Golden Glory gets 2nd court order, to garnish $427,000 of Overeem’s pay
Knockout Investments, team Golden Glory’s corporate parent, has obtained another court order to hold in escrow a portion of Alistair…
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.