Wanderlei Silva is one of the most successful combatants ever. โThe Axe Murdererโ rose to prominence as an unstoppable force in the PRIDE ring. He went on the longest winning streak in the promotionโs history and made four title defenses. A recent HOF inductee, Silva is one of the greats. Sadly, lining up to the UFC antitrust case, the fighter has now disclosed serious health concerns after his combat sports career.
A second settlement was recently reached in the UFC antitrust case to the tune of 375 million dollars. Ex-UFC starsย Cung Le,ย Nathan Quarry,ย Jon Fitch,ย Brandon Vera,ย et al.ย acted as plaintiffsย (Case No. 2:15-cv-01045-RFB-BNW) starting the two-parter lawsuit ranging back a decade now. Prime declarations from Wanderlei Silva are now privy to public due to the alleged anti-competitive conduct violatingย Section 2 of the Sherman Act. It mostly reads:
Wanderlei Silva has had quite the running under the banner. The 48-year-old Brazilian, previously banned by Dana White, was inducted into the UFC Hall of Fame earlier this year. The legendary bruiser joined the UFC in 2007, past his prime. However, in his six years, he managed to defeat quality opponents like Michael Bisping and Brian Stann. His moments with rival Chael Sonnen still hold to this day.
Declaration of Wanderlei Silva pic.twitter.com/w7eJQdKNou
โ John S. Nash (@heynottheface) October 7, 2024
Declaration of Shane Carwin pic.twitter.com/9HwA79M4M8
โ John S. Nash (@heynottheface) October 8, 2024
some quotes from some of the fighter declarations. This is some sad reading. pic.twitter.com/zoAtZoiG27
โ John S. Nash (@heynottheface) October 7, 2024
Silva stopped fighting and officially retired in 2022. Facing knockouts from the likes of Mirko Cro Cop and Quinton Jackson, the fighter seriously needs the settlement. District Court Judgeย Richard Boulware previously struck down a combined $335m settlementย for the UFC antitrust case saying a $75m wasnโt a big hike. Hence, struggling UFC veterans are awaiting word for a better sum. Fan fave Silvaโs statement is very harrowing but hardly unique.
UFC Lawsuit update: Winners and losers of the alleged settlement
The TKO helm and the banner narrowly avoided paying for UFCโs multi-bout contracts and damages up to $1.6 billion in the trial. It rose in stock points, agreeing to higher the $375m antitrust case, telling the Securities and Exchange Commission. Now, there are more winners and losers to settling.
The combat sports malpractices have been a total axe to โAx Murdererโ Wanderlei Silva, Francis Ngannou, Nate Quarry, and all. But there have been positives and negatives to the case. John Nash has been covering the case flow as such. Mostly on his Substack and โHey Not The Faceโ Podcast; What Every Fighter Should Know about the Antitrust Settlementโ segments.
For one positive, a five-year maximum rehash period on contracts has helped bigger fighters. It helped allow then-UFC Ngannou to sit out his contract and opt for free agency. Since then, heโs secured big paydays as a professional boxer. These would not have been possible without these short but significant changes to the contract, even though it meant the micromanaging practices not going to trial.
Ex-UFC middleweight Quarry, a vocal part of the fighter cohort, wrote on Reddit that the settlement โseemed like the best optionโ available. But there was also a considerable risk if they went to court and lost, theyโd get nothing. It could be years before they saw any money. Only a few ever get to the loftier offsets and big pay. That would hardly be true for a herd.
MMA media and UFC competition lost out a bit too. The sale to Endeavor in 2016 and the documents circulated would give much more tidbits to poach on. That is โ if settlements were not on the table and it went to trial.