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

Discussion in 'Cageside - MMA Discussion' started by Wild, Sep 1, 2019.

  1. Wild

    Wild TMMAC's Most Handsome Admin
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    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
     
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  2. Wild

    Wild TMMAC's Most Handsome Admin
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    Wow
     
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  3. RaginCajun

    RaginCajun I Like Gifs

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    I have a very similar clause in my TMMAC posting contract.
     
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  4. Wild

    Wild TMMAC's Most Handsome Admin
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    I'd give you and a couple others $10m to never post again.

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  5. Jesus X

    Jesus X my tools

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    explains the suspicious 20 rolls royce phantoms the yakuza bought after that deal
     
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  6. RaginCajun

    RaginCajun I Like Gifs

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    Then who would you steal threads from...
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  7. Outlaw Shit

    Outlaw Shit No Comment
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    Fucking Asshole Clause IMO
     
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  8. Jdog93

    Jdog93 Grrrrrrrr..

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    @Wild@Wild

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  9. sparkuri

    sparkuri God of Thunder
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    Not a monopoly at all, lol
     
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  10. D-raw

    D-raw The 23rd Member

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    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.
     
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  11. Wild

    Wild TMMAC's Most Handsome Admin
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    Yes. Common practice with corporate acquisitions.
     
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  12. Hong Kong Phooey

    Hong Kong Phooey AKA SharkTank Abbott

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    Wildman is The Notorious Thread Robber :)
     
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  13. Hong Kong Phooey

    Hong Kong Phooey AKA SharkTank Abbott

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    You best not mean HK ME
     
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  14. sparkuri

    sparkuri God of Thunder
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    If it meant screwing fighters or demeaning their value, I wouldn't even consider it.
     
  15. jason73

    jason73 TMMAC 2020
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    was sakikabara not involved with DREAM ?
     
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  16. Willthiswork

    Willthiswork I'd rather have 4 quarters than 100 pennies.

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    I thought he at least did some appearances and such but I really can't remember.
     
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  17. wiz

    wiz Well-Known Member

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    explosive post
     
  18. ENOCK

    ENOCK Underneath Denver International Airport

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    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 ...
     
  19. ENOCK

    ENOCK Underneath Denver International Airport

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  20. Ricky Bobby

    Ricky Bobby I apparently look like a Jewish accountant

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    Didn’t happen
     
  21. D-raw

    D-raw The 23rd Member

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    I don't think that's the case here though is it ?
     
  22. Haulport

    Haulport Quis Custodiet Ipsos Custodes
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    I am pretty he wasn't. It was the PRIDE staff, not Sakakibara. He was doing some baseball thing...
     
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  23. Twelve Twenty Four

    Twelve Twenty Four Active Member

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    fake news?
     
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  24. Bob Loblaw

    Bob Loblaw Active Member

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    i'd not run my own organization for 7 years- for $5 million!
     
  25. homo fagit

    homo fagit Sexually Active Member

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    I'd even move out of my dad's house for fewer millions
     
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