Beef with Top Rank and Arum

[edgarg]

That's the article about the Mayweather V Arum stuff but also just to add in 2010 Golden Boy filed a suit against Arum alleging that TR owed GBP money for Manny Pac fights.

Golden Boy, which owns a percentage of Pacquiao's promotional contract, is seeking damages "in the range of $3 million to $5 million, plus attorneys fees," Judd Burstein, the attorney representing Golden Boy, told ESPN.com, adding that because the suit was filed under the Racketeer Influenced and Corrupt Organizations Act -- the RICO statute -- damages would be tripled if Golden Boy wins a judgment.

Golden Boy contends that it is owed millions of dollars from Pacquiao's 2008 lightweight title bout against David Diaz, his 2009 welterweight title bout against Miguel Cotto and his March welterweight title defense against Joshua Clottey.



There is shed loads of bad blood between GBP and TR and Mayweather Promotions/Mayweather and TR/Arum where unfortunately it has got to the point that both GBP and Mayweather Promotions won't do business with TR.

It was published here that Top Rank finally gave Oscar a "tiny percentage" of MannyP's purse (I think not to include PPV) estimated to be around 3%.

When Oscar begged on his knees, during that crying trip and breakdown which sent him to the sanitarium, for Arum to forgive him, he settled for "an undisclosed amount"... Does it take me to suggest that the very first thing on the long list of demands that Oscar was in NO POSITION to turn down, would be that 3%.....?? Hmm whadda ya think??

You have consistently posted reports that have been LONG overtaken by actual events. I wonder WHY??? They all seem to be negative about Top Rank...I wonder WHY?

[edgarg]

Great post and info... I have never heard of any of this.... Can you provide links to the quotes.... I can believe floyd got short-changed but can also believe that floyd and his crew owed money, probably from cash advances...

If you can stand lots of salt, I'd take this info-which is a little twisted here and there- with a tablespoon of it.

[mrpain81]

Arum has been accused of being a racist by Robert Lee, the former president of the International Boxing Federation. Lee said of Arum "I pin the racism charge on him because he once told me: `We will let the Blacks and the Latinos fight in the ring and we will count the money on the outside'."

After Juanma beat Luevano and Gamboa destroyed Mattawa Arum was asked by a reporter if he was going to make Gamboa vs. Juanma next because it's what the fans wanted.

His response was.

FUCK THE FANS!!!!

In with the new and out with the old, I can't wait for the old man to retire and Boxing can be wide open. He wouldn't work with King and now he won't work with GB, this cold war bullshit needs to end.

[al-Xander]

Most of the ones who hate Bob Arum are Flowmos and they only hate him because whoever Floyd hates they hate, whoever Floyd likes they like.

Flowmoes love USADA, too. They hate VADA and HBO. Floyd has taken over their brains.

[HeroBando]

And just so we can clear your mind of all those nasty rumors and insert facts, I'll post this oldie but goodie one more time.


Mayweather turns down $8 million to fight Margarito


Pound-for-pound king Floyd Mayweather Jr. rejected promoter Bob Arum's $8 million offer to fight welterweight titlist Antonio Margarito, and he instead exercised a provision in his contract to buy Arum out and become a promotional free agent, Arum told ESPN.com on Monday.

According to Arum, Mayweather turned down the career-best purse to meet Margarito on Aug. 12 on HBO Pay-Per-View, instead opting for free agency by buying Arum out of their deal for $750,000.

"I did hear from him," Arum said of Mayweather. "He decided not to fight this summer. I made him a tremendous offer. I think Margarito is the riskiest fight for him of anyone out there."

Mayweather adviser Leonard Ellerbe told ESPN.com that Mayweather passed on the fight not because he is ducking Margarito, but because he couldn't be ready to fight by Aug. 12. Mayweather injured his right hand during a dominating April 8 victory against Zab Judah.

