Want to learn more about the MMA fight business? Plaintiffs and the UFC helped with that last Friday.
In a court filing on the potential sealing of certain exhibits at upcoming evidentiary hearings in August, the UFC attached less redacted versions of hundreds of pages of expert witness reports. I’ll be combing through the details of those reports over the next few weeks in preparation for the upcoming hearings, but in the meantime it appears pre-2014 UFC financial information is now being disclosed.
Singer argues that but-for the UFC’s alleged conduct the share of event revenues going to fighters should have ranged from 42.9-77.1% over the same three years, depending the model employed. He estimates damages to range from $894 million up to almost $1.6 billion.motion to have Singer’s testimony excluded, arguing it “would be the first known case where a wage share is used to measure an alleged anticompetitive effect, antitrust injury or damages.
A key sentence was, “The impact regression shows that [UFC’s] increasing Foreclosure Share caused a decline in its Wage Share, enabling it to pay its fighters 20% or less of its event revenues, whereas without the Scheme it would have paid them about 50% or more. It also shows that [UFC’s] Scheme suppressed the compensation of more than 99% of its fighters.
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