Early today, a statement from Bellator CEO Bjorn Rebney revealed that settlement talks soured between the promotion and their former Lightweight champion Eddie Alvarez. The two parties have been engaged in legal proceedings for the last several months since Bellator sued Alvarez in December.
Following the reports of Rebeny's statement, Alvarez took to Twitter to give his side of the story:
Sorry I have been absent lately guys, here are some updates, I recently just sold an investment property in order to wait this trial thing out.
I didn't want to sell it was supposed to be a retirement thing but that's how shit goes, very happy its sold and I'm packing now!
I am taking the funds from the sale of the home and moving to Florida with me and my family. I leave in a few days to search out a rental.
I'll be training as if I have a fight no matter what the circumstances.
We will be going to trial and there will be no settlement. I was to see this thing through and let the truth come out in the end.
My goal is to move to Florida. Train with the best team and coaches in the world, beat this court case, become #1 in the world and keep it.
I am in no hurry. This has always been a marathon for me, not a sprint. And time will only make me more dangerous when I fight, I promise.
On the good side, I made a shit load of cash from selling my property so me and the fam should be straight for a while!
Miami has unsanctioned fights somewhere for cash. Told my wife I might need to take the drive down there on the weekend to stay sharp.
As of yet, no date for the trial has been reported by either party, so it's hard to say how long Eddie will be on the shelf before the issue is resolved.