Turki Alalshikh Purchases The Ring Magazine

Turki Alalshikh, the Chairman of the General Entertainment Authority in Saudi Arabia, has acquired The Ring magazine for $10 million from Oscar De La Hoya, marking a significant move in the world of boxing. Alalshikh announced plans to bring back the print edition of the magazine, which has been digital-only since 2022, with distribution in the U.S. and U.K. He emphasized that the magazine will operate independently, with a new team of writers and a commitment to revitalizing The Ring Rankings. Additionally, Alalshikh plans to launch a modern website and mobile app, as well as an annual awards ceremony to celebrate boxing excellence. This acquisition aligns with Alalshikh's broader ambitions to make Saudi Arabia a central hub for combat sports. The move has garnered positive reactions from notable figures in the boxing community, who see it as a promising development for the sport.