Connect with us

MMA

UFC releases statement after reaching new $375 million settlement in antitrust lawsuit

Published

on

UFC releases statement after reaching new $375 million settlement in antitrust lawsuit

The UFC has reached a new settlement in one of their antitrust lawsuits.

On Thursday, TKO Group Holdings—the UFC’s parent company—filed a disclosure with the Securities and Exchange Commission revealing that the organization had settled with the parties in the Cung Le-led lawsuit, agreeing to a $375 million payout.

See a portion of the disclosure below:

“On September 26, 2024, TKO reached an agreement with the plaintiffs to settle all claims asserted in the Le case for an aggregate amount of $375 million payable in installments over an agreed-upon period of time by the Company and its subsidiaries following the court’s denial of an earlier proposed settlement agreement. The terms of the Updated Settlement Agreement have been memorialized in a long form agreement, which will be submitted to the court for approval. The Company anticipates that the settlement amount will be deductible for tax purposes.”

A second antitrust lawsuit led by ex-UFC fighter Kajan Johnson was not mentioned in the disclosure.

Advertisement

In March, TKO announced that they had agreed to settle both lawsuits for $335 million. However, in July, the overseeing judge Richard Boulware denied the settlement, and moved for the case to go to trial beginning on Oct. 28.

Following the filing, the UFC released a statement about the settlement in the Le case, and provided an update on where things stand with the Johnson case — which covers athletes from 2017 to present.

“We have reached a revised agreement with Plaintiffs to settle the Le case with terms we believe address Judge Boulware’s concerns,” the statement read. “While we believe the original settlement was fair — a sentiment that was also shared by Plaintiffs — we feel it is in the best interests of all parties to bring this litigation to a close.

“As for the Johnson case, that process is in very early stages, and a motion to dismiss the complaint remains pending.”

Advertisement

The initial antitrust lawsuit, filed back in 2014 argued that UFC engaged “in a scheme to acquire and maintain monopsony power in the market for elite professional MMA fighter services,” citing exclusive contracts, coercion, and acquisitions that eliminated potential competitors, as the main elements to move forward with a suit.

Source link

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Football

Burton Albion: Sweden-based owners delivering more than flatpack football

Published

on

Burton Albion: Sweden-based owners delivering more than flatpack football


Players from across the football landscape – in England and overseas – were quickly corralled.

Among them: England Under-20 international Charlie Webster, signed for an undisclosed fee from Chelsea after spending last season on-loan in the Netherlands with Heerenveen, Costa Rica international Alejandro Bran, a loan signing from Major League Soccer side Minnesota United, and Terence Vancooten, a Guyana international whose move from Stevenage is understood to have made him one of Burton’s most expensive ever signings.

Burton’s spending has had rivals talking of their new financial flex,, external but Hareide says “speculation that new owners are throwing money at it” was to be expected – despite not wanting to divulge what the rebuild has cost.

Advertisement

“We are not splashing cash at all,” he added.

“I feel we have been smart. I don’t want to disclose any fees, but I can confirm that Terence was a signature signing for us because he is an establish League One player, who performed well last season and he has proven attributes that fit our model and style of player – a backbone we want to have at the club.”

For Hareide it’s a “brick-by-brick” project, about getting everyone “aboard the same boat and rowing in the same direction”.

And when jokingly asked about its similarities to flatpack furniture, he laughed as he said: “I’m Norwegian, we are envious of what the Swedes have done with Ikea”.

Advertisement

And in Tom Davidson, NFG have a Swedish founder who has gone on to become deputy chairman at Burton.

The consortium around him has been “handpicked”, Davidson explains, with Burton Albion the focus of what he calls “dynamic Nordic cooperation” whose aim is to try establish a “sustainable and stable” League One club whose way of working can help shape the game in the countries that each stakeholder represents.

“Can we make a difference from the Nordic scene in the number one football county in the world? The responsibilities, the challenges and the opportunities are massive with going into an English football club,” Davidson said.

“Club football today is so big, so there is space not only for the giants, but for other clubs with other values – smaller vibrant clubs with a big heart and who maybe have a smile on their face.”

Advertisement

At a club with an image shaped by the town it represents, whose stadium holds just under 7,000 spectators and shares a training ground with England’s national teams, Davidson is adamant they can carve out a place as “one of the coolest most progressive clubs”.

