TKO Group Holdings, which owns the UFC and WWE, launches a new boxing promotion backed by investment from Saudi Arabia.

White and TKO have partnered with chairman of Saudi Arabia’s General Entertainment Authority, Turki Alalshikh, to launch a new boxing promotion, Ring Magazine announced Wednesday. The executive leadership will be anchored by White and WWE president Nick Khan.

UFC President Dana White and Saudi Arabian General Entertainment Authority Chairman Turki Alalshikh jointly announced the creation of a new boxing promotion Wednesday. According to Ring Magazine, Alalshikh signed a multi-year partnership with TKO,

Garcia knocked Haney down three times and won a majority decision that was eventually overturned and ruled a no-contest. Garcia wasn’t eligible to win Haney’s 140-pound title anyway, because he weighed in more than 3 pounds above the limit.

In a sport such as boxing, where top stars only compete but twice per calendar year, the subjectivity of something like a pound-for-pound ranking can be drastically affected by one performance.  So, how much should fans and critics panic over the current state of Gervonta "Tank" Davis?

Dana White, CEO of the UFC, has officially expanded his influence into the world of boxing. In partnership with Saudi Arabian combat sports promoter Turki Alalshikh,