The Fight Network has a new team of backers in its corner and is in expansion mode. The boxing, wrestling and combat sports digichannel on Wednesday announced a deal to take over the U.K.’s The Wrestling Channel. The station will be renamed The Fight Network U.K.
The channel currently runs in about nine million homes in the U.K. as part of BSkyB’s free-to-air service. Financial details of the sale have not been released.
The announcement comes on the same day the channel unveiled a new group of private investors led by Slaight Communications, along with investors W. Judson Martin, Martin Goldfarb and Robert Foster. Slaight president and CEO Gary Slaight formerly held the same posts at Standard Radio, prior to its takeover by Astral Media.
The deals put the broadcaster ‘into the major leagues of sports broadcasting,’ said TFN Global president and CEO George Burger in a statement. ‘We’ve raised the funds required to plant our flag in the U.K. as well as to meet our working capital requirements, further entrenching us in the epicenter of the booming sports of [mixed martial arts] and boxing.’