Reporting first detailed in The Telegraph and echoed across British boxing media indicates that Queensberry believes Sela and TKO later negotiated and signed a separate five-year deal to launch Zuffa Boxing without its involvement. Warren says the new arrangement left his company outside a project it helped assemble, cutting off future participation in Saudi-backed events and the revenue tied to them.
The Telegraph reported that “legal letters have been traded like jabs in the first round of a bout,” and that Warren intends to take the case to the High Court if the matter is not resolved.
Since the crossover fight between Tyson Fury and Francis Ngannou in October 2023, Saudi Arabia’s footprint in elite boxing has grown. Bigger fights followed and broadcast reach widened as TKO, the parent company behind the UFC’s rise into a global powerhouse, entered the sport through Zuffa.
For decades, promoters built events piece by piece. The Sela-TKO alignment points toward a tighter structure where fighters, television, and promotion operate under one roof.
Queensberry’s roster has been central to Saudi events, with Tyson Fury among the headline attractions during the early Riyadh shows. If relations harden, that strain would not stay confined to boardrooms.
Warren’s $1 billion figure reads as a statement about valuation as much as compensation. It reflects how lucrative he believes continued involvement in Saudi boxing would have been. Whether that number survives legal scrutiny is unclear. The matter remains at the warning stage, and no detailed response from Sela or TKO has been publicly reported beyond rejecting the claims.
The expansion looked seamless from the outside. Court scrutiny would test how secure the foundation really is.
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