Affliction, Inc. announced Friday that its board of directors has received and accepted the resignation of general partner Todd Beard, one of the company’s founding owners of its clothing brand.
Per Beard’s resignation, he will be no longer affiliated with the company as a full-time employee but will retain an ownership stake in the company.
The announcement comes on the heels of reports this week that Kim Couture, wife of UFC heavyweight champion Randy Couture, had been awarded a temporary restraining order against Beard. Soon after, published reports revealed Beard’s protracted criminal past that included convictions for forgery, illegal telemarketing, federal mail and wire fraud, and driving while under the influence.
Today’s release from Affliction, Inc. also revealed that Beard will be seeking treatment for anger management and alcohol abuse and included excerpts of a public apology from Beard in regards to his actions towards the Coutures.
“I would like to apologize for my comments that may have offended Kim and Randy Couture and Mr. Spira (Kim Couture’s attorney),” Beard’s apology reads. “I had a long-standing relationship with the Coutures and I was deeply and emotionally hurt by some of their recent business decisions. I have only the best of intentions for the success of the Affliction and Xtreme Couture clothing brands and understand that there are personal issues I must address.”
There had been speculation in the past 24 hours that Donald Trump, a reported general partner of Affliction Entertainment – the company’s mixed martial arts promotional company – would have to resign in light of the revelation of Beard’s extensive criminal history. According to New Jersey state gaming laws, it is illegal for anyone in possession of a gaming license to consort with known criminals. Today’s release indirectly attempts to address that conflict.
“The Board of directors of Affliction Inc. also wanted to clarify that Affliction Entertainment Group LLC. (the promotion company) is not controlled by Affliction Inc.,” the release concluded. “Mr. Beard to its knowledge, is nether an officer, director, or a shareholder of Affliction Entertainment Group LLC. as stated in several periodicals.”