The class certification is a big deal, and could force the UFC to settle.
#BATTLE GROUP 2 TRADING CARDS PLUS#
This case could lead to up to $5 billion of damages, plus structural changes in the industry to foster competition and let fighters join rival leagues for more money. Yesterday, judge Richard Boulware made a key ruling that fighters can band together in a class and sue. In 2015, lawyers filed a class action antitrust suit against the UFC. As a result, wages of fighters are much lower than in similar sports, working conditions are poor, and some combatants have been prohibited them from speaking out about safety problems. And it’s about the monopoly mentioned above, the Ultimate Fighting Championship, achieved when the UFC bought all of its rivals and then forced fighters to to sign long-term contracts.
Today, I’ll be interviewing Federal Trade Commission Chair Lina Khan and Assistant Attorney General for Antitrust Jonathan Kanter at 2pm ET about the new merger guidelines. Indeed, while there’s a lot of anger in politics over the culture wars, we very rarely hear about the true threat to American culture, which are the financiers attempting to monopolize every nook and cranny of it.īut before I get to Otto’s article on Fanatics, I want to offer an announcement, and some good news. But I like this story because it’s a monopoly, or aspiring monopoly, over culture, like the dominant firms that organize cheerleading ( Varsity Brands ), music events ( Ticketmaster ), mixed martial arts ( Ultimate Fighting Championships ), or recently, college football, which is in a radical upending of its traditional conference structure due to Fox and Disney/ESPN. Naval Officer, and a sports card collector, as well as an incoming Associate Attorney at Burr & Forman LLP.įanatics is not the most important monopoly. Otto is a third year law student at the University of Florida Levin College of Law, a veteran U.S. Today’s issue is about a company called Fanatics, which has quietly, or not so quietly depending on your perspective, attempted to monopolize the business of baseball, football, and basketball cards collected by children and hobbyists.
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Welcome to BIG, a newsletter on the politics of monopoly power.
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