What do you think? Mayweather and Arum have beef going back for some time now, it's not something that's fabricated, it's genuine, legal disputes between the two parties. I do feel Mayweather is justified in not wanting to deal with Arum at all, he has had to go to court because of Arum's previous dealings.. But what's the general consensus?
Here's an article from 2008, it's an interesting read:
Without fanfare, which is a rarity in boxing, Floyd Mayweather Jr. filed a lawsuit against his former promoter, Bob Arum of Top Rank, in Clark County (Nev.) District Court two weeks ago.
Mayweather claims that Arum shortchanged him on matches against Arturo Gatti in 2005 and Zab Judah in 2006. In the lawsuit, Mayweather said he was due 85% of Top Rank's revenue from the Gatti fight and 80% from the Judah fight. He claims Arum has refused to turn over the records for accounting. Mayweather has asked for the statutory minimum of $10,000 on each of the five counts, but would be in line for millions in punitive damages on a breach of contract claim.
This could get ugly before it's over, making it the heavyweight slugfest of the year.
In a strange twist, Arum admits that he owes Mayweather money and said he has told Mayweather's reps why he isn't giving it to him.
"There's no question we owe him some money," Arum said. "There's no dispute there. But he owes us a lot of money, and the people he's involved with owe us even more. After 98% of the money we owed him was paid, we stopped paying him for a reason.
"We're owed ... in the millions. We welcome this lawsuit. We wanted it to be filed. We have counterclaims and cross claims against certain other individuals involved with Mayweather. This is just the opening salvo in a major battle."
Arum and Mayweather parted ways in 2006 after Mayweather paid $750,000 to buy out his contract. That was triggered by Arum's refusal to guarantee Mayweather $20 million to fight Oscar De La Hoya, another Top Rank client, who successfully sued Arum to get out of his contract in 2001. Last year Mayweather and DeLa Hoya hooked up without Arum and fought in one of the highest grossing Pay-Per-View boxing events ever. Mayweather earned more than $30 million for the fight, and the two have planned a rematch for September.
Mayweather believes that Arum stymied his career during the time that he was promoting both Mayweather and De La Hoya (from 1996-2001).
Read more:
Here's an article from 2008, it's an interesting read:
Without fanfare, which is a rarity in boxing, Floyd Mayweather Jr. filed a lawsuit against his former promoter, Bob Arum of Top Rank, in Clark County (Nev.) District Court two weeks ago.
Mayweather claims that Arum shortchanged him on matches against Arturo Gatti in 2005 and Zab Judah in 2006. In the lawsuit, Mayweather said he was due 85% of Top Rank's revenue from the Gatti fight and 80% from the Judah fight. He claims Arum has refused to turn over the records for accounting. Mayweather has asked for the statutory minimum of $10,000 on each of the five counts, but would be in line for millions in punitive damages on a breach of contract claim.
This could get ugly before it's over, making it the heavyweight slugfest of the year.
In a strange twist, Arum admits that he owes Mayweather money and said he has told Mayweather's reps why he isn't giving it to him.
"There's no question we owe him some money," Arum said. "There's no dispute there. But he owes us a lot of money, and the people he's involved with owe us even more. After 98% of the money we owed him was paid, we stopped paying him for a reason.
"We're owed ... in the millions. We welcome this lawsuit. We wanted it to be filed. We have counterclaims and cross claims against certain other individuals involved with Mayweather. This is just the opening salvo in a major battle."
Arum and Mayweather parted ways in 2006 after Mayweather paid $750,000 to buy out his contract. That was triggered by Arum's refusal to guarantee Mayweather $20 million to fight Oscar De La Hoya, another Top Rank client, who successfully sued Arum to get out of his contract in 2001. Last year Mayweather and DeLa Hoya hooked up without Arum and fought in one of the highest grossing Pay-Per-View boxing events ever. Mayweather earned more than $30 million for the fight, and the two have planned a rematch for September.
Mayweather believes that Arum stymied his career during the time that he was promoting both Mayweather and De La Hoya (from 1996-2001).
Read more:
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