The sale of the Ultimate Fighting Championship (UFC) has finally been announced officially according to ESPN early Monday morning.

Zuffa LLC and the William Morris Endeavor-IMG agency have reportedly agreed to a deal to sell the mixed martial arts promotion for around $4 billion.  The sale of the UFC is for one-hundred percent of the company which is owned by the Fertitta brothers and Dana White.  The sale is said to be completed over the next few weeks due to the amount of paperwork needed to be filed.

White, who is originally from the Hermon area, owns roughly just less than ten percent of the UFC and will reportedly receive between $300 and $320 million in the purchase of the organization.  He has been offered additional ownership by the new group to stay on in the role he currently serves with the company.

The WME-IMG group is comprised of a group of investors that include New England Patriots owner Robert Kraft.  Reports are that Kraft would be investing $25-50 million into the venture.

The $4 billion sale is the largest for a sports organization in history.

The UFC held its biggest event of the calendar year this past Saturday with UFC 200.  Amanda Nunes won the bantamweight title over Miesha Tate in the main event and Brock Lesnar returned for the first time in five year and beat Mark Hunt by decision.