Article Summary
TKO Group Holdings, the company that owns both the UFC and WWE, has partnered with Saudi Arabia and Turki Alalshikh for their new boxing promotion. TKO is handling the logistics and Saudi Arabia and Alalshikh are providing financial backing. The first TKO Boxing event will be headlined by a superfight between Saul “Canelo” Alvarez and Terence Crawford on Sept 12. TKO plans to have an average of 12 fights a year for the next five years, with one to four superfights per year. The Saudis will fund the superfight cards, and TKO will work with them on media rights deals and take a commission. The other 12 cards will be a separate business for TKO. Further details on TKO Boxing, including the official name for the promotion and the fighters involved, are still to be revealed.
What This Means for You
- Expect to see high-profile boxing matches, including “superfights,” under the TKO Boxing banner, which could result in more exciting and competitive match-ups in the sport.
- As a boxing fan, keep an eye out for the new TKO Boxing events and fighters, especially if you’re interested in watching the best in the sport compete against each other in high-stakes matches.
- The partnership with Saudi Arabia may raise concerns for some about the country’s human rights record and the ethics of funding sports events with potentially controversial sources.
- The future of boxing could see increased involvement from large sports entertainment companies, which could bring more resources and organization to the sport but might also change its traditional landscape and culture.
Original Post
TKO’s foray into the boxing world has left many fans wondering what the future looks like for the sport. TKO president and chief operating officer Mark Shapiro gave some insight into what that future looks like.
TKO Group Holdings, the company that owns both the UFC and WWE, partnered with Saudi Arabia and Turki Alalshikh for the new boxing promotion, with TKO handling the logistics and Saudi Arabia and Alalshikh providing financial backing.
After the recent card headlined by Saul “Canelo” Alvarez and William Scull, which Alvarez won by decision to become undisputed super middleweight champion for a second time, Alalshikh announced that Alvarez would face former junior welterweight and welterweight undisputed champion Terence Crawford on Sept 12.
Crawford vs. Alvarez will be the headliner for the first TKO Boxing event. A fight between such accomplished fighters fits the “superfight” tag, which Shapiro said would be an occurrence “one to four” times each year across a schedule of 12 cards per year.
“I would just tell you that we’re expecting with the boxing organization that we’re putting on an average of call it 12 fights a year, 12 cards a year for each of the next five years,” Shapiro said during a quarterly financial call. “[We’re] still putting that plan together and obviously working hand in hand with our friends from Saudi.”
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“Irrespective of those, we will look to do anywhere from one to four sort of superfights per year, we’ll see how that plays out. But obviously, we would term the Canelo/Crawford September matchup as one of those. And then on that undercard, we would have a number of those undercard fights that would likely air on the television partner/media partner we would have for our newly formed boxing organizations.”
Shapiro further clarified that, “The Saudis are funding what would be these superfight cards. We’ll work with them on media rights deals and take a commission.” TKO would keep the superfight cards and the other 12 cards as “two separate businesses.”
Futher details on TKO Boxing, including the official name for the promotion, are still to be revealed. Among the most interesting details still to come are what fighters will be a part of the promotion, since most of the biggest names, world champions and most experienced fighters are already tied up in promotional deals with various established boxing promotions.
Key Terms
- TKO Boxing
- Saudi Arabia
- Turki Alalshikh
- Superfight
- Boxing Promotion
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