UFC boss Dana White has announced his long-awaited move into boxing after signing a deal with Turki Alalshikh to form a 'magnificent' new league that will make the sport 'great again'. TKO Group, the company that houses both WWE and UFC, entered a multi-year agreement with the Saudi General Entertainment Authority to create the promotion. The venture is being fronted by UFC president White and WWE boss Nick Khan, with TKO responsible for running the day-to-day operations of the promotion.