It’s never a good thing when the Federal Trade Commission comes sniffing around your company. They are, after all, the government agency that ensures that businesses are on the up-and-up and not in violation of any trade laws. Well, despite a 2011 investigation of the UFC’s purchase of Strikeforce – and investigation that ultimately bore no fruit – it seems the FTC is back at it again.
As per MMAJunkie:
“They’ve been contacting a lot of people,” said one industry vet, who asked to remain anonymous because of the sensitivity of the issue. “I think we’re probably ripe for a little bit of government intervention.”
A second industry veteran, who also spoke on condition of anonymity due to the sensitivity of the matter, said an FTC investigator was in contact this week and relayed that the agency was again looking into Zuffa after becoming aware of an ongoing antitrust case against the promoter.
“Those lawsuits were what they were interested in,” the second industry veteran said. “They decided to reopen (the investigation) and look into it.”
Granted, the only exposure I’ve had to antitrust law was a legal research and writing professor in law school who was, by day, an attorney for the FTC, but from what I recall, the FTC is all about busting up monopolies and whatnot. Is the UFC in danger of being broken up into little pieces by the government? I have no idea, but here’s what the UFC’s top legal eagle said about it:
UFC Chief Legal Officer Kirk Hendrick said the plaintiffs’ complaints are “meritless.”
“Now that the plaintiffs’ meritless complaints have apparently made their way to the FTC, what are the plaintiffs going to do if the FTC does not agree with them? We don’t think the FTC will,” he told MMAjunkie in a prepared statement.
So there you go.