DUBAI, United Arab Emirates--(BUSINESS WIRE)--Oct 25, 2025--
MultiBank Group, the world’s largest financial derivatives institution, has entered into an exclusive worldwide multi-billion-dollar joint venture with global sports icon and undefeated UFC champion Khabib Nurmagomedov (29-0) to create a first-of-its-kind regulated ecosystem connecting global finance, sports and technology.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251025540563/en/
The partnership will culminate in the creation of a multi-billion-dollar joint venture, MultiBank Khabib LLC, uniting two global powerhouses: MultiBank Group, a leader in regulated financial excellence, and Khabib Nurmagomedov, undefeated in the octagon and whose influence extends far beyond sport. The company will operate from MultiBank Group’s headquarters in Dubai, building a worldwide network of high-end sports ventures and real-world digital assets. This structure fulfills the vision of MultiBank Group Founder and Chairman, Naser Taher, for an exclusive global joint venture, granting MultiBank exclusive rights to develop and promote projects under the Khabib Nurmagomedov brand name, including the development of 30 state of the art Khabib gyms, Gameplan and Eagle FC brands.
The entire venture is backed by MultiBank Group’s regulated digital ecosystem and powered by its cornerstone $MBG Token being the driving force behind its expanding portfolio of real-world-asset (RWA) technologies and initiatives.
Naser Taher, Founder and Chairman of MultiBank Group, stated: “From the UAE, we are shaping a new blueprint for the business of sport through the regulated tokenization of real-world sports assets (RWA). Together with Khabib Nurmagomedov, and powered by our ecosystem token, $MBG, we are uniting finance and athletics into a single transparent, technology-driven ecosystem — one built on trust, innovation, and the strength of the MultiBank framework. This initiative proudly aligns with the UAE’s vision of becoming a global hub for digital asset innovation and world-class sports. ”
Khabib Nurmagomedov added: “This partnership with MultiBank Group is built on shared values of strength, respect, and discipline. Together with MultiBank Group, we are building real global opportunities that go beyond sport, empowering athletes and fans through a regulated and innovative digital ecosystem. This is only the beginning.”
About MultiBank Group
Established in California in 2005, MultiBank Group has become one of the world’s largest financial derivatives institutions, serving over 2 million clients in 100 countries, with daily trading volumes exceeding US $35 billion. The Group operates under 18 regulatory licenses across 5 continents and maintains over 25 offices worldwide, renowned for its commitment to regulatory strength, transparency, and innovation.
MultiBank Group and Khabib Nurmagomedov Launch an Exclusive Worldwide Multi-Billion-Dollar Joint Venture to Build the World’s First Regulated Tokenized Sports Ecosystem
LONDON (AP) — The rapper formerly known as Kanye West has been barred from entering the U.K., where he was scheduled to perform at the Wireless Festival in July.
It came after government officials condemned Ye's history of antisemitic remarks.
The festival’s organizers confirmed the ban and said the entire three-day festival was being canceled as a result.
Ye’s travel authorization had been blocked on the grounds that the performer’s presence in the U.K. would not be “conducive to the public good," the BBC said, citing the Home Office.
Ye was booked to perform in front of around 150,000 revelers July 10-12 at the open-air festival in London’s Finsbury Park.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
LONDON (AP) — A senior member of the British government said Tuesday that Ye should “absolutely not” play the Wireless Festival as the performer offered to meet members of the U.K.’s Jewish community and show he has changed since provoking outrage with antisemitic statements.
U.K. authorities are considering whether to ban the rapper formerly known as Kanye West from entering Britain, where he is booked to perform in front of around 150,000 revelers July 10-12 at the open-air festival in London’s Finsbury Park.
“His permission to enter the U.K. is under review as we speak," said Prime Minister Keir Starmer's spokesman, Tom Wells. “All options remain on the table.”
Organizers are under mounting pressure from sponsors and politicians to cancel the gigs by the rapper, who has drawn widespread condemnation for making antisemitic remarks and voicing admiration for Adolf Hitler.
Last year, he released a song called “Heil Hitler” and advertised a swastika T-shirt for sale on his website. The 48-year-old apologized in January with a letter, published as a full-page advertisement in The Wall Street Journal. He said his bipolar disorder led him to fall into “a four-month long, manic episode of psychotic, paranoid and impulsive behavior that destroyed my life.”
Wireless sponsors Pepsi, Rockstar Energy and Diageo have pulled out of the festival since Ye was announced as the headliner, and Starmer called the booking “deeply concerning.”
In a statement Tuesday, Ye, who changed his name in 2021, said he “would be grateful for the opportunity to meet with members of the Jewish community in the U.K. in person, to listen.
“I know words aren’t enough — I’ll have to show change through my actions,” he said. “If you’re open, I’m here.”
Phil Rosenberg, president of the Board of Deputies of British Jews, said the group would be willing to meet with the musician if he pulled out of the festival.
“The Jewish community will want to see a genuine remorse and change before believing that the appropriate place to test this sincerity is on the main stage at the Wireless Festival,” Rosenberg said.
Organizer Festival Republic stood by Ye. In a statement issued Monday, managing director Melvin Benn urged people to offer the performer “forgiveness and hope.”
“We are not giving him a platform to extol opinion of whatever nature, only to perform the songs that are currently played on the radio stations in our country and the streaming platforms in our country and listened to and enjoyed by millions,” the statement said.
U.K. Health Secretary Wes Streeting dismissed the organizers’ statement as “absurd” and said Ye should “absolutely not” perform at Wireless.
Benn acknowledged that Home Secretary Shabana Mahmood had the power to revoke Ye's visa to come to Britain.
“If she does, she does, and then the issue is over,” he told the BBC on Tuesday.
A representative for Ye didn’t reply to a request for comment.
FILE - Kanye West appears at the 67th annual Grammy Awards in Los Angeles on Feb. 2, 2025. (Photo by Jordan Strauss/Invision/AP, File)
FILE - Kanye West, who changed his name to Ye in 2021, performs at the Coachella Music & Arts Festival in Indio, Calif., on April 20, 2019. . (Photo by Amy Harris/Invision/AP, File)
