The chairman of Saudi Arabia’s General Entertainment Authority Turki Alalshikh recently acquired The Ring magazine from Oscar De La Hoya for $10 million and will soon bring it back to print.
Turki Alalshikh Purchases The Ring Magazine
The print version of The Ring magazine will return immediately after a two-year hiatus, available in the US and UK markets. Turki Alalshikh emphasizes that the magazine will be fully independent, featuring talented writers and covering all aspects of boxing. The Ring Rankings will be restored to its previous mechanism, utilizing a fully independent panel to maintain the magazine’s reputation.
Oscar De La Hoya, who owned The Ring for 17 years, sold the magazine for $3 million more than his initial purchase price of $7 million. De La Hoya expressed confidence in Turki Alalshikh’s stewardship, believing that the new owner’s passion for boxing will help grow the brand and improve content quality.
The Ring Magazine, often referred to as “The Bible of Boxing” has had a long history in boxing. The first issue was published on February 15, 1922, and cost 20 cents. Its vision was to create a publication dedicated to boxing that would report fairly, educate fans, and celebrate the athletes. The magazine established its own championship policy, creating the “Ring Championship” to represent the true lineal champion in each weight class.
On X, Turki Alalshikh Tweeted:
“Earlier this week, I finalized a deal to acquire 100% of The Ring Magazine, and I want to make a few things clear, the print version of the magazine will return immediately after a two year hiatus, and it will be available in the US and UK markets. The magazine will be fully independent, with brilliant writers and focusing on every aspect in the sport of boxing. We will restore the legacy of The Ring Rankings to its old mechanism with a fully independent panel that lives up to the Ring Magazine’s golden era.
“We will continue to raise the prestige of The Ring Titles, and plans are already underway to have a yearly extravagant awards ceremony to celebrate the very best in the boxing industry. In the coming weeks, we intend to debut a brand new state of the art website and mobile app.
“We are already in development for a line of Ring Magazine merchandise. The Ring Magazine will be a fully independent company without any involvement from Riyadh Season. In the end, lets get the Bible of Boxing to heights that it has never seen in the past“
Turki Alalshikh and Saudi Arabia have had a massive impact on the boxing sports world. Its influence has been unifying titles and has created dream fights hosted in Riyadh. In addition to boxing, Saudi Arabia has also been working closely with the PFL and the UFC.
