Ring Magazine issued a statement through its popular X account in response to a report in The Telegraph suggesting long-standing fight promoter Frank Warren was preparing a $1 billion legal complaint against Turki Alalshikh, Sela, and TKO.
Within, Warren’s lawsuit alleges breach of exclusive contracts by forming Zuffa Boxing without him, and costing Queensberry potential earnings. Sela denies the claims.
Now, Ring Magazine, which Alalshikh owns, gave a statement on social media. It leaned on what it said was “rumors,” to suggest “Queensberry is in financial trouble without a continued relationship with Sela and TKO.” Ring did not provide supporting evidence in its statement.
Boxing Social contacted Queensberry for comment but received no response at the time of publication.
Queensberry’s last filings to Companies House in the UK, which show financial documents for the year up to the end of March, 2025, do not indicate financial distress.
Accounts show the company, for that period, posted £167.2 million ($226.5 million) turnover and £11.2 million ($15.2 million) profit. There is no language suggesting dependency on Sela or TKO.
Ring Magazine’s statement continued: “The loss of those relationships has influenced Queensberry’s threat to sue Sela and TKO.”
It then said Queensberry’s Fabio Wardley vs Daniel Dubois event “is struggling to sell tickets,” however tickets are not released yet for pre-sale.
“Queensberry have not been promoting any Riyadh Season fights since last November, and there are no plans for the two sides to work together in the future.”
Ring Magazine also said some Queensberry “fighters are seeking other promoters” and that “rumors of litigation were leaked” which “created an unrepairable rift.”
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