"Floyd is not 100 percent healthy," Ellerbe said. "He has a bruised right hand. His hand is not broken. It's bruised, but it's a bad bruise. He wants to go into any fight 100 percent healthy. If Antonio Margarito happens to be the best available option when he is healthy, so be it.

"We are not turning down Margarito. I want to make that crystal clear. When and if he is the best available option for Floyd's next fight, that's the direction he will move in."

With Aug. 12 no longer set aside for a Mayweather fight, Arum said he will use the date to feature one of his other stars, heavyweight titlist Hasim Rahman, in a mandatory title defense against Oleg Maskaev on HBO PPV.

That bout, a rematch of Maskaev's 1999 knockout victory, took on greater significance last weekend in the wake of Wladimir Klitschko's title-winning knockout of Chris Byrd in Germany.

The reason: Among the four recognized heavyweight title holders, Klitschko became the third from a former Soviet republic to beat an American to win a belt, leaving Rahman as the lone American heavyweight champion and Maskaev poised to give Eastern Europe a sweep of the titles in boxing's marquee division.

Arum said Mayweather preferred to await the outcome of the May 6 Oscar De La Hoya-Ricardo Mayorga fight instead of committing to Margarito because he would prefer to fight De La Hoya.

"We're not sitting waiting on De La Hoya," Ellerbe said. "He's in a tough, tough fight with Mayorga."

Many in the sport believe a De La Hoya-Mayweather fight is the biggest fight on the horizon and the only one capable of generating 1 million-plus buys on pay-per-view.

The reason Mayweather opted for the buyout rather than waiting for the May 6 result was because the contract had a limited window for the buyout, one that expired before the De La Hoya fight. However, Arum said he would have extended the window if Mayweather had asked. What Arum wouldn't do, he said, was raise the guarantees for other fights outlined in the contract.

Arum said while Mayweather would have taken the $8 million to fight Margarito, he asked for a $10 million guarantee to fight opponents such as Miguel Cotto and Ricky Hatton, when Arum was only willing to guarantee $7 million.

Arum said Mayweather also asked for $20 million to fight De La Hoya, a fight Arum said he wasn't interested in participating in.

"That's not in the cards," Arum said. "He wants $20 million for the De La Hoya fight? It's not there. Sometimes, my man, you gotta know when to hold 'em and when to fold 'em. We'll talk about things down the road."

Ellerbe said Mayweather opted for the buyout so he could be "more in control of when and who he fights next. It's as simple as that. There is nothing bad between Floyd and Bob."

Arum agreed that the split with Mayweather was not on bad terms like their brief breakup last year. In fact, Arum said, "We intend to be back together. Everything with this was honorable and good. I had offered him numbers [for a multi-fight contract extension] that were livable. His expectations are in the stratosphere. He was entitled to buy me out, and he did. We decided this was the best way to handle it. He is a free agent. We have agreed to work with each other [in the future]."

The split frees Mayweather to make a potential deal with De La Hoya without Arum as part of the promotion. His involvement would have made making a deal almost impossible: The head of Top Rank has openly feuded with De La Hoya, his former superstar, and their companies rarely do business together as a result.

Arum said he was simply not interested in participating in a De La Hoya-Mayweather fight, but not because of his distaste for De La Hoya.

"I don't want to, because if I did that fight, I would be working for such a small percentage, it's not worth it," he said.

Instead, Arum is turning his attention to the Rahman-Maskaev fight.

Arum said that he and Maskaev representative Dennis Rappaport are about $300,000 apart on making a deal. If they don't finalize terms, the WBC will hold a purse bid May 1 in Mexico City.

But Arum is confident they will make the deal.

"We're very close," he said. "It will take another day to work it out."

Arum said he is already making arrangements to announce the fight at a news conference in New York on May 10. He added that the fight would take place at either Boardwalk Hall in Atlantic City, N.J., or at the Thomas & Mack Center in Las Vegas.

