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UFC Antitrust Lawsuit Explained | John S. Nash Expert Analysis - Publication Date |
- May 05, 2021
- Episode Duration |
- 00:10:30
Bloody Elbow author, podcast host & chief financials columnist, John S. Nash, has come up with an easy to understand explanation for you about the UFC Antitrust Lawsuit on his YouTube Channel at:
https://youtu.be/TsA9FhVfR2s. We are airing an audio version of the video for you here on our Bloody Elbow Presents Podcast Network.
Basically, what's happening is the UFC is being sued in federal court for alleged antitrust violations. where damages potentially could be more than $1 billion. With so many questions surrounding the case this broadcast serves as a quick explainer that hopefully answers most of them.
Further details:
In 2014 a group of former UFC fighters that included Cung Le, Jon Fitch and Brandon Vera filed a lawsuit against the UFC seeking between $800 million and $1.6 billion in damages. That lawsuit accused the UFC of manipulating the mixed martial arts industry in a way that harmed fighters’ abilities to secure meaningful and fair employment within the sector.
The plaintiffs have also accused the UFC of not sharing profits with fighters on a level that matches over top tier sports organizations and elite international athletes. The plaintiffs have estimated that the UFC gives fighters less than 20% of total revenue, whereas major US sports leagues provide a 50-50 revenue split with players.
Late last year a judge certified the lawsuit’s class action status. This victory for the plaintiffs means that any current or former UFC fighter (who competed for the organization between 2010 and 2017) was eligible to join the lawsuit as a plaintiff.
The legal proceedings around this lawsuit are set to ramp up this year. Bloody Elbow will seek to cover every facet of the story as it unfolds.
CONTACT INFO FOR JOHN S. NASH:
Twitter: @heynottheface
Email:
heynottheface@gmail.comThis episode could use a review!
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