By Zach Arnold | March 2, 2007
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 â€¦ yikes.
Well, here are some additional details on the situation between PRIDE & Ed Fishman from a source close to the situation:
- 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.
- 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.
- 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.