Turki Alalshikh has already made an impact on boxing, and now it appears there will be a new layer. A new boxing league is said to be imminent and Dana White is involved.

A company owned by the country’s sovereign wealth fund is poised to team up with TKO, which owns Ultimate Fighting Championship, the kingdom’s latest foray into pro sports.

A deal for the new competition, which would feature up-and-coming boxers tied exclusively to the league, could be announced within weeks.

Saudi Arabia and its Public Investment Fund could team up with the UFC to create a new boxing league. According to a report from the New York Times, the two parties could join forces via TKO Group Holdings Inc.

TKO is reportedly close to launching a boxing league with the Saudi Arabia Public Investment Fund. Tariq Panja and Kevin Draper of the New York Times report that TKO and the Saudi Arabia Public Investment fund are close to creating a boxing league.

The TKO family may grow over the next few weeks as a report out Wednesday has the owners of WWE & UFC teaming up with Saudi Arabia to launch a new boxing league. While rumors of TKO and the

Reports suggest that TKO Group, owners of WWE & UFC, are close to creating a new Boxing League, teaming up with Saudi's PIF.

According to a recent bombshell report, the UFC and Dana White could be getting into the boxing business with Saudi Arabia as a partner.

The media conglomerate TKO Group, which includes the UFC fighting league and WWE wrestling promotion, is planning to create a professional boxing league in the near future.