The new company will operate under the MVP banner, led by Co-Founders and Board Members Jake Paul and Nakisa Bidarian. Meanwhile, former PFL CEO John Martin will serve as CEO and Board Member of the new league. MVP’s boxing business and blockbuster live events will continue under Bidarian. Existing PFL shareholders 885 Capital and affiliated entities Knighthead Capital Management will be the founding investors of the new league, committing new capital.
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The new league vows to work under a “fighter-first” philosophy, seemingly challenging rival Ultimate Fighting Championship. While the UFC has been severely criticized over minimum profit share for athletes, the new combat sports league promises equitable compensation. The new league also plans to encourage athletes to build their brands inside and outside of competi…