UFC parent company TKO Group Holdings has reached a $335 million settlement in two antitrust lawsuits brought by former fighters. The settlement will be paid out over time and is subject to court approval. Read more about the settlement and its implications.
| UFC Settles Antitrust Lawsuits |
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| UFC parent company TKO Group Holdings has reached a $335 million settlement in two antitrust lawsuits brought by former fighters. The settlement will be paid out over time and is subject to court approval. |
The lawsuits, led by Cung Le in 2014 and Kajan Johnson in 2021, alleged that the UFC acted as a monopoly, limiting the fighters’ ability to maximize earnings. They claimed that the UFC engaged in an illegal scheme to eliminate competition from rival MMA promoters. The terms of the settlement will be submitted to a court for approval.
The Mixed Martial Arts Fighters Association expressed their satisfaction with the settlement and stated that more details will be disclosed in the court filing within 45-60 days. The UFC spokesperson also released a statement, expressing their pleasure with the agreement and stating that the final terms will be submitted to the court for approval.
UFC Settles Antitrust Lawsuits
TKO Group Holdings, the parent company of the UFC, has reached a $335 million settlement in two antitrust lawsuits brought by former fighters. The agreement, disclosed to the U.S. Securities and Exchange Commission, was reached on March 13. Instead of a lump sum payment, the settlement will be paid out over time and will be tax deductible.
The lawsuits were led by Cung Le in 2014 and Kajan Johnson in 2021, with several other fighters also mentioned. The fighters alleged that the UFC acted as a monopoly, limiting their ability to maximize earnings.
According to one of the lawsuits, the UFC engaged in an illegal scheme to eliminate competition from rival MMA promoters. The settlement terms will be submitted to a court for approval.
The Mixed Martial Arts Fighters Association, led by one of the attorneys, expressed their satisfaction with the settlement and stated that more details will be disclosed in the court filing within 45-60 days. A spokesperson for the UFC also released a statement, expressing their pleasure with the agreement and stating that the final terms will be submitted to the court for approval.
