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Golden Glory Seeks New Avenue To The Reem's Revenue E-mail
National MMA News

By: King Eddie

the-reem-season-2Alistair Overeem recieved all of his fight purse, contrary to what former representatives, Golden Glory, were trying to accomplish. They say that there is still a contractual obligation for The Reem to pay out 30% of his earnings to them. But the group was unable to post their $200,000 assurance bond, and following Overeem's win over Brock Lesnar, and they were denied their 30% of his fight purse.

The group, Knock Out Investments, whcich is a fighter management firm associated with Golden Glory, inisists that it will now move forward in trying to absorb their share, instead, from his PPV bonus.

"This was a short-term possibility that KOI and Golden Glory were prepared for," stated Roderick J. Lindblom, who's representing the fighter's former management team, in a release issued Monday evening. "Seeking the initial writ was merely the first step in a long-term litigation strategy that KOI and Golden Glory will prosecute in Nevada.The writ of attachment remedy remains fully available to my clients and will be sought as to Mr. Overeem’s future pay-per-view payout, which we expect will be more lucrative than his initial fight purse."

Overeem earns a portion of all pay-per-view revenue, including $2 per PPV purchase "for all revenues received by UFC-Zuffa for telecast of the Lesnar fight in the U.S., Canada or over the Internet in excess of $500,000," according to an Overeem contract made public by the legal proceedings.

"Rest assured, now that we have had the opportunity to troubleshoot complex international hurdles – and without a long holiday weekend to contend with – future writs of attachment will be utilized to ensure that Mr. Overeem makes good on the commissions owed to my clients and his Golden Glory training team, who helped him achieve the success he now enjoys," Lindblom stated.



 
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