Jon Fitch (photo via WSOF)

By FCF Staff

It looks as though World Series of Fighting is to be no more, as the promotion is reportedly switching to a tournament format in 2018, and will be titled the Professional Fighters League.

The news comes not long after WSOF’s infrastructure and operations were purchased by a group led by hedge fund manager, Russ Ramsey, according to a report from the Washington Post. The outlet is also reporting that Washington Capitals , Mystics and Wizards owner, Ted Leonsis, and members of the Lerner family, who own the Washington Nationals, are part of the new ownership group.

The PFL will feature tournaments in seven different weight classes and competitors will fight three times, in an effort to make the playoffs. The winner of each playoff, championship bracket will earn $1 million dollars. The Post story says that $3 million dollars will be split amongst the rest of the league’s fighters annually.

A promotional video for the new league, see below, was also released on Wednesday.