The Legacy Fighting Alliance (LFA) has a new majority owner as the London Trust Media (LTM) group has purchased the majority shares of the promotion.

Former LFA majority owner Ed Soares is excited for the move, especially with the backing and infrastructure of a major company.

“Everything that we’ve been able to accomplish has been with a skeleton crew,” Soares said on The MMA Hour. “And now with the backing and the infrastructure that we’re gonna be building, I’m really looking forward to a lot of things.”

Soares is going to remain with the promotion as CEO, while MMA promoter Sven Bean will take over as company president.

If there is one thing that Soares wants to see the LFA become is the largest MMA promotion in the world.

“Pound-for-pound, we’re the best organization on the planet,” Soares said. “You look at someone like the UFC, who does 40 to 45 events a year domestically and internationally and they have over 300 employees. And you have someone like Bellator, who’s doing 30 to 35 events domestic and internationally and they probably have somewhere around 80 to 100 employees. And then you look at the LFA and we were able to do 30 events last year and we were operating on about six to seven [employees]. We were really able to maximize our workload. So I’m really looking forward to building a team and really growing. That’s our main focus — growing and keep doing what we’re doing.”

Up next for the promotion is LFA 40 this Friday Night, which will see Kevin Aguilar and Thanh Le headline for the undisputed LFA Featherweight Title.