The PFL league has returned to negotiations to purchase the Bellator MMA league, an asset of Paramount Global.
According to Front Office Sports, citing sources close to the situation, the deal would be worth $500 million, with Paramount receiving some stake in the PFL league along with cash for Bellator MMA. The sources clarify that the deal is not guaranteed and could still fall through.
Last year, the estimated value of the PFL league was between $500 million and $1 billion dollars. The valuation was made before Saudi Arabia’s Public Investment Fund invested $100 million in the PFL through its new sports investment arm SRJ Sports Investments.
Bellator MMA has been owned by Paramount since the organization’s launch in 2008, and the league has been led by former Strikeforce head Scott Coker since 2014.
As of now, the latest tournament on the organization’s calendar is Bellator 300, which will take place on October 7 in San Diego, and the main event will be a lightweight title fight between Russian Usman Nurmagomedov and American Brent Primus.