In late 2015, not long before Ronda Rousey got crushed by Holly Holm and coughed up her bantamweight belt at the UFC 193 pay-per-view (PPV) event in Australia, her falsifying coach, Edmond Tarverdyan, filed for bankruptcy in Los Angeles, Calif., claiming a salary of $0.00 with assets of just $3,300.
How does the head coach of a multimillionaire athlete earn … absolutely nothing?
Only Tarverdyan can answer that, though it sounds like the trustee in Tarverdyan’s bankruptcy case, Jason Rund, is still asking for $160,000 in a settlement motion filed with the Los Angeles Division of U.S. Bankruptcy Court this week, one that also named Tarverdyan’s wife, Diane Avetisyan.
From Paul Gift at Bloody Elbow:
According to Rund’s motion and the signed settlement agreement, before Tarverdyan filed his bankruptcy petition in 2015, he transferred his rights, title, and interest in G.F.C. Fitness, Inc. – which owns and operates the Glendale Fighting Club – to his wife, Avetisyan.
Rund contends in his motion that this transfer was fraudulent or preferential.
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.
Hopefully he shows up this time.
Things have gone from bad to worse for Rousey and Tarverdyan in the year following her knockout loss to Holm. After an extended absence, “Rowdy” made her return to mixed martial arts (MMA) at UFC 207 and was demolished in just 48 seconds (video). That compounded criticism from inside the Rousey camp and put most of the blame on Tarverdyan, who insists it’s “all good.”
We’ll find out on Jan. 15.
Source:: mma mania