UFC Antitrust Lawsuit: Damages Set (By Plaintiffs) at $1,600,000,000.00

Discussion in 'UFC Discussion' started by RTL, Feb 19, 2018.

  1. RTL

    RTL NostraMMAus™ Platinum Member

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    $1.6 Billion with a "B"
    What quickly caught my attention was the size of the damage estimates by the Plaintiffs' experts. Prof. Andrew Zimbalist came up with a sum of $981 million for the period December 16, 2014 through December 31, 2016, while Dr. Hal Singer came up with an estimate of $811 million at the low end and $1.6 billion at the high end during the period of December 16, 2010 to June 30, 2017, which would place 1,214 Fighters into the affected Bout Class. A third expert for the Plaintiffs, Guy Davis, didn't work on an estimate for damages but instead on how much more Zuffa could have compensated their fighters without impacting their financial obligations. His hypothetical concluded that they could have paid an additional $706 million from December 16, 2010 until the end of 2016 without additional borrowing or equity raises.​

    SOURCE: https://www.bloodyelbow.com/2018/2/...mages-ufc-class-action-suit-up-to-1-6-billion

    ---

    On a completely unrelated note, I have decided to start my journey as an Ultimate Fighter, and want to get into the UFC ASAP.

    Paid Zuffa zombies on Sherdog, please make the introduction (would prefer to fight as cheap as possible).
     
    Last edited: Feb 19, 2018
  2. RTL

    RTL NostraMMAus™ Platinum Member

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  3. executionermma

    executionermma Welcher Belt

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  4. RTL

    RTL NostraMMAus™ Platinum Member

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    Time to sell back to the Fertittas for $3.50!
     
    Pakman, Buff, CieloLuce and 14 others like this.
  5. Kingz

    Kingz Silver Belt

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  6. EndlessCritic

    EndlessCritic Gold Belt

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    What on earth is this clown referring to?

    UFC tries to sign as many top 15 fighters as possible. Those monsters.
     
  7. Credo

    Credo Single Malt Belt

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  8. Moral Victory

    Moral Victory Brown Belt

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  9. Not A Real Fan

    Not A Real Fan Purple Belt

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    Short attention span fools think the class action lawsuit was no longer a thing because it's not referenced in social media every hour.

    Imagine the impact in this new TV deal negotiation period and beyond if the UFC is hit a with billion dollar verdict.
     
  10. OrigFan255

    OrigFan255 Black Belt

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    We don't need an expert to figure out that the workers were underpaid.

    All you need to know is basic math.

    NO ONE would have paid $4.2 Billion for something that wasn't worth that....Without ALL the fighters that performed time and time again, Lorenzo and Frank would still be walking around the casino and Dana would still be a Bell Hop.
    THIS lawsuit is exactly what is wrong with capitalism. The people up top believe it is possible to work 300X harder than another human.

    Regular people have no problem with higher ups getting paid more money. It is when it gets into Dana,Frank and Lorenzo territory, does it become totally lopsided and unfair.

    Both sides need each other.
     
  11. JoeRoganade

    JoeRoganade Double Yellow Card Double Yellow Card Yellow Card Banned

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  12. Only Here for Attachments

    Only Here for Attachments I'm on the prowl... for sexy attachments!

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    Good, hopefully this puts WME out of business
     
  13. ticho123

    ticho123 Black Belt

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    Stupid question maybe but if you buy a company does that also mean you "buy" all their legal involvements? Perhaps depends on what the involvement is concerning?
     
  14. executionermma

    executionermma Welcher Belt

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    Some years ago UFC used to pay a higher % of the revenue to its fighters. Also, back then their competitors like PRIDE, SF were much better promotions than Bellator or ACB (or whatever promotion you rank like the 3rd biggest), the market is much more dominated by UFC right now.
     
  15. emema

    emema Green Belt

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    Bet Dana is blowing Donald Trump as we speak
     
  16. Soul On Ice

    Soul On Ice 26-1

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  17. Flokk

    Flokk Faux Belt

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    Usually the new owner would stand in the old owner's shoes. But it probably depends. I'd imagine there are a range of notice requirements and potential opt-out (etc) clauses triggered by the transfer of ownership, depending on the type of contractual obligation involved and the prevailing jurisdictional requirements. What to do with confidential customer lists, etc.

    This would all be vetted at the front end by a law firm doe. Transactional law is a mystery to me so just patchy guesswork here.
     
  18. cooks1

    cooks1 No matter where you go-there you are

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    Fascinating.

    This was what really stuck out to me:

    Sign fighters to an agreement that pays them by the bout, knowing that you won't be able to give them the bouts. Now they are stuck.

    It would seem this litigation might be behind some of the UFC's seemingly bizarre decisions to let top shelf talent slip away to Bellator and punch out absurd numbers of watered down cards.

    I wonder what language is in the WME/Zuffa purchase agreement regarding this kind of litigation should it be successful.
     
    Last edited: Feb 19, 2018
  19. gunlok

    gunlok Brown Belt

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    Dana - friend of Trump. Trump will give UFC a trillion dollar loan to recover. The debt will be paid by someone else in 2098. Isn't this how the "dollar economy" works?
     
  20. Verace

    Verace Red Belt

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    So, they are fucked?

    How likely are they to have to actually pay that?
     

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