TKO Holdings Group, Inc., reached a settlement earlier this year with UFC athletes in a mass-action antitrust suit, bringing to an end a legal fight that had dragged on over a decade. TKO Holdings Group, Inc. will pay $335 million to UFC fighters and avoid a trial.
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“We are pleased to have reached an agreement to settle all claims asserted in both the [Cung] Le and [Kajan] Johnson class action lawsuits, bringing litigation to a close and benefiting all parties,” the UFC’s statement read. “The final terms of the settlement will be submitted to the court for approval.”
The agreement is expected to be completed within 60 days.
The $335 million settlement is not a huge win for UFC, but it’s a lot less than what the fighters originally wanted. The settlement has not been disclosed yet, nor is it known what impact it will have on the original complaint.
The majority of fighters are still underwhelmed.
Excited for my $4 check to show up https://t.co/MEbGWNqRGi
— David Michaud (@bulldawg_170) March 20, 2024
UFC has won a big victory. Not sure if the fighters had a goal in mind ….
