That same month, Joe Favorito, former IFL senior vice president, cited financial troubles for the closing of the company on July 31, 2008. In July 2008, there were reports of the IFL's possible purchase by the UFC. The tension between the IFL and the UFC worsened with accusations that the IFL had attempted to buy out several top UFC fighters. The IFL responded with their own suit claiming that Zuffa was threatening potential partners not to work with the IFL, including Fox Sports Net (a deal with Fox Sports was later signed before resolution of the suit ). Zuffa accused the IFL and sued them for illegally using proprietary information obtained by hiring executives from the UFC organization. Throughout the existence of the International Fight League (IFL) between 20, both Zuffa and the IFL had competed in a hostile relationship. Relationship with MMA organizations International Fight League On July 11, 2016, Zuffa announced that it would be purchased by a group led by WME-IMG including Silver Lake Partners, Kohlberg Kravis Roberts and MSD Capital for the price of $4.025 billion. The word "Zuffa" is an Italian word ( pronounced ), meaning "fight". It was founded in January 2001 in Las Vegas, Nevada, by Station Casinos executives Frank Fertitta III and Lorenzo Fertitta to be the parent entity of the Ultimate Fighting Championship (UFC) after they purchased it from the Semaphore Entertainment Group. Zuffa ( / ˈ z uː f ə/) is an American sports promotion company specializing in mixed martial arts.
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