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Source: Ed Fishman taking legal action against PRIDE

By Zach Arnold | March 2, 2007

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By Zach Arnold

On Friday morning, Sherdog.com writer Josh Gross wrote the following in a new article:

The latest I hear is that Fishman is ramping up to sue Sakakibara and PRIDE in the event they default on the agreement that put Fishman in place as PRIDE USA prez … yikes.

Well, here are some additional details on the situation between PRIDE & Ed Fishman from a source close to the situation:

  1. A falling out between Fishman & PRIDE supposedly took place on Tuesday morning, in which Fishman told PRIDE that any further contact with him should be done directly through his attorneys.
  2. The fallout is rumoredly in regards to payment to Fishman as PRIDE USA President (in other words, a pending breach of contract). The contract between Fishman and PRIDE is allegedly a five-year contract. If PRIDE defaults on the contract with Fishman, he will go to court and sue for damages — along with trying to obtain the assets of PRIDE.
  3. Fishman was interested in buying PRIDE to the point that he supposedly would have kept both the Japanese and American offices opened, with business running as usual (w/ additional offices added). DSE management was not interested.

With the legal process now underway, it is extremely doubtful — in my opinion — that PRIDE will run a show in America again with Fishman still under contract to them. There are a lot of details regarding the legal dispute between the two parties that may surface publicly relatively soon. The legal matter is very complicated and not a black/white case.

Topics: All Topics, MMA, Media, PRIDE, Zach Arnold | 10 Comments » | Permalink | Trackback |

10 Responses to “Source: Ed Fishman taking legal action against PRIDE”

  1. JOSH says:

    sigh another point where PRIDE just shoots itself in the foot. oh well glad I went to the last event.

  2. Jordan Breen says:

    So, when are the fights happenin’?

  3. Mike Sawyer says:

    I didn’t think they looked to “chummy” at the post-fight press conference…

  4. JThue says:

    Oh boy. Talk about depressive news.

  5. Rollo the Cat says:

    CapnHulk,

    I am not so sure Fightsport and PCB have been all that accurate in the past.

    I can’t wait to see the papers Fishman files for this lawsuit. I’d like to know the details the contract and what was done to breachit supposedly.

  6. Zach Arnold says:

    The idea that the Sherdog message board took a Fight Sport character seriously on that web site makes me laugh.

    Is it true that UFC has gone to great measures to buy PRIDE? Absolutely. They have been aggressive on all counts for it. With that stated, the minute Fishman goes to court with PRIDE is the minute that things come to a halt.

  7. roadblock says:

    Am I the only one who notices the pattern that when UFC has a good (or at least intriguging) main event a PRIDE rumor comes up? Last time it was in November the day before Hughes/GSP II and WWE and PRIDE were meeting in Stamford.

  8. [...] This was not a surprise, especially after finding out Pride is being sued by their Vegas contact, Ed Fishman. [...]

  9. [...] Pride probably won’t be around much longer anyway. One of their producers is apparently ruining the organization from within (1, 2, 3) and their USA President busted up their plans for having another show here (4, 5). The UFC already makes alot more broadcasting money (6). And all that said, the next event is going to be “Pride 34: Kamikaze.” [...]