31 Dec 2011 12:59:49 PM
Don’t Cash That Check Just Yet: Overeem’s UFC 141 Purse Garnished Pending Outcome of Golden Glory Lawsuit
Alistair Overeem should be sitting on a big pile of cash this morning, but moments after handing Brock Lesnar a crushing first round defeat, “The Demolition Man” learned that he won’t be seeing a dime of his $385,000-plus purse, at least not for awhile. A Nevada State Court has issued a freeze on Alistair’s UFC 141 earnings pending the outcome of a lawsuit filed by his former management team, Golden Glory (aka Knock Out Investments).
The lawsuit is the latest shot fired in the battle over fighter purses between Overeem, Golden Glory, and the UFC. Overeem was cut from Strikeforce after his representatives and Zuffa failed to see eye to eye on the post-fight payment process. Golden Glory wanted to be paid the full purse directly so that they could distribute the funds to their fighters in a timely fashion without the worry that they wouldn’t see their portion of the proceeds. According to the lawsuit filed yesterday, those concerns were not unfounded.Read More DIGG THIS