Go Back   Matt-Hughes.com Official Forums > MMA Related > UFC

Reply
 
Thread Tools Display Modes
  #1  
Old 02-02-2012, 02:26 PM
VCURamFan's Avatar
VCURamFan VCURamFan is online now
Allons-y
 
Join Date: Jan 2009
Location: Basketball Capital of the World
Posts: 14,292
Send a message via AIM to VCURamFan
Default FTC Closes Investigation Into Zuffa Business Practices With No Action Taken

From MMAFighting.com:

Quote:
Jan 31, 2012 - A Federal Trade Commission investigation into the business practices of UFC parent company Zuffa, LLC has been closed with no action taken by the commission, according to correspondence sent from FTC secretary Donald S. Clark to attorney Stephen Axinn, whose Washington DC firm Axinn Veltrop, and Harkrider LLP, had been retained to represent Zuffa in the investigation.

The letter was posted on the FTC's website.

In it, Clark writes that while no action is warranted at this time, the closure "is not to be construed as a determination that a violation may not have occurred" and notes that the commission reserves the right to take future action.

The investigation was initially launched last spring, shortly after Zuffa, through its subsidiary Forza, LLC, purchased Strikeforce through its parent company, Explosion Entertainment, LLC. The FTC had been determining whether the acquisition along with other business practices violated section 7 of the Clayton Act or Section 5 of the Federal Commission Act, according to the correspondence. The former deals with the creation of monopolies and the latter deals with unfair or deceptive acts or practices.From the beginning, Zuffa officials denied that their dominance of the sport constituted a monopoly.

Last March, just days after completing the Strikeforce purchase, company CEO Lorenzo Fertitta dismissed talk of antitrust issues, saying, "There's plenty of competition and there's literally no barrier to entry. Anybody who wants to get in the business, they can go file for a promoter's license, put up some capital, go sign some fighters and go get a television contract. There's plenty of options there, too. It's a wide open market for anybody who wants to get involved."

Complaints about Zuffa business tactics combined with the non-public yet widely known nature of the investigation brought intrigue to the situation, even as company officials declined direct comment through most of its duration. Ironically, Zuffa's case might have been bolstered by one of its last remaining rivals. In October 2011, Bellator was purchase by media powerhouse Viacom, which promised a heavy investment in the four-year-old promotion.

Representatives from Zuffa could not be reached for comment late on Tuesday night.
This pic of the letter is from MiddleEasy.com:

__________________

Last edited by VCURamFan; 02-02-2012 at 02:27 PM. Reason: More info
Reply With Quote
  #2  
Old 02-03-2012, 01:24 PM
F34R F34R is offline
Senior Member
 
Join Date: Jan 2009
Posts: 1,099
Default

throw enough "donations" their way, and it makes it all better lol.
__________________
Reply With Quote
  #3  
Old 02-03-2012, 01:46 PM
VCURamFan's Avatar
VCURamFan VCURamFan is online now
Allons-y
 
Join Date: Jan 2009
Location: Basketball Capital of the World
Posts: 14,292
Send a message via AIM to VCURamFan
Default

Quote:
Originally Posted by F34R View Post
throw enough "donations" their way, and it makes it all better lol.
Yup, the UFC bribed the federal government. You hit the nail on the head.
__________________
Reply With Quote
  #4  
Old 02-03-2012, 02:39 PM
F34R F34R is offline
Senior Member
 
Join Date: Jan 2009
Posts: 1,099
Default

You're either being extremely sarcastic, which would include a severe degree of naivety; or you agree with me.
__________________
Reply With Quote
  #5  
Old 02-03-2012, 04:13 PM
flo's Avatar
flo flo is offline
Senior Member
 
Join Date: Feb 2009
Location: The Great Pacific Northwest
Posts: 7,672
Default

My 2 cents - the FTC simply found there were no trade violations.

