Turki Alalshikh, the head of Riyadh Season and the Chairman of the General Entertainment Authority, explained during a recent spaces chat on X, that the recently announced TKO boxing league was not created with the mindset of eliminating the sanctioning bodies and the promoters from the boxing market.

The project will be handled by UFC CEO Dana White and WWE President Nick Khan.

"Last week, we announced the first league of boxing with TKO and Dana White. We are going to focus in this league on the talent and to give the opportunity to the fighters, and to make something that the fans will love it. We have a lot of ideas. I will keep it [to myself] until the right time, because Dana is the CEO of the company and the league, [and he will] announce it," Alalshikh said.

"This league is a project that is not against anyone, not against commissions, not against the promoters.... this is my opinion and from my side. This is a project that has space in the market and you will still see the four belts, the commissions and the promoters. The market is huge and no one can delete anyone from this market."

Alalshikh cleared up some of the circulating rumors - as he denied Ring Magazine's involvement in the league.

"For the Ring Magazine, the Ring Magazine will be in the middle," Alalshikh said. "The Ring Magazine will not be involved in any of these things. This is something separate. The Ring Magazine will focus on what the Ring Magazine has been doing for the last 103 years."

While some promoters went on the defensive when the TKO league was announced, other promoters continued to focus on doing business as usual.

"The relationship between Riyadh Season and the relationship between Ring Magazine - and the promoters - will continue for at least 1 or 2 years. This depends on their reactions and what are the options that they will give us. If it is good for us, we will do it," Alalshikh said.

"In this situation, I like what Matchroom and Eddie Hearn is doing. Eddie, is still until now, discussing with my team and with me about doing the big fights all around the world. Eddie takes the position on smart things, he decides to continue to work with us if we continue to do business with him - and this is the professional way. And we've had a lot of discussions with Golden Boy, to have some fighters from them on different cards," Alalshikh said.