“This was the brewing capital of England, we are called the Brewers, we have a fat guy kicking a ball on the shield – we can do so much cool fans stuff at the stadium with this,” he added.

“Burton is a fantastic underdog club, from this little town that has had a miracle journey. We can maybe have a unique and positive space in football.”



Source link

Advertisement
Continue Reading

Football

Kevin Nisbet: Aberdeen striker replaces Lawrence Shankland in Scotland squad

Published

on

Kevin Nisbet: Aberdeen striker replaces Lawrence Shankland in Scotland squad


Aberdeen striker Kevin Nisbet has been called up to Steve Clarke’s Scotland squad for the upcoming Nations League fixtures against Croatia and Portugal.

The 27-year-old has not played for his country since a substitute appearance in a 2-0 win over Georgia in June 2023, but replaces Lawrence Shankland in the squad after helping Aberdeen to 13 consecutive wins at the start of this season.

Nisbet joined the Pittodrie club on loan from Millwall over the summer and has scored three goals in seven outings for Jimmy Thelin’s side.

Advertisement

He joins Aberdeen teammates Nicky Devlin and Jack MacKenzie in the squad, while Shankland’s withdrawal – after he missed training on Tuesday – adds to an ever-growing injury list.

Captain Andy Robertson was also not at Tuesday’s training session in Glasgow, along with Scott McTominay, Kenny McLean and John Souttar.

First-choice goalkeeper Angus Gunn (ribs) and left-back Greg Taylor (calf) had already been ruled out of the double header, with 10 others unavailable for selection, including influential vice-captain John McGinn.

Scotland visit Zagreb on Saturday before hosting Portugal three days later.

Advertisement

Portugal lead Group A1 on six points, with Croatia and Poland both on three and Scotland yet to get off the mark.



Source link

Continue Reading

MMA

OKTAGON MMA promoters claim 58,000-plus attendance record in Germany

Published

on

OKTAGON MMA promoters claim 58,000-plus attendance record in Germany

OKTAGON MMA is days away from putting on one of the highest-attended MMA events in history.

With more than 58,000 tickets sold for Saturday’s OKTAGON 62 at Deutsche Bank Park in Frankfurt, Germany, the budding European-based organization will draw what could be the biggest crowed ever for an all-time MMA fight.

The UFC’s announced attendance record sits at 57,127 for UFC 243, which took place at Marvel Stadium in Melbourne, Australia in October 2019 with a Robert Whittaker vs. Israel Adesanya middleweight title headliner.

The only higher attendance figured have come out of the now-defunct PRIDE organization in Japan. A hybrid PRIDE/K-1 kickboxing event in August 2002 claims to have more than 91,000 seats filled, while the all-MMA PRIDE Final Conflict 2003 show announced 67,451. There is no formal confirmation of these numbers, however.

Advertisement

OKATAGON MMA promoters Ondrej Novotny and Pavol Neruda claim their figure is entirely authentic, and fans from all over the world have purchased tickets to be on the scene.

“It’s definitely various spots, but most of them are definitely from Frankfurt and the whole of Germany,” Novotny told MMA Junkie on Tuesday. “A few thousand coming form Czech Republic and then people who like big events. Not just MMA, but big events, they are coming from all over the world. Around 46 with different kinds of people from business, show business or also fighters and fans.”

Novotny said there are approximately 600 tickets still remaining, and encouraged fans to snatch them up to be part of a historic show. The organization is going all-out to make it a spectacle for both those at the venue and watching from home.

“We have almost 500 different kinds of lights,” Novotny said. “Some crazy fires and fireworks inside the arena. Definitely there’s some special entrances but we don’t want to spoil them before. There will be some superstars from the German rap scene. We’ve got a halftime show with John Newman, who is a crazy DJ who was just in Tomorrowland. He has many hits. It’s going to be really crazy.”

Advertisement

The attempt for OKTAGON MMA to differentiate itself from a production perspective is fully intentional. They want to put on events that can’t be compared to others in the industry, and for a show of this magnitude, the ante was upped event further.

“We will have a special drone which is allowed to fly above the people and it will go into the live stream,” Neruda said. “We have a special 360 degree camera with a VR set. It will be a crazy experience. We also have cameras on the referees that are live. As far as I know we are the only one who is doing it live. You can see it from an action perspective. Plus open scoring. A lot of these elements that make to entertained for the whole night.

