By Zach Arnold | March 19, 2007
By Zach Arnold
Update: NHB News (Japanese) points out an article from publication Cyzo in which its writer makes the claim that PRIDE’s debts have increased since running shows in America and that the company could be one billion yen in debt. That would be roughly $8-9 million USD.
UFC Junkie picked up on a news story from Sherdog writer Greg Savage claiming that UFC has bought PRIDE for $65 million USD. (Obviously, this would be interesting timing given that Sakakibara is headed to Las Vegas right now).
Well, a major roadblock in any sort of purchase of PRIDE is about to be finalized. Ed Fishman and his attorneys are expected to finalize their lawsuit against Dream Stage Entertainment either tonight or early tomorrow. The lawsuit will be over breach of contract, and it will include a focus on putting all of PRIDE’s major players past and present (Nobuyuki Sakakibara, Yukino Kanda, Hideki Yamamoto, etc.) under court deposition. What could be revealed under court deposition?
- Who is the mystery owner of PRIDE (Shukan Gendai has been claiming all along that it is Mr. I aka Mr. Ishizaka aka Kim Dok-Soo, former loan shark from the Osaka area)?
- Where revenue streams from PRIDE-related USA activities specifically went in regards to being sent back home (Japan or South Korea?)
- Details or stories regarding police investigations into the company (could we see details about the Kanagawa Police investigation involving Seiya Kawamata and also potentially discussion of related-matters from Tokyo Metropolitan Police?)
- The status of fighter contracts (and whether or not those said fighter contracts can be enforceable in the US or if the top fighters are essentially all free agents at this point)
- Tax and immigration-related issues (i.e. proper or false tax filings in the US, traveling or working visas, etc.)
Once the Ed Fishman lawsuit is officially filed, we will try to look at the legal claim and analyze it further.