Dana White (Jose Youngs/The MMA Corner)Report: UFC Owners in Talks to Sell Promotion José Youngs May 10, 2016 News, Spotlight, UFC Zuffa LLC, the primary owners of the UFC, are in advanced to sell the Las Vegas based fight promotion. ESPN’s Darren Rovel reported the news Tuesday afternoon following on initial report from Bleacher Reports Jonathan Snowden back in March. According to the reports, the four major players for majority ownership are WME/IMG, China Media Capital, The Blackstone Group and Dalian Wanda Group. The winning bid is expected to ranged between $3.5 billion and $4 billion. The current front runner is believed to be the Chinese-based Dalian Wanda Group. Its chairman, Wang Jianlin, is the richest man in China, worth nearly $34.8 billion, according to Forbes Magazine. Lorenzo and Franker Fertitta, primary owners of Zuffa LLC, initially purchased the UFC back in 2001 for a mere $2 million. Flash forward to 2016 and the promotion is now making a reported $600 million in revenue. The MMA corner will continue to monitor the situation and keep readers updated as it unfolds. Pingback: Report: UFC Nearing $4 billion Sale For 100% Control Of The Company() Pingback: Report: Zuffa LLC Accept $4.2 Billion Bid to Sell UFC()