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Old 11-12-2008, 05:05 PM   #21 (permalink)
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Hey guys, this is interesting for a really juicy legal reason that I will explain. Sorry if its like textual Nyquil.

Extreme Couture is a company and Affliction is too. They formed a partnership together so they can do business together (Affliction shirt w/ Ex. Couture) and vice versa.

Since they are partners together, Kim Couture can ask for an accounting of the Affliction and the law says Affliction MMMMMMMUST give it to her. No wiggle room, Affliction could ask for an accounting of Extreme Couture as well.

"Asking for an accounting" means Kim is asking Affliction to open their money books to her so she can look and say "Hey this is a good partner, I want to do business with them"

It is never a good sign when a partner refuses to open the books. it makes me think Affliction's books probably look like Elite XC's books. Look how long its been since they had a show and the fact that they forecast their next show so far in the future makes me think they were needing alot of time to get money for the next show.

This looks extremely fishy and Randy isn't worried about his wife getting hurt. The restraining order is a strategic legal tactic.
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Old 11-12-2008, 05:29 PM   #22 (permalink)
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All I can think to say is wow, mma better un**** itself and soon. I was a big supporter of multiple promotions but I've been rethinking that more and more with EXC, Affliction and the TV troubles over at DREAM. I still like that the crooks in mma mostly keep themselves out of the spotlight unlike boxing.
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Old 11-12-2008, 06:47 PM   #23 (permalink)
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Wow if beard wont quit randy is gonna have to beat the shit out of him
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Old 11-12-2008, 06:57 PM   #24 (permalink)

 
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Originally Posted by Halebop View Post
Hey guys, this is interesting for a really juicy legal reason that I will explain. Sorry if its like textual Nyquil.

Extreme Couture is a company and Affliction is too. They formed a partnership together so they can do business together (Affliction shirt w/ Ex. Couture) and vice versa.

Since they are partners together, Kim Couture can ask for an accounting of the Affliction and the law says Affliction MMMMMMMUST give it to her. No wiggle room, Affliction could ask for an accounting of Extreme Couture as well.

"Asking for an accounting" means Kim is asking Affliction to open their money books to her so she can look and say "Hey this is a good partner, I want to do business with them"

It is never a good sign when a partner refuses to open the books. it makes me think Affliction's books probably look like Elite XC's books. Look how long its been since they had a show and the fact that they forecast their next show so far in the future makes me think they were needing alot of time to get money for the next show.

This looks extremely fishy and Randy isn't worried about his wife getting hurt. The restraining order is a strategic legal tactic.
Actually seeing as its a licensing deal Im not sure Affliction could ask to see Xtreme Coutures books, The Coutures though are well with there writes to make sure they have been paid all the money they are owed and that Affliction has the money to continue to do so, I agree the fact Affliction doesnt want to open there books looks bad but did anyone not take the fact they asked fighters to take pay cuts and that they cancelled and then postponed there second show as a sign of that?
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Old 11-12-2008, 07:03 PM   #25 (permalink)
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Man if this distracts Randy come saturday night i'm gonna be pissed as hell. He was ****ed up going into the 3rd chuck fight too, (not saying he would have won, but do believe him when he said it affected him.) I say let Kim and Beardy duke it out in a cage. Hell if she can fight 3 rounds with a smashed jaw she's probably harder than him.
Kim coutures 3rd fight - Tag team, her and randy vs Beard.
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Old 11-12-2008, 07:24 PM   #26 (permalink)
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Actually seeing as its a licensing deal Im not sure Affliction could ask to see Xtreme Coutures books, The Coutures though are well with there writes to make sure they have been paid all the money they are owed and that Affliction has the money to continue to do so, I agree the fact Affliction doesnt want to open there books looks bad but did anyone not take the fact they asked fighters to take pay cuts and that they cancelled and then postponed there second show as a sign of that?
Is it just a licensing deal? My bad I thought it was a partnership. Hmmmm...wonder who licensed from who? Yeah a licensee hasn't got a legal right to just ask for an accounting of a partner which begs the question as to why Couture (their attorneys) would be asking for an accounting in the first place.

I hadn't realized they asked fighters to take pay cuts. Oh wow, Affliction is down the shitter. It all makes sense now why Tito has changed his tune and "may fight in the UFC again in July" LOL.
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Old 11-12-2008, 07:25 PM   #27 (permalink)
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Randy lost my respect after he fled the UFC a year ago.

I struggle to believe anything he says.

Dana said it himself, he is all about the money.
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Old 11-12-2008, 07:26 PM   #28 (permalink)
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Dana said it himself, he is all about the money.
coming from dana that's pretty hilarious
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Old 11-12-2008, 07:30 PM   #29 (permalink)
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Randy lost my respect after he fled the UFC a year ago.

I struggle to believe anything he says.

Dana said it himself, he is all about the money.
You're the first person I have encountered that doesn't respect Randy. (Not a bad thing, just interesting.) He seems like one of the most respectable people in MMA.
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Old 11-12-2008, 07:31 PM   #30 (permalink)

 
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Originally Posted by Halebop View Post
Is it just a licensing deal? My bad I thought it was a partnership. Hmmmm...wonder who licensed from who? Yeah a licensee hasn't got a legal right to just ask for an accounting of a partner which begs the question as to why Couture (their attorneys) would be asking for an accounting in the first place.

I hadn't realized they asked fighters to take pay cuts. Oh wow, Affliction is down the shitter. It all makes sense now why Tito has changed his tune and "may fight in the UFC again in July" LOL.
The Couture licensed the Xtreme Couture name for use on clothing to Affliction, they can ask to see the books to be sure they are getting paid what they should have (by #'s sold) and that Affliction has the cashflow to contiue to pay them and produce the clothing.
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