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The real problem is that most of the UFC profits are going to pay off the debt/interest from the massive purchase of the company. So the fighters don't see their fair share.
The fighters should absolutely get together and unionize, demanding that a guaranteed % of the profits go to the fighters. This would of course bankrupt the UFC due to their massive debt payments, but so be it. Either another company would buy the UFC cheap, or another organization would rise to take its place.
Sadly unionizing is easier said than done. You basically need all the big MMA fighters to sign on, and you need to be willing to strike. That means people living on fight-to-fight paychecks won't be able to pay their rent, which is gonna be a problem for a lot of people. So you need a "war chest" of funds to help people survive. It can be a mess for contract fighters like in the UFC.
You actually think bankrupting the UFC and having it go under would be best for the fighters? Bizarre.