Definitely why they paid out. They weren’t worried about a specific dollar value. They were worried about the landscape of theirI 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.
At this point I think UFC fighters deserve to be ripped off by Dana
This settlement is a drop in the bucket.
Not to mention, the amount would have been tripled if it went to court and the judge fought the UFC guilty.They were initially looking for $894 million and $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.
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.
I hate to say this but the UFC had a far better legal argument than media sources were giving them credit for.
And by legal argument I mean the UFC did do a lot of immoral things but they did them by the law
The plaintiffs were always gonna have an uphill battle in trial
Not when combined with all the Vince scandal payouts and other settlements TKO has paid out. Ol' Vinny Mac's philandering will be a huge bath for these schmucks after all's said and done.
Tax deductible too lmao.
Not to mention, the amount would have been tripled if it went to court and the judge fought the UFC guilty.
They definitely got off easy here.
The threads and tears here would be phenomenal! Unparalleled butthurt.I don’t see how a real fan of mma would have wanted the UFC to go under.