Zuffa is lobbying to get bill 808 passed in the state of Florida – lobbying which includes a hefty contribution to the Republican Governor’s Association, who then wrote a 2.5 million-dollar check to the current Florida governor’s campaign.
What, exactly, is bill 808? And how will it benefit Zuffa – and the UFC – if it does pass?
Bloodyelbow.com looked into the matter, and found some pretty interesting information. But first, we should start with some of the language used in the bill (as excerpted by Bloodyelbow):
47 Section 2. The Legislature finds that it is a public
48 necessity that proprietary confidential business information be
49 protected from disclosure. The disclosure of proprietary
50 confidential business information could injure a promoter in the
51 marketplace by giving the promoter’s competitors insights into
52 its financial status and business plan, thereby putting the
53 promoter at a competitive disadvantage. The Legislature also
54 finds that the harm to a promoter in disclosing proprietary
55 confidential business information significantly outweighs any
56 public benefit derived from disclosure of the information. For
57 these reasons, the Legislature declares that any proprietary
58 confidential business information provided in the written report
Basically, if this bill were to pass, Zuffa would no longer need to disclose a myriad of information in the state of Florida, such as the number of ticket sales for a match, pay-per-view sales, and so on.
Why does this matter? Well, right now there is something called the “Muhammed Ali Boxing Reform Act“, which mandates that promoters “advise the boxer of the revenues gained by the promoter from the event“. The reasoning behind this is simple, and extremely important:
The disclosure of the total revenue a promoter has amassed for a particular bout is an important provision because it removes a significant portion of the promoter’s power during future negotiations by allowing the boxer to know exactly how much a bout is worth to the promoter, thus enabling a boxer to negotiate larger purses for himself.
This new bill seems to fly in the face of that reform act… and what Bloodyelbow suggests is that perhaps this bill 808 is a way of exempting MMA from this boxing mandate.
Interesting to say the least.
Do you feel that the amount of information disclosed is a bit “too much”, and needs to be reeled in for the sake of the business? Or do you feel that Zuffa is attempting to circumvent some of their fighters’ ability to bargain for higher paydays? Let’s hear it, people.Bill 808, florida, Lobbying, ufc, zuffa