“We love it. All the members of OKTAGON team, if you have this passion about something it’s never enough. You are never satisfied. You achieve something, you want more and to make it better and entertain people more. We are always going to events that are musical or another type of entertainment around the world or sports event, we watch what’s going on and try to inspire and bring it to the world of MMA.”

OKTAGON 62, which can be ordered via online pay-per-view from the company website, will feature 11 bouts and three championship fights. There is a local flair to the headliner, with German athletes Christian Eckerlin and Christian Jungwirth fighting for a special “King of Germany” belt.

Advertisement

“The main event is the biggest thing to ever happen on German soil,” Neruda said. “It’s Christian Jungwirth vs. Christian Eckerlin. Two huge stars. Very similar styles of fighter. One is from Frankfurt, and another from Stuttgart. Both used to be pro football players who dreamed on one day playing in a big stadium, and now it turned out the event they will be in a stadium will not be as a football players, but as fighters. We call this title ‘The King of Germany.’ It’s a welterweight fight. It’s going to be crazy. We prepared a special belt.”

Be sure to visit the MMA Junkie Instagram page and YouTube channel to discuss this and more content with fans of mixed martial arts.

Source link

Advertisement
Continue Reading

MMA

UFC newcomer Artem Vakhitov vows to earn Alex Pereira trilogy

Published

on

UFC newcomer Artem Vakhitov vows to earn Alex Pereira trilogy

LAS VEGAS – It wouldn’t be the first time a champion kickboxer transitioned to MMA to chase a former foe holding a UFC title, and Artem Vakhitov isn’t hiding the fact he hopes to face Alex Pereira again.

Vakhitov (3-1 MMA, 0-0 UFC) earned a UFC contract by finishing Islem Masraf in the first round at Dana White’s Contender Series 75. Now that he’s in the same promotion with UFC light heavyweight champion Pereira (12-2 MMA, 9-1 UFC), the chase is on.

The pair battled twice in kickboxing, splitting decision results in 2021. Neither man denies the storyline in a potential trilogy, much like when Pereira entered the UFC and was fast-tracked to a third, and then fourth, meeting with then-middleweight champion Israel Adesanya.

Pereira, 37, who just retained his light heavyweight title by defeating Khalil Rountree in a Fight of the Night main event at UFC 307, flew in to watch Vakhitov, 33, compete at the UFC Apex.

Advertisement

“I had no idea he was going to be here, but as I was walking out, I saw that he was sitting in the audience, and to be honest, it kind of lit the fire a little bit, kind of motivated me even more.” Vakhitov said through an interpreter during a post-fight news conference.”

The motivation worked, as Vakhitov turned in a first-round TKO finish. Not just a motivator from the sideline, Pereira also ended up being the convincing voice urging UFC CEO Dana White to sign him after his performance.

The storyline for a potential meeting in the UFC writes itself. But unlike Adesanya, who couldn’t get over the Pereira hump until their fourth meeting, the series between Vakhitov and Pereira is tied, and there is no animosity between them.

“I respect him and he respects me,” Vakhitov said. “There’s nothing but respect through both of our teams. We had a great history in kickboxing, and when we left that chapter of our life, we left on really good terms. I’ve never had any ill will towards him.

Advertisement

“He also congratulated me on the fight. He said it was a great fight and I told him that we soon will see each other. It’s going to take some time. I have nothing but a sportsman-like interest in seeing him in the octagon. When it happens eventually, I think it’s going to be also done with respect, just like in kickboxing. I really do think that both of us are very much just good sportsmen. We’re respectful, we respect each other’s team, and just going to see each other as fighters.”

Even with the story outlined, Vakhitov said he won’t rush through the chapters. He is well aware of where both he and Pereira are at this point in their careers, and is ready to climb the ladder to eventually reach the top of the division.

Vakhitov is also aware of the pressure that comes with each appearance he makes moving forward, as many will expect him to fulfill the destiny of earning a trilogy with Pereira.

“I thought about eventually there was maybe a possibility that we would fight again,” Vakhitov said. “To be honest, we’re 1-1. That’s what the history books say, but obviously, I think it’s 2-0.

Advertisement

“… A loss today was not an option. We had to come here, we knew we were coming into the cage with the win in mind. I’m sure that going forward, whether it’s debut or other fights, it’s going to be on my shoulders; it’s going to be hanging over me even more because there’s that narrative.”

Be sure to visit the MMA Junkie Instagram page and YouTube channel to discuss this and more content with fans of mixed martial arts.

