In a lawsuit that may change the structure of the UFC and the MMA business as a whole, fighters have sued Zuffa for alleged violations of section 2 of the Sherman Antitrust Act. The fighters intend to seek class action status as 5 law firms have joined together to represent the plaintiffs. The UFC recently retained […]
UFC
14 for 14: No. 4 Zuffa downgraded by Standard and Poor’s
This fall Standard & Poor’s downgraded Zuffa’s credit rating and then its business outlook over a month later. The downgrade in credit rating from “BB” to “BB–” was due to “greater EBITDA volatility.” S&P issues credit ratings for the debt of public and private companies and is one of several credit agencies that is designated […]
Zuffa retains Boies Schiller & Flexner
The UFC issued a statement in which it announced that it has retained the law firm of Boies, Schiller & Flexner to defend it against plaintiffs seeking class action status alleging Zuffa of violating antitrust laws. Per the UFC web site: We have built a popular business from modest beginnings by meeting the needs of […]
Jones reveals truth about losing Nike sponsorship
MMA Fighting reports that Jon Jones did not lose his Nike sponsorship due to his media day brawl with Daniel Cormier. But while under oath with the Nevada Athletic Commission in September, he told the commission that he lost it due the brawl. The public revelation of this came out during a media call on […]
14 for 14: No. 5 CM Punk signs with the UFC
It’s rare that a hyped-up announcement lives up to expectations. But, the signing of Phil Brooks (aka CM Punk) did when he came on during the UFC 181 PPV to announce his intent to fight in the UFC. Punk’s announcement left many UFC fans wondering about the direction of the UFC. Some like the signing […]