owners, who bought the promotion for $2 million in 2001, have “fully divested” from the promotion, according to a report today from Forbes , which cited a source with knowledge of the sale. A UFC representative declined a request to confirm the news to MMAjunkie. The Fertittas had retained a combined 5.8 percent stake in the company – initially characterized as a “ passive minority interest ” – through the UFC’s sale to entertainment giant WME-IMG in July 2016.
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Report: Fertitta brothers sell remaining UFC stake, signaling end of an era – MMA Junkie