UAE Investor 885 Capital Increases Presence in Sports Sector through PFL Equity Ownership
The Professional Fighters League (PFL) has welcomed a new major shareholder in the form of 885 Capital, an investment fund based in the United Arab Emirates. Sudeep Ramnani, an executive at 885 Capital, was born in London and has previously invested in Paystack.
885 Capital's investment in PFL is strategic, as the league aims to build upon the success of UFC, take a localized approach, and provide regional fighters with an opportunity to become local heroes and be part of a global platform. The smaller footprint of PFL relative to UFC can help the league by allowing for structural changes that can turn weaknesses into strengths, such as a more direct relationship with consumers and free-to-air broadcasting.
The partnership between PFL and 885 Capital was facilitated by discussions about African broadcast rights. 885 Capital made a direct investment in PFL in late 2024, becoming one of the largest shareholders in the league. As a result, 885 Capital now holds two of the 10 board seats in PFL, with only Saudi Arabia's sovereign wealth fund having more.
885 Capital's sports portfolio includes the six-per-side European soccer Baller League, rugby's R360 startup effort, the European League of Football, and Blue Crow Sports Group, which it co-owns. Blue Crow Sports Group holds equity in four teams across Mexico, Europe, and Dubai.
Ramnani, cofounder of 885 Capital, comes from a background in financial services and fintech startups. He recently opened up about 885's investment in PFL, stating that they are not selling anything, not looking to raise external capital, and not looking for investors. Instead, they aim to collaborate and create value within the league.
For more detailed and verified information about 885 Capital, Sudeep Ramnani, and their acquisition of shares in the PFL, I recommend consulting official press releases from the PFL or 885 Capital, business news sources, or financial filings that disclose shareholder information.
People may find it intriguing to learn that 885 Capital, a formidable investor with a primary focus on finance and technology, has ventured into the realm of sports by acquiring a significant stake in the Professional Fighters League (PFL). This real estate not only includes the PFL but also extends to various sports endeavors like the Baller League, R360, European League of Football, and Blue Crow Sports Group, which 885 Capital co-owns, illustrating a diversified portfolio.