Source link

Advertisement
Continue Reading

Football

Valencia fans detained in Singapore over football protest

Published

on

Valencia fans detained in Singapore over football protest


Dani Cuesta/X A man outside a residential apartment complex holding a yellow banner that reads LIM GO HOMEDani Cuesta/X

Dani Cuesta posted photos from several locations in Singapore, including from outside what is thought to be Peter Lim’s home

A Spanish couple on their honeymoon in Singapore have been held in the country after protesting against the Singaporean owner of the football club they support.

Dani Cuesta posted photographs of himself outside the home of Peter Lim, the billionaire owner of Valencia CF, holding a banner criticising the business magnate.

Mr Cuesta and his partner Mireia Sáez were stopped while trying to leave Singapore airport on Friday and had their passports confiscated, Valencia Mayor María José Catalá told Spanish radio station Onda Cero.

Advertisement

The pair are assisting with ongoing investigations into the alleged offence of “taking part in a public assembly”, Singapore police told the BBC.

Singapore has some of the world’s strictest laws on public assembly, which includes assemblies even of one person.

The government says these laws are necessary to maintain order and safety.

In 2020, a Singaporean activist who had long campaigned for freedom of speech was arrested for posing with a placard of a smiley face.

Advertisement

Shortly after arriving in Singapore on Thursday, Mr Cuesta posted on X that he would “take some photos with my lovely flag”, which reads “Lim Go Home”.

Mr Lim is deeply unpopular with Valencia fans, who have seen their club’s fortunes decline significantly over the course of his ten year tenure.

Encouraged by users online, Mr Cuesta posted a series of photos of himself at various tourist spots in Singapore holding the yellow banner.

Another image shows him outside what is believed to be the luxury complex where Mr Lim lives in Singapore.

Advertisement

A video he posted shows Mr Cuesta placing a yellow sticker reading “Lim out” – a common sight in the city of Valencia – on the residence’s gate.

The images quickly went viral among Valencia fans and Mr Cuesta even gave a light-hearted interview to a Valencia football podcast on Thursday.

He explained that as soon as his wife suggested going to Singapore, he had a “lightbulb moment” and decided to bring a banner and some stickers, which he placed on lampposts around the city.

“I told her ‘this is something I have to do’… perhaps it will be for nothing but it sends the message that we don’t want these people in Valencia,” Mr Cuesta told Tribuna Deportiva.

Advertisement

“I’ve not been detained yet,” he joked. “My wife’s been reading up about the laws in Singapore – she’s looking forward to getting through immigration tomorrow.”

Getty Images Hundreds of people, several of whom are holding 'LIM GO HOME' signs, protest before a game in ValenciaGetty Images

Unhappy Valencia fans have been protesting against Mr Lim’s tenure for several years

Earlier that day, Mr Cuesta had joked on X that he did not want to “end up in a Singapore prison as that’s not the way I see my honeymoon going”.

The following day, as they attempted to board a flight to Bali, Singapore authorities stopped Mr Cuesta and Ms Sáez, according to Valencia’s mayor.

“[The Spanish embassy in Singapore] confirmed that two people had their passports taken away, due to an ongoing police investigation,” Ms Catalá told Spanish radio station Onda Cero.

Advertisement

“They have not been told what type of crime they are being investigated for. They can leave their hotel but not the country,” she added.

Valencia CF, meanwhile, said it was aware of the situation of two of the club’s supporters in Singapore.

“Valencia CF and La Liga are in contact with the Spanish embassy in Singapore, who have assured us that both are being advised and assisted in everything necessary with the objective of this being resolved as quickly as possible,” the club said in a statement.

Spain’s Ministry of Foreign Affairs told the BBC that its embassy in Singapore is “providing assistance to those affected and is in permanent contact with their families”.

Advertisement
Getty Images Two men, wearing sunglasses, look ahead behind a glass barrier at a football stadium.Getty Images

Peter Lim, left, is one of Singapore’s richest men and has owned Valencia CF since 2014

Who is Peter Lim?

One of Singapore’s richest men, Mr Lim purchased Valencia CF in 2014 and became the first foreign owner in the club’s history.

After an initial honeymoon period, he quickly became unpopular with fans as the team’s performances declined and the club ran up huge debts off the pitch.

Traditionally a team that would challenge for league and European titles, Valencia currently lie second-bottom in the league.

