Golden Glory gets 2nd court order, to garnish $427,000 of Overeem's pay

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by Steven Marrocco | source: mmajunkie.com

Knockout Investments, team Golden Glory's corporate parent, has obtained another court order to hold in escrow a portion of Alistair 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 judgement applies to 30 percent of Overeem's purse, win bonus, pay-per-view proceeds, and "guaranteed payment for ancillary and intellectual property rights."

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.

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tags: UFC Alistair Overeem (detail) Golden Glory Bas Boon

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2/12/12 9:20 AM by swany

Damn allistair making some coin , I'd love to see the actual numbers of the likes of Anderson and gsp make

2/11/12 8:54 PM by Choochy

Doubt they see a penny. They are doing more harm to themselves than good

2/11/12 8:44 PM by jakeb

We get to see a rare look at total fighter pay.. works out to 1.42 million

2/11/12 8:13 PM by Gnarls Gnarlington

that's a lot of fucking money. damn.

2/11/12 7:49 PM by slamming

He's making the big bucks now.

2/11/12 7:46 PM by Enemies

Only 30%. Seems reasonable!

2/11/12 7:10 PM by Chris Power

GG's not coming out of this very well from a PR perspective - if I'm a fighter looking for a camp, am I going to go to the one whose financial arrangements seemed marred in controversy and confusion? Fighters are going to look at this and wonder - do I really want to end up in this position?

2/11/12 7:10 PM by roperninja

2/11/12 7:06 PM by jaytrainwreck

2/11/12 6:51 PM by WRESTLENOW

fuck golden glory.

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