Patriots owner Robert Kraft may soon be a part owner of the Ultimate Fighting Championship.
The UFC is accepting bids for a potential sale, and the Kraft Group has agreed to put up about $25 million to $50 million as part of a WME-IMG bid that may top $4 billion, ESPN reports.
Kraft could be putting money into the pockets of a future competitor, as there has been talk that Frank and Lorenzo Fertitta, the brothers who together own 81 percent of the UFC, could use the proceeds from a sale to buy an NFL team. The Fertitta have lifelong ties to Las Vegas, which would make them a natural fit to make an offer to Raiders owner Mark Davis as the Raiders consider a move, although the Fertittas’ business partner, UFC President Dana White, has denied that they’re interested.
A UFC sale could be agreed upon as soon as today.