Alistair Overeem's purse was not withheld after UFC 141

by Steven Marrocc | source: The Underground
 

Alistair Overeem and his former management, Knock Out Investments, better known as Golden Glory (GG), have each filed suit against the other.

In November, the Demolition Man sued GG for neglecting to pay him more than $150,000 in earnings, including a large bonus for signing with the UFC.

Tnen, only hours before Overeem's sucessful UFC debut against Brock Lesnar, reports surfaced that GG had successfully petitioned the court to withhold Overeem’s purse, his win bonus, his performance bonus, and his pay-per-view proceeds. PPV cut was reported to be $2 per buy. The Nevada State Athletic Commission (NSAC) was ordered by a judge to hold around $240,000 of Overeem's pay in escrow.

It was only at the post fight press conference that Overeem learned that his pay was being withheld. “I didn’t know about that,” Overeem said. The former Strikeforce heavyweight champion declined to comment further.

However, the court also stipulated that a $200,000 bond required to execute the withholding order, and that requirement was not met. Thus, as NSAC executive director Keith Kizer related to  MMAjunkie.com, no portion of the heavyweight's purse was in fact withheld.

So Overeem didn't know about it, but it never happened anyway.

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Recent Comments »

BobD site profile image  

1/2/12 10:50 PM by BobD

Turns out nothing was withheld.  The court order stipulated that Golden Glory had to post a $200k bond to make the order effective.. they didn't, so AO was paid in full..  They may be even more incompetent than he claimed. espn.go.com/mma/story/_/id/7416563/nevada-regulators-alistair-overeem-paid-full-brock-lesnar-fight

BLPorritt site profile image  

1/2/12 10:15 PM by BLPorritt

Yes it is. But he deserves it

Authority Figure site profile image  

1/2/12 9:39 PM by Authority Figure

Jesus Christ, he gets "$2 pay-per-view bonus per purchase" ???? Cotdamn, that's a lot of money.

Lanfear site profile image  

1/2/12 5:05 PM by Lanfear

At least they only withheld his money to show. If he woulda lost that woulda sucked but he still walked away with 120k+ win money and w/e other cut he got off record or threw sponsorships.

Kevin bacon site profile image  

1/2/12 4:05 PM by Kevin bacon

Pretty sure it's a bag

Dan Diaz site profile image  

1/1/12 12:45 AM by Dan Diaz

 male leather  european  carry all. 

Hugo Stiglitz site profile image  

12/31/11 10:15 PM by Hugo Stiglitz

It's a satchel, Indiana Jones has one

SleepBomb site profile image  

12/31/11 10:05 PM by SleepBomb

 i am pretty sure is was a European hand bag for men, not a purse

Chino3 site profile image  

12/31/11 9:53 PM by Chino3

Yeah brilliant move to tell a fighter, before arguably his biggest fight of his career, some devistating news... Yeah I am sure that's what DFW did...