UFC’s parent company, TKO Group Holdings, has settled a $335 million lawsuit with former fighters. The settlement comes after mediation regarding lawsuits filed between 2014 and 2021, where the fighters alleged their pay was suppressed by the UFC.
| Headline | Description |
|---|---|
| Settlement Reached | UFC’s parent company, TKO Group Holdings, has agreed to a $335 million settlement in response to two antitrust lawsuits filed by former fighters against the Las Vegas-based MMA organization. The settlement comes after a period of mediation regarding lawsuits that were filed between 2014 and 2021. The former fighters alleged that their pay was suppressed by the UFC. |
| Approval Pending | The final terms of the settlement will be submitted to the court for approval. The settlement amount will be paid out in installments over a predetermined time frame, which will be determined and submitted to the court for approval. TKO Group Holdings anticipates that the settlement money will be tax deductible, as stated in the filing. |
| Satisfaction Expressed | The UFC expressed their satisfaction with the agreement, stating, ‘We are pleased to have reached an agreement to settle all claims asserted in both the (Cung) Le and (Kajan) Johnson class-action lawsuits, bringing litigation to a close and benefiting all parties involved.’ The Mixed Martial Arts Fighters Association also expressed their satisfaction with the settlement, stating, ‘We are pleased with the settlement and will disclose more when we file with the Court in 45 to 60 days.’ |
UFC’s parent company, TKO Group Holdings, has agreed to a $335 million settlement in response to two antitrust lawsuits filed by former fighters against the Las Vegas-based MMA organization. The settlement comes after a period of mediation regarding lawsuits that were filed between 2014 and 2021. The former fighters alleged that their pay was suppressed by the UFC.
In a statement, the UFC expressed their satisfaction with the agreement, stating, ‘We are pleased to have reached an agreement to settle all claims asserted in both the (Cung) Le and (Kajan) Johnson class-action lawsuits, bringing litigation to a close and benefiting all parties involved.’ The final terms of the settlement will be submitted to the court for approval.
The UFC was acquired by Endeavor Group Holdings in 2016, and in 2023, the UFC merged with the WWE to form the sports and entertainment group TKO Holdings. The settlement amount will be paid out in installments over a predetermined time frame, which will be determined and submitted to the court for approval.
TKO Group Holdings anticipates that the settlement money will be tax deductible, as stated in the filing. The Mixed Martial Arts Fighters Association expressed their satisfaction with the settlement, stating, ‘We are pleased with the settlement and will disclose more when we file with the Court in 45 to 60 days.’
For more information, contact Mick Akers at [email protected] or call 702-387-2920. You can also follow @mickakers on X.
