The second biggest business story of the year shook the state of MMA. In March, Zuffa purchased its biggest rival, Strikeforce. It was reported that the purchase price was $40 million which included some debt repayment by Zuffa for Strikeforce. The deal occurred as Silicon Valley Sports and Entertainment, main financial backer of Strikeforce, wanted to […]
Zuffa
11 for 11: No. 3 Zuffa offers its fighters insurance
This year Zuffa offered its 400 fighters in the UFC and Strikeforce health insurance beginning this past June. Zuffa is paying the premiums for all of its fighters under contract. The accident-insurance coverage covers up to $50,000 (annually) of medical costs for each fighter. Its an unprecedented move to cover fighters and its a sign […]
11 for 11: No. 5 Culinary workers versus Zuffa
The Culinary Workers Union Local 226 became one of the biggest opponents of the UFC in 2011. It has helped opposed the legalization of professional MMA in New York state and has requested that the Federal Trade Commission investigate Zuffa for possible antitrust investigations. In late August, the union sent a letter to the FTC […]
Update on Zuffa vs. New York lawsuit
Defense counsel for New York has made its appearance and were granted extra time to file its answer to the Zuffa’s lawsuit. The court will allow attorneys for the New York Attorney General and the New York County District Attorney until January 11, 2012 to respond. As for the Zuffa’s Complaint, MMA Payout takes a […]
Leben suspended one year for failed drug test
Chris Leben has been suspended by the UFC for one year for use of painkillers. Instead of dismissing Leben, it appears the UFC will assist Leben in trying to rehabilitate the middleweight. According to the USA Today, Leben tested positive for Oxycodone and Oxymorphone on November 5th. Leben lost to Mark Munoz that day at […]