(Photo Credit to media.ufc.tv)
According to BloodyElbow.com there is a massive class action lawsuit against the UFC by former and current fighters. It is confirmed by multiple sources that the lawsuit is not only in the works but is now imminent . The recently announced Reebok sponsorship has now been factored into the lawsuit now resulting in some strategic changes. No potential signatory names have been able to be confirmed to be a part of the lawsuit so far. The lawsuit will be based on accusations that the UFC has violated antitrust laws by abuse of “market power” to intentionally and systematically cripple the free market. The pending lawsuit which is being referred to as a “game changer” has the fighters represented by three to four large law firms which have been renowned for antitrust litigation, have won major class action antitrust cases against larger targets including banking, credit, technology and pharmaceutical industries. According to one well known former fighter “These are major plays these are not people (UFC) will not be able to out-spend.” According to reporters Bloody Elbow John Nash and Brent Brookhouse “The manager of one high profile fighter who wished to remain anonymous has informed Bloody Elbow that the plaintiffs will be seeking damages for potentially hundreds of millions of dollars due to reduced fight purses, video game rights fees, and other sources of income.” Today former UFC Fighter Sean Sherk publicly stated on twitter that he wants to join the lawsuit and linked the article to his facebook page quoting “They have stuck it to too many people too many times.” Stay tuned here as we will report on this lawsuit ,which has the potential to change the way UFC changes the way they do business, with any updates including response from the UFC as they become available.