Advertisement

Mr Lim has particularly been criticised for his friendship with Portuguese “super agent” Jorge Mendes and his alleged influence on the club’s recruitment of players and coaches.

Another associate of Mr Lim is former Manchester United defender Gary Neville, with whom he co-owned English lower-league club Salford City until earlier this year.

Despite having no managerial experience, Mr Neville was appointed Valencia’s head coach in 2015 but was sacked four months later after a disastrous spell in charge.

Libertad VCF, a Valencia fan group, said in a statement it had “total support and solidarity” with the recently married couple and called for them to be “freed immediately”.

Advertisement

“Their freedom of movement has been violated, simply for peacefully exercising their right to expression,” the statement added.



Source link

Continue Reading

MMA

Ilia Topuria, Max Holloway get heated in pre-fight interview

Published

on

Ilia Topuria, Max Holloway get heated in pre-fight interview

UFC 308 is right around the corner, and the headliners Ilia Topuria and Max Holloway are itching to step into the cage to settle things for the featherweight title.

The undefeated champion Topuria (15-0 MMA, 7-0 UFC) is confident he will not only retain his gold, but also become the first to finish former champ Holloway (26-7 MMA, 22-7 UFC) by knockout.

The fight goes down in the main event of UFC 308 on Oct. 26 at Etihad Arena in Abu Dhabi. While there are still two weeks before they can get their hands on each other, that hasn’t stopped them from hurling verbal jabs at one another.

“You already know how it feels to bounce back,” Topuria said to Holloway in a pre-fight interview moderated by Brendan Fitzgerald. “You already have seven professional defeats. I have zero. So, you’re going to do it once again really well, I don’t have any doubts about that. You are a great example of that.”

Advertisement

The interview began with respectful yet sarcastic banter, but with each exchange, the sarcasm grew until full-on insults were spewed.

“I took a lot of people’s doughnuts, bro,” Holloway replied. “I hope you like churros because you’re about to get one come Oct. 26, buddy.”

Topuria dismissed Holloway, and claimed he will become the first person to knock out the former featherweight champion, whose only stoppage loss came by submission to Dustin Poirier at UFC 143 in 2012.

“The only thing I’m going to do is take your lights out and party with all my people, all my team. That’s what I’m going to do,” Topuria said. “And Still. This is what’s going to happen.

Advertisement

“… I don’t have any doubts that I will be the first one to knock you out. I don’t even want you to trust in that because if you’re starting to trust in what I’m saying, you’re not going to show up, and I need you to show up for the fight.”

Topuria explained his confidence comes from studying the division’s greats before him, including Alexander Volkanovski and Holloway. Topuria knocked out the former in his last fight at UFC 298, finishing the former champion in the second round.

Holloway enters this title opportunity coming off a Knockout of the Year contender at UFC 300, when he violently slept Justin Gaethje with one second left on the clock after pointing to the ground, inviting him to trade bombs until the final horn.

Topuria was not impressed with that fight, nor the finish. He even took it a step further, issuing a challenge to Holloway.

Advertisement

“Bro, I was so bored watching that fight,” Topuria said. “The only thing exciting about that fight was the last 10 seconds, to be honest. But I didn’t see any technique in that fight. I didn’t see any strategy. I didn’t see any f*cking thing. I just saw a bar fight, to be honest. It was very spectacular for the fans, but for me, as a professional, it was a – I don’t know. Not something very impressive.

“I challenge you to have that exchange in the first 10 seconds of the fight and you will see what’s going to happen. When you face a fighter like me inside the octagon, who brings that technique and that power, you can’t do that. I’m going to take your head off if you do that.”

Holloway laughed at the challenge and said Topuria wouldn’t do it because he gets tired quickly. The recurring response from “Blessed” was to express his excitement for fight night while repeating, “We’ll see,” and, “We’re going to find out,” in rebuttal to Topuria’s bold opinions.

Topuria claimed Holloway didn’t want to take the fight against him and would have rathered face Michael Chandler, which prompted a fiery reply.

Advertisement

“You were the first guy I asked for,” Holloway said. “I said I want Ilia Topuria. I want the easiest fight. I want Ilia Topuria. That’s what I said.”

Be sure to visit the MMA Junkie Instagram page and YouTube channel to discuss this and more content with fans of mixed martial arts.

Source link

Advertisement
Continue Reading

Trending

Copyright © 2024 WordupNews.com