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A report last Friday night had UFC heavyweight Alistair Overeem’s fight purse being held in escrow by the Nevada State Court after the fighters former management company, Knock-Out Investments (aka Golden Glory), as the courts to withhold his fight purse over money owed to them.
It appears that Golden Glory failed to post the $200,000 bond allowing Overeem to receive his full payout for UFC 141, which included his win bonus for defeating Brock Lesnar in the main event of the Las Vegas show.
ESPN.com confirmed the news on Monday.
A Nevada court, citing an existing and enforceable management contract between Overeem and Knock Out Investments, decreed that Zuffa LLC “is directed to issue a check from the portion of the purse owed to Overeem in the respective amount of $241,285,49, made payable to Knock-Out Investments; and that the Nevada State Athletic Commission shall hold” the check pending further order of the court.
That order was contingent on KOI, also known as Golden Glory, posting a $200,000 surety bond by fight time.
Nevada State Athletic Commission executive director Keith Kizer told ESPN.com it was his understanding that the bond was not posted, therefore Overeem received a check for $385,714.28 — his bout fee and win bonus. Overeem will also earn a signficiant portion of UFC 141′s pay-per-view proceeds.
Golden Glory is alleging that Overeem failed to pay a 30% commission on his fight purse owed to them for his bout versus Fabricio Werdum at last June’s Strikeforce: Overeem vs. Werdum event. Overeem and Golden Glory split this past fall.