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Trump holds a financial stake in the UFC's parent company hosting the event

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The President of the United States will receive a personal financial benefit from a UFC fight held at the White House.

President Donald Trump holds a documented financial interest in TKO Group Holdings, the parent company of the UFC, having purchased between $15,000 and $50,000 of its stock while promoting the event . Public financial filings establish this stake, which legal filings characterize as a pecuniary benefit resulting from the use of the White House for a private sporting event . Although UFC leadership claims the company is absorbing the entire expense regarding direct venue costs , the event is described in court records as a venture designed to provide an outsized financial benefit to TKO Group Holdings . Furthermore, sources indicate that at least $60 million has been spent by federal agencies and the UFC to facilitate the fight . By promoting a company in which he holds equity, the President is positioned for personal financial gain .

Because “trust me bro” isn’t a source.