Quote:
Originally Posted by SkinnyPupp
Here's details on the class action lawsuit started by Cung Le like 10 years ago that finally got certified. Maybe there's a better article about it, but he does a good job of explaining it. 1200 fighters suing UFC so far.
https://twitter.com/erikmagraken/sta...34125013118982 |
An update on this. They came to a settlement but THE JUDGE REFUSED TO ALLOW IT, saying it wasn't nearly enough, so now they go to trial. Neither side wanted this, for various reasons, but it will be in the hands of a jury now. The initial ask was $800 million to $1.6 BILLION, and they settled at $335 million but judge thinks it should be higher. TKO will be on the hook for that if a jury decides a boxing style of revenue split is fair (and why wouldn't they?)
Fighters have been getting cucked for decades, tried to get a little bit back, got them to agree to giving some back, and the judge just said fuck that, if you guys won't protect yourselves, The People will do it for you.
This is earth shattering news for TKO, and could have ramifications for how they run their business (not just UFC but possibly WWE as well). And right when TV negotiations are about to start!
I've never heard of something like this happening, so when it's a sport I follow (although not nearly as closely as before) I am pretty blown away.