FTC closes its investigation of Zuffa: 'No further action is warranted by the commission'
by Jesse Holland on Feb 1, 2012 10:01 AM EST
in UFC News
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Despite all the claims to the contrary, mostly by pro-boxing pundits and union workers with an ax to grind against Station Casinos, it appears as though Zuffa, the parent company of Ultimate Fighting Championship (UFC), is not a monopoly after all.
Perhaps that ESPN "Outside the Lines" video expose was all smoke and no fire?
The Federal Trade Commission (FTC) last Wednesday (Jan. 25, 2012) informed the law firm of Axinn, Veltrop, and Harkrider, retained by Zuffa to represent them during the inquiry, that it was closing its investigation into the world's largest fight promotion and that "no further action is warranted by the commission."
At least for now.
See an excerpt from that letter, after the jump.
The Federal Trade Commission’s Bureau of Competition has been conducting a nonpublic investigation to determine whether Zuffa, LLC’s acquisition of Explosion Entertainment, LLC may violate Section 7 of the Clayton Act or Section 5 of the Federal Trade Commission Act. Upon further review of this matter, it now appears that no further action is warranted by the Commission at this time. Accordingly, the investigation has been closed. This action is not to be construed as a determination that a violation may not have occurred, just as the pendency of an investigation should not be construed as a determination that a violation has occurred. The Commission reserves the right to take such further action as the public interest may require.
A full copy of the letter is available on the FTC website here.
The UFC has long been a target of monopoly theorists as it gobbled up smaller, rival promotions, like the Strikeforce mixed martial arts (MMA) organization, formerly based in San Jose, in early 2011.
Still, there are plenty of places for combat sports athletes to fight, such as Maximum Fighting Championship (MFC), DREAM, ONE FC, BAMMA and of course, Bellator.
Anyone think this issue will be put to rest? Or is this merely a temporary reprieve?
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no surprise there
the whole thing was erroneous to begin with.
You are banned from Bloody Elbow.
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"I didn't get banned...at least not yet". Well now you did. -Scott H
Sig bet record 2-5, next up Cruz Jackson Diaz vs Condit, have Diaz
hahaha that cracks me up man
Sig bets with umabig:
Condit beats Diaz on Feb. 4, 2 weeks
Akiyama beats Shields on Feb. 26, 2 week
by enzo-enormous on Feb 1, 2012 10:17 AM EST up reply actions
good stuff
You are banned from Bloody Elbow.
You can browse the blog, but you can't participate.
"I didn't get banned...at least not yet". Well now you did. -Scott H
Sig bet record 2-5, next up Cruz Jackson Diaz vs Condit, have Diaz
that's fine and dandy
Most fighters are still underpaid. I guess that’s just capitalism though. The worker bees doing all the gruntwork and actually bringing in the cash are always paid sparingly, so that the select few at the top can wipe their asses with $$$, while they are vacationing on their own private island in the tropics.
"eat shit." billions of flies cant be wrong
by salamagogo on Feb 1, 2012 10:34 AM EST via mobile reply actions
the guys making small amounts are not bringing in the cash
the top dogs, such as GSP, are the true draws. Its a tough situation for an upcoming MMA fighter, but if you don’t think that one day you’ll be at the top, then what the hell are you doing w/ ur life?
by Tommy Shenanigans on Feb 1, 2012 10:39 AM EST up reply actions
exactly. now i do think that the base pay should 10k to show and 10k to win, but thats another can of worms
+1
Nobody in the UFC should be making less than 10K to fight.
"My mentality is singular in that I want to be world champs each and every year, so that's what we work toward. I have a tough time acknowledging levels of success short of that. That's just how I'm wired." - Mike Tomlin
by MDSTEELERSFAN on Apr 2, 2012 3:07 PM EDT up reply actions
yeah those damn capitalists.
lets convert to socialism/communism as fast as possible. i mean the ussr, yugoslavia, north korea, china, laos, vietnam, those are all great countries that i would have loved to live in. i bet the fighters get paid WAY better in those countries….
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