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2024-10-23 20:10:38
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guardian.co.uk on Nostr: Summary of Explained: why the UFC is set to pay $260m to fighters after a decade-long ...

Summary of Explained: why the UFC is set to pay $260m to fighters after a decade-long lawsuit



The source article:
Explained: why the UFC is set to pay $260m to fighters after a decade-long lawsuit


A judge has granted preliminary approval for a settlement between the MMA promotion and fighters who claim they were underpaid. Here’s what happenedNearly a decade after filing a federal antitrust lawsuit against the Ultimate Fighting Championship, almost 2,000 former and current professional mixed martial artists should begin receiving payments from a pool of $260m starting next June.Federal judge Richard F Boulware granted preliminary approval of a negotiated settlement between the two parties on Tuesday. Once final, the $375m agreement would end the proceedings in Le, et al v Zuffa LLC, one of two classes Boulware certified last year that cover UFC fighters from the end of 2010 through the present day. The other, Johnson, et al v Zuffa LLC, represents the interests of fighters beginning in July 2017, and is ongoing. Continue reading...

https://www.theguardian.com/sport/2024/oct/23/ufc-fighters-settlement-mma-dana-white

The article discusses the settlement between the Ultimate Fighting Championship (UFC) and nearly 2,000 former and current professional mixed martial artists who filed a federal antitrust lawsuit against the UFC in 2014. The settlement, worth $375m, will end the proceedings and provide payments to the fighters starting next June. The article explains the background of the lawsuit, the UFC's business practices, and the significance of the settlement.
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