Professional Fighters League seeks $50 million investment for international expansion

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Chairman Donn Davis says the mixed martial arts series Professional Fighters League is valued at $300 million and has raised $105 million since its start in 2018.

last year, which featured fighter stats, including kick speed, punching impact, and other fighter metrics. The PFL wants to turn the data into prop bets through a gambling partnership it started.The PFL, a single-entity league controlled by investors that include prominent sports owners, said it's planning for a bubble environment in Las Vegas for 2021 should live events not return due to Covid-19.

"It's MMA meets March Madness. When you turn on a PFL fight, you know that fighter is fighting for his life. Every fight is an elimination fight," he added. "Every fight is a Game 7." , is difficult. One banker, who spoke with CNBC on the condition of anonymity, compared the PFL to the XFL's two failed attempts to take on the NFL, for example.

 

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They need the money to oil down the fighters—America wants shiny fighters

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