Golden Glory obtains second court order to garnish Alistair Overeem's UFC 141 pay
by Steven Marrocco on Feb 11, 2012 at 10:40 am ET
Golden Glory hasn't given up the fight for Alistair Overeem's money.
Knockout Investments, the MMA team's corporate parent, has obtained another court order to hold in escrow a portion of Overeem's pay for UFC 141.
This order asks $427,714.27 to be withheld by UFC parent company Zuffa LLC and deposited by check to a Nevada District Court. The amount is nearly double that of a previous order obtained the day of UFC 141, which was not executed when a surety bond was not deposited to the court.
MMAjunkie.com (www.mmajunkie.com) on Friday obtained a copy of the second order, which was executed on Jan. 24 and signed by a Nevada district judge. Roderick Lindblom, who represents Knockout Investments, declined to comment on the order but confirmed that a surety bond for $427,714.27 has been deposited and the order served to Zuffa LLC.
Overeem's representative, Colin Lam, could not be reached for comment.
The judgement applies to 30 percent of Overeem's purse, win bonus, pay-per-view proceeds, and "guaranteed payment for ancillary and intellectual property rights as set forth in the UFC Contracts and Zuffa's Promotional and Ancillary Rights Agreement of September 2011." It notes that the pay-per-view and ancillary and intellectual property payments are due within 30 days of UFC 141.
As with the first order, the judgement cites an affidavit from by Golden Glory head Bas Boon that states Overeem hasn't paid the team according to the terms of a contract signed in 2007 and that he's leaving Nevada before settling his bill.
Overeem defeated former champ Brock Lesnar by first-round TKO at the pay-per-view event, which took place Dec. 30 at MGM Grand Garden Arena in Las Vegas. His total disclosed pay for the fight totaled $385,714.28.
The heavyweight contender and his former team have been tangled in litigation for several months. This past November, Overeem sued Knockout Investments in Los Angeles Superior Court and claimed the team had breached its management agreement and tied him to a bad deal that required him to pay 35 percent of his pre-tax income. A month later, Knockout Investments countersued, alleging Overeem did not pay a 30 percent commission owed to Golden Glory following his win over Fabricio Werdum at "Strikeforce: Overeem vs. Werdum." Overeem claimed the team owed him $151,000 in back pay and asked a judge to determine whether his contract is enforceable.
Documents revealed in Golden Glory's suit confirm that Overeem is entitled to $2 of every pay-per-view "buy" UFC 141 draws in excess of 500,000 units in the U.S., Canada and online, according to a report on ESPN. Additionally, he is entitled to one-third of a 1-million-dollar signing bonus he received when he inked a contract with the promotion this past September.
Overeem is expected to meet Junior Dos Santos at UFC 146 on May 26 at MGM Grand Garden Arena in Las Vegas, UFC executive Lorenzo Fertitta recently announced.
For more on UFC 141, stay tuned to the UFC Events section of MMAjunkie.com.
Bron: Mmajunkie
http://mmajunkie.com/news/27377/gold...fc-141-pay.mma
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