Zuffa paid PRIDE CEO Sakakibara $10 Million for non-compete clause

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Wild

Zi Nazi
Admin
Dec 31, 2014
85,004
123,331


New un-redacted legal documents from the UFC antitrust lawsuit reveal an interesting detail about Zuffa’s acquisition of Pride Fighting Championships. According to legal documents highlighted by Jonathan of Kowloon on Twitter, Zuffa paid $10 million to PRIDE CEO Nobuyuki Sakakibara. This occurred during Zuffa’s acquisition of PRIDE. In return for the eight-figure sum, Sakakibara was to agree to a seven-year non-compete clause.


View: https://twitter.com/GlobeSvcs/status/1167486090665578496



Zuffa paid PRIDE CEO Nobuyuki Sakakibara $10 Million for a 7-year non-compete clause
 

D241

Banned
Jan 14, 2015
4,384
4,741
What does a non compete clause mean, that he couldn't run his own organization for 7 years?

If so, how many of you would turn down 10 million you didn't have to turn down? I'm talking guaranteed money.
 

sparkuri

Pulse On The Finger Of The Community
First 100
Jan 16, 2015
34,420
46,562
If so, how many of you would turn down 10 million you didn't have to turn down? I'm talking guaranteed money.
If it meant screwing fighters or demeaning their value, I wouldn't even consider it.
 

Enock-O-Lypse Now!

Underneath Denver International Airport
Jun 19, 2016
11,737
19,619
was sakikabara not involved with DREAM ?
That’s what I was thinking as well, could have swore he showed up at maybe Yarenokka - or Dream...maybe RIZIN?

Dana and UFC made it look like they paid a lot of money for what turned out to be just the PrideFC Video Library...well we now know that 10 mil of that deal went to Sakibara in the no compete clause ...