Coach Edmond Must Pay $160K Or Lose Glendale Fight Club

Nastycrow

Mr. BlobTitz
Staff member
Originally posted by: Thir13en
Date: January 14, 2017 at 06:01 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Ronda Rousey’s loss at UFC 207 was not the end of coach Edmond’s worries…

Former UFC women’s bantamweight champion Ronda Rousey suffered another crushing loss at UFC 207. Her massively anticipated return came amid media frenzy, albeit without the sound of Rousey’s voice. Her choice to black out the press led to equally as much speculation and debate as if she had chosen to speak. Inevitably it all meant little on fight night, as Amanda Nunes took the ex-champ by storm. Retaining her belt with a 48-second squash match, Nunes put Rousey’s combat future in the balance again.
Obviously questions were asked, most of them focused on ‘Rowdy’ and her apparent lack of improvement. Displaying eerily similar faults to the Holly Holm fight, Rousey’s 411 days away had clearly been spent in the wrong company. Coach Edmond Tarverdyan came under fire, his training methods in particular, but also his
somewhat questionable past
. His sketchy file for bankruptcy before the Holm fight raised eyebrows, and now it’s come to a head.
Mandatory Credit: Mark J. Rebilas-USA TODAY Sports
Deadline

After Taverdyan claimed his annual income was $0, and he owned only $3K worth of assets, it was clear something was going on. Turns out old Eddie transferred the rights and interest in Glendale Fighting Club to his wife, something the trustee in Tarverdyan’s bankruptcy case saw right through. As per
BloodyElbow.com
, Tarverdyan and wife have until Sunday to pay the $160K settlement or they’ll lose the gym.
The Trustee contends, among other things, that: (1) the Transfer is avoidable as a fraudulent transfer under the Bankruptcy Code and California law and/or as a preferential transfer under the Bankruptcy Code; and (2) all of the right, title and interest in GFC is community property that is property of the estate. [Tarverdyan] and Avetisyan dispute these contentions.

GFC Could Be Sold

According to the settlement, Tarverdyan and Avetisyan have until Jan. 15 to pay the $160,000 in full. Should they fail to do so, the rights and title to GFC and its assets will be deemed community property and the trustee will have the right to sell GFC and its assets and retain the proceeds for the estate and the creditors.

Perhaps this could be the key to Ronda Rousey’s successful comeback. Should Edmond Tarverdyan lose Glendale Fighting Club, maybe ‘Rowdy’ will find a new gym. At the minimum, that would certainly answer questions about Tarverdyan’s ability to coach. As for the allegations of fraud and tax evasion, you be the judge.
 
Originally posted by: london209
Date: January 14, 2017 at 06:40 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Aside the well deserved battering he gets online for he's coaching and all around attitude it isn't nice to see a someone lose their livelihood and go bankrupt
 
Originally posted by: Watain
Date: January 14, 2017 at 06:43 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

He tried to weasel out of it though, no honour, no code.
 
Originally posted by: london209
Date: January 14, 2017 at 06:45 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Watain said:
He tried to weasel out of it though, no honour, no code.
Click to expand...
Everyone would try and get out of it to keep their business not just give up
 
Originally posted by: Watain
Date: January 14, 2017 at 06:45 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Or maybe pay your debts? Bizarre idea, I know.
 
Originally posted by: london209
Date: January 14, 2017 at 06:47 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Watain said:
Or maybe pay your debts? Bizarre idea, I know.
Click to expand...
Of course but if you don't have the means you don't give up do you , you will eventually try and pay them with a payment plan or something
 
Originally posted by: Watain
Date: January 14, 2017 at 06:49 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Things wouldn't have got this far if he'd done that though, he's got to court and tried to be clever and got caught out, something is clearly wrong business wise to run up such debts.
 
