celebrated welterweight Georges St-Pierre is in the midst of a contract conflict with the UFC. He apparently was well on the road to renegotiating his contract when the UFC sale brought things to a unexpected halt.
The UFC’s new majority owners, WME-IMG, explained as “an American skill agency” that “represents artists across all media platforms, particularly movies, television, Camiseta Selección de fútbol de Alemania music, theatre, digital as well as publishing” obviously did not see eye to eye with the MMA legend or his perceived market value.
It is noteworthy that WME-IMG likewise represent, in their diverse portfolio, high profile mixed martial artists such as Ronda Rousey. GSP, on the other hand is represented by WME-IMG’s rival innovative artists Agency.
Is this company truth playing a function in GSP’s present stalemate? Is this a dispute of interest?
WME-IMG certainly must not believe so otherwise they would not have taken part in the UFC’s $4.2 Billion purchase.
MMA regulations, however, may suggest otherwise.
Let’s Take Nevada, the UFC’s essential jurisdiction, as an example. The specify prohibits promoters from serving as managers with NAC 467.104 reading as follows:
An unarmed combatant may not have a promoter or any type of of its members, stockholders, officials, matchmakers or assistant matchmakers:
1. Act directly or indirectly as his or her manager; or
2. Hold any type of monetary rate of interest in the unarmed combatant’s administration or profits from contests or exhibitions.
For the functions of combative sports the specify defines a “manager” broadly as well as includes those that do any type of of the complying with (with subsection (d) being the most noteworthy):
(a) Undertakes to represent the rate of interest of one more person, by contract, contract or other arrangement, in procuring, organizing or conducting a expert contest or exhibition in which such person is to take part as a contestant;
(b) Directs or controls the expert unarmed battle activities of an unarmed combatant;
(c) Receives or is entitled to get 10 percent or much more of the gross handbag or Camiseta Leeds United gross earnings of any type of expert unarmed combatant for services relating to involvement of the unarmed combatant in a expert contest or exhibition; Camiseta Real Madrid or
(d) Receives payment for service as an agent or representative of an unarmed combatant.
Taking these two together “stockholders” of the UFC’s parent business Zuffa appear to “receive payment for service as an agent or representative of an unarmed combatant“.
Perhaps this prohibition is developed to only avoid a dispute where a “manager” receives payment from an unarmed combatant’s fight associated earnings. If, on the other hand, subsection (d) avoids promoter stockholders from getting payment from an unarmed combatant’s outside the cage profits there appears to be a prospective dispute of interest.
Whether there is a appropriate legal dispute of rate of interest or not, the optics are definitely poor.
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