Alvarez moving to Boca Raton, forced to sell home

Friday, May 03, 2013

Earlier this week, Bellator CEO Bjorn Rebney said settlement talks between the company and Eddie Alvarez had ceased, and that the court case would continue, however glacially.

“I had hope a month ago there was a door opening,” said Rebney. “But that door isn’t open at this point. So I don’t know. The court system is slow and methodical, and we’re just going through the process. I don’t have any projections of it getting settled at this point because we’re not talking. The essence of it is, the promoter is never going to get everything he wants and the fighter is never going to get everything he wants. We have a position that we did everything right legally, and the court has supported us. I thought we were headed down a road, and then everything went real dark.”

Alvarez responded, via Twitter.

Edward Alvarez ‏@Ealvarezfight
•Sorry I have been absent lately guys, here are some updates, I recently just sold an investment property in order to wait this trial thing out.
•I didn’t want to sell it was supposed to be a retirement thing but that’s how shit goes, very happy its sold and I’m packing now!
•I am taking the funds from the sale of the home and moving to Florida with me and my family. I leave in a few days to search out a rental.
•I’ll be training as if I have a fight no matter what the circumstances.
•We will be going to trial and there will be NO settlement. I was to see this thing through and let the truth come out in the end.
•My goal is to move to Florida. Train with the best team and coaches in the world, beat this court case, become #1 in the world and keep it.
•I am in no hurry. This has always been a marathon for me, not a sprint. And time will only make me more dangerous when I fight, I promise.
•On the good side, I made a shit load of cash from selling my property so me and the fam should be straight for a while!
•I haven’t tweeted because I been renovated my property in Philly to get in ready to rent. It took 14 hr days for six weeks doing it myself.
•Since 18 I have fought at least every roughly five months so I have been learning a lot from this break.
•Miami has unsanctioned fights somewhere for cash. Told my wife I might need to take the drive down there on the weekend to stay sharp.
•Headed to Boca Raton, the schools are really good and the gym is close.
•@SUGARRAYLEONARD I think we both have something in Common, F ed by Bjorn Rebney .. would love to chat.
•Thank you guys for your support. Every tweet positive or negitive does help!! This is just a pitstop, that’s put there for a reason . THNQ

Jeremy Botter ‏@jeremybotter
My latest explains why Bellator is making a huge mistake in their legal battle with

Edward Alvarez ‏@Ealvarezfight
@jeremybotter wish they though this way, seems simple and easy to understand but they dont get it.

In a piece on B/R Botter argues that even if Bellator winns the legal battle, they will retain a profoundly upset employee, to no one’s advantage.

Alvarez wants to go to the UFC, and Rebney—despite repeatedly saying in the past that he would allow Alvarez to leave if he wanted to—has gone back on his word.

I understand it. When Rebney made those comments, Bellator wasn’t owned by Viacom. Now that it is part of the media conglomerate, he doesn’t have the final authority to make those decisions anymore. Viacom doesn’t want to lose any of its homegrown stars to the UFC, and so it is doing everything it can to keep Alvarez around.

But Alvarez doesn’t want to stick around. He wants to go to the UFC, where he was promised a title shot, headlining spots on Fox television cards and other featured roles on UFC programming.

But Bellator also needs to face reality: If the promotion wins an ugly court battle with Alvarez, what has it gained? Sure, its most marketable star is forced to stay but at what cost?

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