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.
- On March 25, President Donald Trump purchased between $15,001 and $50,000 of stock in TKO Group Holdings, the parent company of the Ultimate Fighting Championship, ahead of his June 14 UFC Freedom 250 event on the White House South Lawn.
- HuffPost revealed the transaction in a May 12 financial disclosure, prompting criticism over potential conflicts of interest as Trump promotes the 250th anniversary spectacle despite his ties to UFC CEO Dana White.
- Plans include seating for approximately 5,000 spectators on the White House grounds, with massive screens at the nearby Ellipse park accommodating up to 100,000 people and sponsorship packages selling for as much as $1.5 million.
- White House spokesman Davis Ingle stated that "Fake News" attempts to fabricate conflicts of interest are irresponsible, asserting President Trump does not personally manage stock transactions.
- While reports indicate no direct evidence that the President personally directed the TKO stock purchase, critics argue the investment fits a recurring pattern of personal enrichment linked to administrative actions.
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Trump’s White House UFC Cage Match Is Another Big, Fat Grift
Donald Trump is pretending to give America the present of a UFC cage match on his birthday but the real gift recipient is sure to be his own self. “Trump purchased between $15,001 and $50,000 of stock of TKO Group Holdings, the parent company of UFC, on March 25,” HuffPost found in his May financial disclosure filing. Next month, the Grifter in Chief will provide that company with a “fortune in publicity,” HuffPost noted, when he hosts a UFC cag…
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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