Arum said Margarito could wind up on the Rahman-Maskaev card in the co-feature.

"But it's tentative," Arum said. "If Mayweather decides to fight in September or October, and Margarito could still be a candidate, I want him to be flexible."

Dan Rafael is the boxing writer for ESPN.com.

*Also, Mayweather only would've got $7 million to fight Hatton and Cotto. After Mayweather became his own boss, he was paid $25 million for the Hatton fight and 32 million+ for the Cotto fight.

Don't you hate how the facts can mess perfectly good rumors up?

It worked out great for Floyd, but no promoter in Arum's shoes would have guaranteed Floyd 20m coming off Zab and Baldo. Just didn't add up at all. He was proven well wrong, but that's a fluke. You take 2 guys in that position, and 9 times of 10 you get nowhere near that big of a success.

What was the guarantee Floyd took for the DLH fight BTW? Pretty sure it was less than 20m.

[edgarg]

So why were u so willing to believe it had something to do w/ Manny, Cotto or Margarito if you don' even know the story?

Why also do you spew that nonsense about Cotto and Margarito when Arum declined a deal for both to fight Floyd?

I notice in your report that the claim that Mayweather had bruised his hand came from Ellerbe, and in the many normal, friendly, non pejorative statements Arum made there was no mention of it, only that Mayweather wanted more money and then turned around and bought his contract out and they parted good friends. Both very coincidental to each other... NO?? It seems that the friendly relations were very one-sided. It took Arum a while to find out.

It was reported at the time and I remember it clearly, that when taxed by reporters about the $8 mill, Mayweather gleefully announced (I have never believed it to be truth) that his contract to fight Baldomir was for $8 mill and ONE CENT........ So it was MORE than $8 mill, showing that he was right in refusing the $8 mill. Of course Margarito who was a killer at that time had nothing to do with it as we ALL know........Eh? His PR factory must have worked overtime on this thin reason....

[Zano-24]

Flowmoes love USADA, too. They hate VADA and HBO. Floyd has taken over their brains.

People always hate HBO when it came to boxing because of the commentators.

[edgarg]

If my memory serves me correctly, Oscar De La Hoya also successfully sued Bob Arum to break his non-legal binding contract with Top Rank. That was how he founded Golden Boy Promotions.

I believe that at the time the contract had expired and Oscar had been approached by a group of Los Angeles business-men and investors ( think about 7 or 9 not sure) to form his own company.

[edgarg]

That's the article about the Mayweather V Arum stuff but also just to add in 2010 Golden Boy filed a suit against Arum alleging that TR owed GBP money for Manny Pac fights.

Golden Boy, which owns a percentage of Pacquiao's promotional contract, is seeking damages "in the range of $3 million to $5 million, plus attorneys fees," Judd Burstein, the attorney representing Golden Boy, told ESPN.com, adding that because the suit was filed under the Racketeer Influenced and Corrupt Organizations Act -- the RICO statute -- damages would be tripled if Golden Boy wins a judgment.

Golden Boy contends that it is owed millions of dollars from Pacquiao's 2008 lightweight title bout against David Diaz, his 2009 welterweight title bout against Miguel Cotto and his March welterweight title defense against Joshua Clottey.



There is shed loads of bad blood between GBP and TR and Mayweather Promotions/Mayweather and TR/Arum where unfortunately it has got to the point that both GBP and Mayweather Promotions won't do business with TR.

These are just nuisance suits thinking that because Arum became 80 he'd be more easily bothered by long forgotten nonsense. Since then Oscar had his breakdown, and his forgiveness by Arum (for a very hefty amount of millions I'd bet) and as I've noted elsewhere, you are persistent in posting old reports long overtaken by factual events.

I'm still wondering WHY??

[edgarg]

Manny Pac team/fans blamed bob for the bradley loss

His team didn't his fans did. At least those posting here, all sorts of conspiracy weirdos. And Pacquiao himself certainly didn't.