Attorneys representing the class of fighters who are suing Zuffa, LLC (the UFC's parent company) on monopoly and monopsony grounds, filed a Notice of Resolution of the their Motion to Compel Top Rank, Inc. to produce financial documents in the case. Unfortunately, the Notice of Resolution is heavily redacted but it's clear that Top Rank will produce at least some financial documents in the case.
In the Motion to Compel, plaintiffs' attorneys had sought "full year, aggregated financial data which includes total revenues generated from the promotion of boxing events, and total compensation paid to boxers." The Motion quoted Arum as saying that Top Rank paid its boxers approximately 80% of proceeds generated from boxing events compared to the UFC which he stated "doesn't pay out 20% to the fighters . . . They are a monopoly - and we are not."
See Motion to Compel below:
See Notice of Resolution below:
This blog is authored by Kurt Emhoff, a sports and entertainment attorney and boxing manager based in NYC. Kurt has represented clients in boxing for over 20 years. Kurt's current and former clients include world champions and contenders Cory Spinks, Paulie Malignaggi, Peter "Kid Chocolate" Quillin, Luis Collazo, Sam Soliman, Kermit Cintron, Derrick Gainer, Travis Simms, Terronn Millett, Peter Manfredo and Dmitriy Salita.
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