Bellator is, after all, a competitor.
__________________
http://www.matt-hughes.com/forums/image.php?type=sigpic&userid=339&dateline=13068036  43

Rejoice ever more. 1 Thessalonians 5:16
Reply With Quote
  #6  
Old 02-03-2012, 04:35 PM
VCURamFan's Avatar
VCURamFan VCURamFan is online now
Allons-y
 
Join Date: Jan 2009
Location: Basketball Capital of the World
Posts: 14,292
Send a message via AIM to VCURamFan
Default

Quote:
Originally Posted by F34R View Post
You're either being extremely sarcastic, which would include a severe degree of naivety; or you agree with me.
So are you basing this on any proof or are you just another UFC hater who's going to assume that everything they do is corrupt?
__________________
Reply With Quote
  #7  
Old 02-03-2012, 08:39 PM
flo's Avatar
flo flo is offline
Senior Member
 
Join Date: Feb 2009
Location: The Great Pacific Northwest
Posts: 7,672
Default

The UFC wants to continue legitimizing and promoting the sport of MMA and I doubt Dana or the Fertittas (or anyone connected with Zuffa who wants to retain that connection) would even consider compromising that goal by possibly incurring federal bribery or corruption charges.
__________________
http://www.matt-hughes.com/forums/image.php?type=sigpic&userid=339&dateline=13068036  43

Rejoice ever more. 1 Thessalonians 5:16
Reply With Quote
  #8  
Old 02-03-2012, 08:40 PM
VCURamFan's Avatar
VCURamFan VCURamFan is online now
Allons-y
 
Join Date: Jan 2009
Location: Basketball Capital of the World
Posts: 14,292
Send a message via AIM to VCURamFan
Default

Quote:
Originally Posted by flo View Post
The UFC wants to continue legitimizing and promoting the sport of MMA and I doubt Dana or the Fertittas (or anyone connected with Zuffa who wants to retain that connection) would even consider compromising that goal by possibly incurring federal bribery or corruption charges.
Smart, talented and pretty: she's a triple threat!
__________________
Reply With Quote
  #9  
Old 02-03-2012, 08:47 PM
flo's Avatar
flo flo is offline
Senior Member
 
Join Date: Feb 2009
Location: The Great Pacific Northwest
Posts: 7,672
Default

Quote:
Originally Posted by VCURamFan View Post
Smart, talented and pretty: she's a triple threat!


(The check's in the mail, Ben :-)


F34R, I'm not picking on you, bro, I'd just be flabbergasted if Zuffa tried to bribe the FTC.
__________________
http://www.matt-hughes.com/forums/image.php?type=sigpic&userid=339&dateline=13068036  43

Rejoice ever more. 1 Thessalonians 5:16
Reply With Quote
  #10  
Old 02-04-2012, 12:03 AM
F34R F34R is offline
Senior Member
 
Join Date: Jan 2009
Posts: 1,099
Default

Quote:
Originally Posted by VCURamFan View Post
So are you basing this on any proof or are you just another UFC hater who's going to assume that everything they do is corrupt?
I'm not a UFC hater lol. I do hate lobbyists though, and that's what this boils down to. Yes, it's an assumption.
Quote:
Originally Posted by flo View Post
The UFC wants to continue legitimizing and promoting the sport of MMA and I doubt Dana or the Fertittas (or anyone connected with Zuffa who wants to retain that connection) would even consider compromising that goal by possibly incurring federal bribery or corruption charges.
Again, lobbyists and contributions are legal... which is basically what our country has become now. It's how they get their promotions legalized, etc. Campaign contributions are the main source of this. That is a fact though, and definitely not an assumption. There were some reports a few years ago, maybe not even that long, about the UFC peeps getting all up in arms about a failed legalization in a certain state after they had given X amount of money for campaign contributions.
Quote:
Originally Posted by flo View Post


(The check's in the mail, Ben :-)


F34R, I'm not picking on you, bro, I'd just be flabbergasted if Zuffa tried to bribe the FTC.
No, it's all good Flo. I don't take it personally. I mean, if you get technical about it you could probably say that most of our Government and governing bodies are basically bribed, legally through the lobbying.
__________________
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 05:57 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.