The lawyers will take a huge chunk of the settlement. The fighters did not really make out on this but at least they got something.They were initially looking for anywhere from $894 million to $1.6 billion. Looks like TKO (UFC parent company) made a good deal. It isn't enough money, but it's something.
There were 1,200 fighters involved in the lawsuit, so that works out to about $280K per fighter. I would say the company got off light, to put it kindly.
To put things into perspective the TKO is looking to double the UFC's media rights fees, which are currently $300 million a year. If they sign a new deal, it'll likely be a 5 year, $2.4 to $3.0 billion dollar deal. This doesn't include the $105 million a year Bud Light is giving them, gate, UAE fees, tax breaks, site money and countless other deals.
The UFC just made $1.3 billion last year and $1.1 billion the year before.
This settlement is a drop in the bucket.
@Black9
I also updated the OP with quotes and the article. I can't stand a half assed OP, lol.
Not really. People settle just to get rid of a long agony, that will also cost them a lot in lawyer fees.Matt Hughes if true!
In my eyes they are basically admitting to fault. Because if your not guilty then why settle?
Let's see what else comes of this. Cung Le is a badass.
Maybe TKO put pressure on the UFC to resolve this quickly. Sweep it under the rug like many have said. But still in my eyes makes them look guilty and we ain't gonna forget. Can be used against them.
I would have preferred trial as that would set a precedent for the future and perhaps change things completely
But that much money is nothing to sneeze at.
What fighters get it and how much?
I'm assuming the lawyers are gonna wind up with like half.
Owning a stake to even 50% of a hotdog brander is huge in this economy. W justiceI would of settled for a authentic vintage UFC HotDog Brander to be honest
After the lawyers get theirs you might break even
So much cope. LolMatt Hughes if true!
In my eyes they are basically admitting to fault. Because if your not guilty then why settle?
Let's see what else comes of this. Cung Le is a badass.
Maybe TKO put pressure on the UFC to resolve this quickly. Sweep it under the rug like many have said. But still in my eyes makes them look guilty and we ain't gonna forget. Can be used against them.
I'm not saying they're innocent, but large companies frequently settle just because it's cheaper than trial, even if they were going to be vindicated in trial. It isn't really admitting anything other than one is cheaper than the other.Matt Hughes if true!
In my eyes they are basically admitting to fault. Because if your not guilty then why settle?
Let's see what else comes of this. Cung Le is a badass.
Maybe TKO put pressure on the UFC to resolve this quickly. Sweep it under the rug like many have said. But still in my eyes makes them look guilty and we ain't gonna forget. Can be used against them.