The long speculated moratorium of the International Fight League now has a date. According to IFL senior vice president of communications Joe Favorito, the team-based MMA promotion will turn out the lights July 31 as its assets are sold to a yet-to-be-named buyer, confirmed today by several anonymous sources as the UFC ownership group Zuffa LLC.
“As of July 31 my role at the IFL will be no more as the company goes into its final stage of being sold and/or closed down,” Favorito stated via email.
Favorito, who cited the financial deficit of the company as the reason for the sale says he is proud of what the IFL was able to accomplish in the sport.
“We are very proud of what we did here in just over two years, building a brand from nothing into something that people in the industry and outside of the industry actually noticed, and I enjoyed working with so many different people and helped tell some great stories,” added Favorito. “ At the end of the day sometimes the finances don't make sense, but it certainly wasn't for lack of trying.”
The buyout, which will mirror Zuffa’s takeover and subsequent closure of the now defunct WFA and PRIDE FC organizations in 2007 will see the UFC and WEC’s parent company take control of the rights to current IFL contracts as well as the promotion’s video library.
Founded in 2006, the IFL has been a breeding ground for up-and-coming mixed martial artists such as Wagnney Fabiano, Chris Horodecki, Ben Rothwell, Ryan Schultz and Roy Nelson who may now all be headed to the WEC or UFC.
As of time of writing, representatives from Zuffa had not responded to a request for comment on the acquisition.
Report: Zuffa Purchases the IFL
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