UNVERIFIED
Allegations of profit exist alongside stock purchases, but realized gains are not confirmed.
“The President of the United States will receive a personal financial benefit from a UFC fight held at the White House.”
While multiple sources confirm that legal challenges have been filed regarding the financial benefits of the event, there is no definitive proof of a direct payout to the President. Lawsuits allege that the event is a profit-driven venture intended to deliver financial benefits to Trump and his allies . Specifically, reports indicate that Trump purchased stock in TKO Group Holdings, the parent company of the UFC, while promoting the fight, which ethics experts suggest could result in a pecuniary benefit . Conversely, UFC CEO Dana White maintains that the organization is eating the whole thing and paying for the venue themselves . Financial projections also suggest that TKO Group Holdings may lose up to $30 million on the event despite the $60 million expenditure . Because the potential for profit depends on stock market fluctuations and the outcome of ongoing litigation, the claim cannot be confirmed at this time. For further details on the legal arguments, readers should consult the filings mentioned by Politico and Fox News .
Sources
11Because “trust me bro” isn’t a source.