13 Dec 2014 13:36:33 PM
Ready for a bombshell? According to Bloody Elbow, current and former UFC fighters are about to file a class action lawsuit against the UFC, and are seeking “potentially hundreds of millions of dollars.”
Holy crap, you guys.
The story was confirmed by Bloody Elbow’s John Nash and Brent Brookhouse.
Here are the details, courtesy of Bloody Elbow:
We have been able to confirm that the suit will be based on accusations that the UFC has violated antitrust laws by abusing their “market power” to intentionally and systematically cripple the free market. Several of the individuals we spoke to compared it to the recent San Jose hi-tech employee and NCAA antitrust cases. The manager of one high profile fighter who wished to remain anonymous has informed Bloody Elbow that the plaintiffs will be seeking damages for potentially hundreds of millions of dollars due to reduced fight purses, video game rights fees, and other sources of income. The final amount could even be greater, with statutes awarding “treble damages” in antitrust cases…Read More DIGG THIS