Back to the MMA Newsfeed

A mysterious Dagestani billionaire wanted to buy a stake in the UFC

Ziyavudin Magomedov, one of the wealthiest men in Russia, was interested in buying a stake of the UFC. Karim Zidan delved into his interesting and controversial background and history of conflict with Russian President Putin.

Amidst rumours that the UFC is in talks to sell the promotion to China Media Capital, a private equity and venture capital firm based in Shanghai, a Russian oligarch revealed that he was close to purchasing a stake of the promotion himself.

Ziyavudin Magomedov, a Dagestani billionaire who is a major investor in Fight Nights Global, appeared to be interested in "UFC shares.