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Saudi Arabian fund buys stake in PFL mixed martial arts league

PFL Saudi Arabia MMA Abdullah AlQahtani

Saudi fighter Abdullah al-Qahtani arrives to fight against US fighter David Zelner in the PFL in New York, US, on August 23 [Angela Weiss/AFP]

A company formed by Saudi Arabia’s sovereign wealth fund has acquired a minority stake in the United States’ Professional Fighters League (PFL) and will create a regional tournament as the kingdom’s sports investment push expands into mixed martial arts (MMA).

The acquisition announced on Wednesday is the first deal sealed by SRJ Sports Investments, a new company unveiled earlier this month by the Saudi Public Investment Fund (PIF), that aims to draw “major global events” to Saudi Arabia.

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