Donald Trump Bought Stock in UFC’s Parent Company Ahead of White House Fight Event
The purchase came as TKO’s UFC and WWE brands prepared for major events that will give the company added publicity, HuffPost reported.
- President Donald Trump purchased between $15,001 and $50,000 of stock in TKO Group Holdings on March 25, according to his May 12 financial disclosure filing reviewed by HuffPost.
- The stock purchase preceded Trump's promotion of UFC Freedom 250, an Ultimate Fighting Championship event scheduled for the White House South Lawn next month to celebrate the nation's 250th anniversary.
- Construction on the octagon's support structure began earlier this week, with sponsorship packages selling for as much as $1.5 million and up to 100,000 people expected to watch on screens at the nearby Ellipse park.
- Critics argue using the White House to promote a company whose stock Trump bought represents a major conflict of interest, though neither the White House nor TKO Group has publicly commented on the disclosures.
- Trump has actively bought and sold stock in companies he promoted or that received favorable regulatory decisions from his administration, raising questions about using the presidency to enrich himself.
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Ethical organizations warn that the financial operation coincides with profits for the company
Trump 'bought UFC stock' ahead of White House event - and people aren’t surprised
US president Donald Trump is facing fresh criticism over his plans to host a UFC event at the White House as part of this year's 4 July celebrations, after HuffPost reported the 79-year-old allegedly purchased between $15,001 and $50,000 worth of stock in UFC's parent company TKO Group Holdings back in March, ahead of the MMA event.
Donald Trump Bought Stock in UFC's Parent Company Ahead of White House Fight Event
With a capacity to accommodate nearly 5,000 spectators, UFC plans to kick off the nation’s 250th anniversary celebrations at the presidential residence on June 14th. It follows a nearly 12-month journey that began when President Donald Trump announced the event at an Iowa rally last year. Yet, the historical significance of the show has done little to quiet the wave of criticism around the event ever since its announcement. Amid the existing scr…
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