News How is anyone not talking about the UFC Antitrust lawsuit?

[linvillegorge]

That’s true to some extent but the plaintiffs aren’t running out of money here. The plaintiffs attorney’s got a big win. If they are “winning” they have incentive to go for more and more. But agree with your likely conclusion.

Yeah, that's what I'm saying. This is highly unlikely to result in meaningful changed to the UFC's model. It's just about whether or not the UFC is going to end up cutting a check and how big it'll end up being. Future contract language will be tweaked to avoid a future similar lawsuit. Until the fighters organize the UFC will continue to take in the big bucks while the fighters scratch and claw for crumbs with a few striking it rich. Dana White is right about at least one thing - professional fighting isn't an actual career for most participants.

 

[Satan's Daddy.]

idk what you people are happy about.
1200 fighters(some retired, and some on their way out) might get 5 billion form teh UFC meaning it will go bankrupt, then all the active new guys will seperate to a bunch of different orgs.

God bless Dana White for being the best thing to happen to mma.

More superfights to make up for the substancial hit of their finances, forces them for McGregor to be more active.. Him being champion isn't something they'd have lined up now, after that stunt he pulled when he was double champ, cause the less he's active the less amount of money they'll make.

 

[kflo]

According to an expert it is very unlikely that they will have to pay up

Below is quote from the article https://www.google.com/amp/s/sports...r-fighters-score-legal-victory-045712416.html

Will the UFC end up having to cut $5 billion in checks to its fighters? Probably not.

First of all, there are still plenty of obstacles for the lawsuit to even reach the trial phase. The UFC reportedly plans to appeal the granting of class action status to the lawsuit, and has also filed for a motion for summary judgement to throw out the case.

If both of those attempts to cut down the lawsuit fail, one expert told the Times the UFC will want to settle the case rather than take on a $5 billion risk with a trial. The expert said that antitrust settlements average at about 19 percent of single damages, working out to a very rough estimate of over $300 million. The UFC would also want to avoid the risk posed to its core business model, as a loss would fundamentally change how it signs fighters.

Litigating these cases are very expensive for the defendants. Both sides have incentive to settle. I don’t think it will be as high as $300m but you can still end up with meaningful money for the class (and of course the plaintiffs lawyers get a windfall) and strong incentive for both sides. The bigger question is whether they push for fundamental changes in practice in a settlement (I doubt).

 

[KillerIsBack V2]

More superfights to make up for the substancial hit of their finances, forces them for McGregor to be more active.. Him being champion isn't something they'd have lined up now, after that stunt he pulled when he was double champ, cause the less he's active the less amount of money they'll make.

what super fights.. if this law suit works out, we will have less of the best fighting the best.
it'll be worse than boxing.

 

[Captain Herb]

And Silva is gone. I don’t agree with some of the things he did and he put them at risk. And they likely learned from that.

And it’s not fear of losing money. The objective is shareholder returns and value accretion.

Fear and Greed. It drives the financial markets and also companies like UFC

 

[kflo]

Fear and Greed. It drives the financial markets and also companies like UFC

 

[Captain Herb]

And in the end, Mr. Gekko went to prison if I recall correctly.

In reality, whatever 500 company you work for, unless it's like Tesla--ostensibly driven by a higher objective or goal for the betterment of the planet and the people on it--is probably nothing more than a human rendition of a voracious but un-thinking species of plant or animal. Its one single purpose is to get as big as possible, to kill off the competition, to consume as much as possible and shit wherever it wants. Left unchecked, the most "successful" of these companies are destructive to the vast majority in favor of the few. That's why regulation is necessary. Without it, the US would be a shithole company town for most people. That's basically what the UFC is for most fighters right now. A shithole company town.

 

[rakeleaves]

I just work in management for a Fortune 500 company. My perspective is influenced by seeing what drives corporate decisions. Too many people here have literally zero perspective and aren’t interested in understanding. And are hostile about it.

Or maybe people are becoming increasingly opposed to autonomous corporate entities who look to maximize short term profit at the expense of everything else.

 

[2004 account]

@kflo isn't a paid poster, he just likes to pretend that he is. If the UFC were going to pay anyone on here it would be the mods and administrators who have actual power over the content.

Bingo

 

[kflo]

Or maybe people are becoming increasingly opposed to autonomous corporate entities who look to maximize short term profit at the expense of everything else.

You can be opposed to it. That in itself doesn’t do anything. The reality is the ufc is a business. Competing with other businesses. With financial goals.

It was the fertittas who had the chance to do things different before they cashed out. Instead they maxed out and sold to the highest bidder.

Just expecting a business to operate not for the interest of the owners is unrealistic. If you don’t, ownership will replace you and find someone who will. Now, can you make a business case to make changes that are jointly in the interest of the workers / talent and ownership? That’s a better starting place.

 

[kflo]

And in the end, Mr. Gekko went to prison if I recall correctly.

