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

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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.

https://www.bloodyelbow.com/2019/9/...kibara-10-million-non-compete-clause-ufc-news
 
I wish someone would pay me 10 million to literally do nothing
 
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.

https://www.bloodyelbow.com/2019/9/...kibara-10-million-non-compete-clause-ufc-news
That was not really a secret, tho...

Meanwhile, back in the day, Hoyce would often talk about gettin´paid by them UFC (talkin´about somethin´huge, like +1M$)... same thing... non-compete clause...
 
WWE did a similar thing with Ted Turner IIRC after WCW went down.
 
That was not really a secret, tho...

Meanwhile, back in the day, Hoyce would often talk about gettin´paid by them UFC (talkin´about somethin´huge, like +1M$)... same thing... non-compete clause...
link
 
Yeah, it's crazy when people get pay outs like this to do nothing.

Atari eventually kicked out their head guy, Nolan Bushnell and paid him millions not to make anything to do with video games for so many years.

He went and made up that Chuck-E-Cheese thing you Americans have/had instead.
 
Damn, I would have done it for bout tree fiddy.
 
Bellator had a similar situation with Bjorn Rebney when they let him go, he couldn't become a promoter for three years so he went to Mexico, tried and failed to start a union, and then who knows what he's up to now. Probably on the beaches with Ricardo Arona and TJ Grant.
 
not to be that guy, but isnt this common knowledge?

especially when Rizin was born
 
They did the same with Scott Coker after the Strikeforce buy out. They basically paid him to do nothing. Its smart. Both Sakikbara and Coker have reach in MMA and paying them not to compete was smart for Zuffa, UFC to get a stranglehold on MMA.
 
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Bellator had a similar situation with Bjorn Rebney when they let him go, he couldn't become a promoter for three years so he went to Mexico, tried and failed to start a union, and then who knows what he's up to now. Probably on the beaches with Ricardo Arona and TJ Grant.
You might be right about Rebney being with Arona on a beach somewhere, but TJ Grant is from Nova Scotia and they're not allowed to be in direct sunlight.
 
That's very common practice in business when companies are bought out.
 
7 years? God damn

He should never have agreed to that

A few years maybe but 7
 
Wait, so Sakakibara wasn't involved in DREAM at all?
 
Bellator had a similar situation with Bjorn Rebney when they let him go, he couldn't become a promoter for three years so he went to Mexico, tried and failed to start a union, and then who knows what he's up to now. Probably on the beaches with Ricardo Arona and TJ Grant.

Would be cool if once fighters retire, they all get together in cabo once a year. Grant, Arona, Saku, etc.
 
Non-compete clauses aren't anything new when it comes to buyouts.

7 years is a bit long though.
 
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