TKO Group Holdings, the parent company of UFC, has reached a proposed $335 million settlement to end a pair of long-running antitrust lawsuits, a development that has elicited mixed reactions from the MMA community.
Well, folks, the biggest potential MMA story of 2024 is done and dusted. Yeah, you heard it right. It’s already over.
So, what happened? On Wednesday, we got wind of some news. TKO Group Holdings — the big boss of UFC — reached a proposed settlement. And it’s not small change, we’re talking a whopping $335 million.
This settlement is gonna put an end to a pair of long-running antitrust lawsuits. Yeah, those ones. The first case was filed way back in 2014. Now, it seems they won’t be going to trial. That’s if Judge Richard Boulware gives the green light to the agreement terms.
This is a big deal, folks. A real game-changer. It could’ve totally flipped the MMA landscape on its head.
So, what’s the deal with the settlement? Well, we’re still in the dark about the full terms. But Wednesday’s news got the MMA community buzzing. Some fighters are calling it a win for the UFC. The legal team for the plaintiffs? They seem pretty chuffed with the outcome.
Let’s take a look at some reactions. We’ll keep you updated throughout the day. So, stay tuned.
Brian BOOM Kelleher (@brianboom135) tweeted, “Do I get some ? I don’t want a regular job when I retire.” (https://twitter.com/brianboom135/status/1770489399811199183?ref_src=twsrc%5Etfw)
Gray Maynard (@GrayMaynard) chimed in, “I don’t really know the details of it. But does seem low. Again, I would’ve liked to have seen it go to trial with all the information that would’ve been exposed.” (https://twitter.com/GrayMaynard/status/1770534081278746900?ref_src=twsrc%5Etfw)
And Brendan Schaub (@BrendanSchaub) added, “Huge victory for UFC. Not sure what the overall goal was for the fighters. Least it’s something but appears nothing will change moving forward.” (https://twitter.com/BrendanSchaub/status/1770505216712163579?ref_src=twsrc%5Etfw)
That’s all for now, folks. Keep your eyes peeled for updates.