Frank Warren considers legal action against Sela and TKO in $1bn dispute
Veteran promoter Frank Warren has confirmed he is considering legal action against Saudi Arabian-owned Sela and American media giant TKO in a dispute potentially worth $1bn (£739m).
The Queensberry Promotions chief alleges that the two entities breached existing contracts by forming a rival outfit, Zuffa Boxing.
Sela is a Saudi state-owned entertainment company, while TKO Group Holdings owns both the UFC and WWE.
Warren claims the formation of the new promotional vehicle, fronted by UFC president Dana White, was conducted without his knowledge.
Contractual ‘difference of opinion’
It is understood that lawyers representing Queensberry have sent "letters before action" to the parties involved.
Reports suggest the alleged breach could result in lost earnings amounting to ten figures.
Despite the magnitude of the potential claim, the 72-year-old played down the personal animosity of the situation.
"It’s just a difference of opinion over the contracts that we signed, so that will just take its course," Warren told BBC Sport.
"I can’t make any comment on it. It is what it is and it will take its course."
In a statement, Sela expressed they were "disappointed" by the accusations and said they "reject them in their entirety".
Fury promotion changes hands
Tension appears to have stemmed from the organization of Tyson Fury’s upcoming return to the ring.
The former heavyweight champion has been promoted by Warren since mounting his comeback in 2018.
However, the Gypsy King’s fight in April on Netflix has been primarily organised by Sela and the streaming platform.
TKO executive Mark Shapiro has stated that promotional duties for the event will fall to Zuffa Boxing rather than Queensberry.
Zuffa makes waves
The launch of Zuffa Boxing has immediately disrupted the established order of British boxing.
Dana White’s new venture recently secured the signature of Conor Benn from Eddie Hearn’s Matchroom Boxing.
They have also signed IBF cruiserweight champion Jai Opetaia, who is set to defend his titles in March.
When asked if the legal dispute would impact future collaborations with Saudi advisor Turki Alalshikh, Warren insisted his focus remains on delivering events.
"We will do what we continue to do and that is put on great shows," said Warren.
"Boxing is not broken for us, it’s well and alive. We’re not babies, we get on with it."