Top Rank Boxing is being sued by a formal ally as William Keane has sued the promotion and Todd duBoef for alleged Breach of Contract among other claims in a filing in federal court in California. Keane worked with Top Rank as a “fixer” of sorts as he was able to broker fights on behalf […]
legal
TKO reports Q4 2024 earnings
TKO reported its 4th quarter earnings for 2024 and beat analyst expectations yet again. Overall, the owners of the WWE and UFC reported total revenue for Q4 of $642.2 million and adjusted earnings before taxes, interest, depreciation and amortization of $238.1 million. But the UFC legal settlement in the Cung Le, et al. lawsuit caused […]
Judge Boulware approves Le-Zuffa settlement
On Thursday, Judge Richard Boulware approved the $375 million settlement in the Le-Zuffa antitrust lawsuit. Despite one filed objection by Carla Esparza, there was no argument from anyone else in Judge Boulware’s courtroom. The former UFC women’s champion filed an objection. She then amended the objection and removing the objection to the Nathan Quarry settlement. […]
McMahon settles with SEC
ESPN reports that the Securities and Exchange Commission has settled with former WWE CEO Vince McMahon over his failure to disclose two sexual misconduct settlement agreements worth $10.5 million. The settlement agreements were brokered by McMahon in order to have the issues remain outside the purview of the public so as not to reveal potential […]
The year in pro wrestling in 2024
Perhaps of the three “combat sports” that I write about, the world of pro wrestling gave us some of the most interesting legal and business stories in its industry. First, WWE secured a deal with streaming provider Netflix in a first of its kind deal which would take WWE’s main show, Monday Night Raw, off […]