Originally posted by: london209
Date: January 14, 2017 at 06:54 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Watain said:
Things wouldn't have got this far if he'd done that though, he's got to court and tried to be clever and got caught out, something is clearly wrong business wise to run up such debts.
Click to expand...
I don't think it is as cut and dry as "oh you should of just paid your taxes" I have done it myself left a tax bill and paid it late because I had to keep my buisness running and paid it later in the early years but it can spiral out of control if the buisness isn't going well and that's obviously happened to him so I feal sorry for anyone trying to make it when it happens
If he was swanning around in a lambo wearing a Rolex that would be a different story
 
Originally posted by: Thir13en
Date: January 14, 2017 at 07:04 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

london209 said:
If he was swanning around in a lambo wearing a Rolex that would be a different story
Click to expand...
Not to nitpick but he is driving around in a new BMW.
 
Originally posted by: london209
Date: January 14, 2017 at 07:09 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Thir13en said:
Not to nitpick but he is driving around in a new BMW.
Click to expand...
Haha ok Just trying to get the point across it's a bad thing to go through regardless on how bad people think he is as a trainer
 
Originally posted by: Watain
Date: January 14, 2017 at 07:13 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Surely his cut of Rondas paycheck would settle this bill and then some?
 
Originally posted by: london209
Date: January 14, 2017 at 07:17 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Watain said:
Surely his cut of Rondas paycheck would settle this bill and then some?
Click to expand...
You would of thought he would be seeing some of that money but then again I don't see ronda flashing the cash seems to have her head screwed on in that aspect
I would of thought that Edmunds cut won't go up because ronda gets paid more I think it's either by the hour or a set price for the camp but being her trainer must of brought side money in with the extra attention
 
Originally posted by: Watain
Date: January 14, 2017 at 07:37 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Yeah you are probably right, I know for lower earning fighters it's normally a percentage of their purse that goes to the trainer, I would pay Edmund in magic beans personally.
 
Originally posted by: Spud
Date: January 14, 2017 at 08:13 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

london209 said:
Aside the well deserved battering he gets online for he's coaching and all around attitude it isn't nice to see a someone lose their livelihood and go bankrupt
Click to expand...
Dude tried to game the system and is paying for it, I've no sympathy for him.
 
Originally posted by: Jak
Date: January 14, 2017 at 08:27 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

london209 said:
Aside the well deserved battering he gets online for he's coaching and all around attitude it isn't nice to see a someone lose their livelihood and go bankrupt
Click to expand...
This one is slightly different though. He went through this before the Holly Holm fight too.
The coaches shouldn't make the headlines more than their fighters and this is the second time in two fights that Edmond has.
Rousey is in charge of her own decisions, but she's clearly not with a competent gym/trainer.
I just hope he hasn't pissed away his fighters money too.
 
Originally posted by: MysterLynch
Date: January 14, 2017 at 09:23 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

london209 said:
Aside the well deserved battering he gets online for he's coaching and all around attitude it isn't nice to see a someone lose their livelihood and go bankrupt
Click to expand...
If Edmund can't pay 160k, he deserves to lose his business. Fighters pay for any additional coaches or training partners, as well as any additional expenses. Edmund tried to avoid paying his bills, transferred the gym to his wife and claimed an income of
$0
. He gets a cut of Ronda and Travis' payouts, which are substantial. Ronda makes millions per fight and Travis makes over 100k. According to Edmund, he made between 200-300k from Ronda alone in 2015.
 
Originally posted by: redstar
Date: January 14, 2017 at 09:39 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Free Edmound!
 
Originally posted by: JonnyRico
Date: January 14, 2017 at 09:41 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Free us from Edmond!
 
Originally posted by: CardioKing
Date: January 14, 2017 at 10:04 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

Watain said:
Surely his cut of Rondas paycheck would settle this bill and then some?
Click to expand...
Something incredibly stupid is going on.
She'll stay with him despite the entire fighting community saying its the wrong decision. But she won't help him settle a $160K debt?? Or he is squandering all his money? Inquiring minds want to know.
 
Originally posted by: Watain
Date: January 14, 2017 at 10:29 AM
Source: https://forum.mmajunkie.com/threads/coach-edmond-must-pay-160k-or-lose-glendale-fight-club.70571/

CardioKing said:
Something incredibly stupid is going on.
She'll stay with him despite the entire fighting community saying its the wrong decision. But she won't help him settle a $160K debt?? Or he is squandering all his money? Inquiring minds want to know.
Click to expand...
Precisely.
 
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