In reality, whatever 500 company you work for, unless it's like Tesla--ostensibly driven by a higher objective or goal for the betterment of the planet and the people on it--is probably nothing more than a human rendition of a voracious but un-thinking species of plant or animal. Its one single purpose is to get as big as possible, to kill off the competition, to consume as much as possible and shit wherever it wants. Left unchecked, the most "successful" of these companies are destructive to the vast majority in favor of the few. That's why regulation is necessary. Without it, the US would be a shithole company town for most people. That's basically what the UFC is for most fighters right now. A shithole company town.

And there are regulations in place. The lawsuit is a test whether they violated those regulations and to what extent if they did.

That said, your view of capitalism and it’s consequences isn’t exactly accurate. It’s in noones interest to aspire to create the shithole company town that everyone ultimately flees.

 

[Captain Herb]

And there are regulations in place. The lawsuit is a test whether they violated those regulations and to what extent if they did.

That said, your view of capitalism and it’s consequences isn’t exactly accurate. It’s in noones interest to aspire to create the shithole company town that everyone ultimately flees.

See, that's the rub. You can't escape the company town. You can't live with it and you can't live without it. Ask the Appalachian coal miners.

 

[kflo]

See, that's the rub. You can't escape the company town. You can't live with it and you can't live without it. Ask the Appalachian coal miners.

MM is living without it. Fedor lived his whole career without. Moose. Pitbul. Lima. Etc.

You can’t say they can’t live without it.

It’s far different than coal mining........not sure how the Appalachian miners have to do with unchecked capitalism.

 

[rakeleaves]

You can be opposed to it. That in itself doesn’t do anything. The reality is the ufc is a business. Competing with other businesses. With financial goals.

It was the fertittas who had the chance to do things different before they cashed out. Instead they maxed out and sold to the highest bidder.

Just expecting a business to operate not for the interest of the owners is unrealistic. If you don’t, ownership will replace you and find someone who will. Now, can you make a business case to make changes that are jointly in the interest of the workers / talent and ownership? That’s a better starting place.

Well, you said that most people's opinions about this was out of ignorance: "Too many people here have literally zero perspective and aren’t interested in understanding." I explained that they might understand it, but be opposed to it. Now you are moving the goalpost and strawmaning mine/other's statement, saying that I'm unrealistically expecting businesss to not operate in the interest of owners. I didn't argue that. That's why we need the anti trust lawsuit to progress and for the fighters to form a union; otherwise, their interests will always be subverted by ownership.

 

[kflo]

Well, you said that most people's opinions about this was out of ignorance: "Too many people here have literally zero perspective and aren’t interested in understanding." I explained that they might understand it, but be opposed to it. Now you are moving the goalpost and strawmaning mine/other's statement, saying that I'm unrealistically expecting businesss to not operate in the interest of owners. I didn't argue that. That's why we need the anti trust lawsuit to progress and for the fighters to form a union; otherwise, their interests will always be subverted by ownership.

Most people are ignorant and willfully choose to stay that way. I didn’t say you were.

But that said, being opposed to something that isn’t going to change (unless forced by law / regulation) does nothing and most never actually demonstrate any understanding of why. Just hostility at corporate incentives.

We’ll see what happens with the lawsuit but I don’t expect major changes or a significant (relatively speaking) loss for the ufc. But I recognize we don’t fully know yet.

And we’ll see about a union. I’m cautious about what they can realistically accomplish. None of the other major individual sports have a union that I’m aware of.

 

[bloodshot69]

And in the end, Mr. Gekko went to prison if I recall correctly.

In reality, whatever 500 company you work for, unless it's like Tesla--ostensibly driven by a higher objective or goal for the betterment of the planet and the people on it--is probably nothing more than a human rendition of a voracious but un-thinking species of plant or animal. Its one single purpose is to get as big as possible, to kill off the competition, to consume as much as possible and shit wherever it wants. Left unchecked, the most "successful" of these companies are destructive to the vast majority in favor of the few. That's why regulation is necessary. Without it, the US would be a shithole company town for most people. That's basically what the UFC is for most fighters right now. A shithole company town.

You're closer than you think, especially once a company goes public. The fiduciary responsibilities officers of a company have essentially makes that company operate as a semi-sociopathic entity since they are legally required to put profits and growth above just about anything else.

 

[kflo]

You're closer than you thing, especially once a company goes public. The fiduciary responsibilities officers of a company have essentially makes that company operate as a semi-sociopathic entity since they are legally required to put profits and growth above just about anything else.

They are not legally required to do that.

 

[wolfss]

Proper English holds power

Afta readin it agan it mede sens tu mi.

 

[Roljo]

I hope the ufc get what they deserve

 

[bloodshot69]

They are not legally required to do that.

Um, yes they are, in very clear verbiage also, "...executives and officers have a fiduciary duty to shareholders to maximize both profits and investor returns."