Comments Thread For: Top Rank Sues Al Haymon For Over $100 Million

[AddiX]

I never thought the GB part of that was going anywhere. I felt the crux of it was that Haymon/Gym/Showtime colluded to pull Stevenson and thus Kovalev / Main Events was damaged by that action. Its been awhile since I read it though so I could be wrong about the focus being that narrow......

Ya main events was going after the whole organization.

I was really excited to see how it would end up, because at that time there was rumors and theories about Richard schaffer being involved in some heavy money laundering stuff after he left his company which everyone else but him was arrested.

I thought maybe someone would dig into bother more expose them, but it never happened.

[AddiX]

U accuse him of turning it to a race thing and then u decide to be racist. Good job numb nuts.

I didn't accuse him of anything, he turned it into a race thing, that's a fact.

He's trying to position Haymon as an innocent black man being oppressed by the powerful ***.

But he completely left Oscar out of it because it doesn't fit his fairytale.

I'm beyond tired of black people doing this kind of thing, I sure as heck don't need it while reading a boxing forum.

[Scipio2009]

Haymon is trying to do things promoters do, choosing events, paying fighters, etc. Managers cannot do these things. The Ali act was made specifically to distinguish promoters from managers.

Before anyone jumps on me for trying to say I got my lawyer degree, I just been reading the document/plaintiff for the last hour so fck off lol

Managers look to secure the biggest events and purses for their fighter.

Gaby Penegaricino had done the same types of things negotiating on Miguel Cotto's behalf (locking in an opponent at favorable terms to Pacquiao, securing a fight location that is in Cotto's interest, working to make sure the TV situations, foreign/domestic, are all squared away in a manner that Cotto is happy with, etc).

Is Golden Boy/Top Rank gonna sue Cotto, if it were to happen, for not working with them for the Canelo fight? lol

[Scipio2009]

Dan Rafael ***8207;@danrafaelespn · 2h2 hours ago
Suit claims a manager paying "purse" is against Ali Act (which it is). #boxing

... the the fact that the 'memo' on the check called the payment a purse, Arum thinks he has a case that will net him $100m? lol

[Dr Rumack]

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[Scipio2009]

no offense, but you really dont know what you are talking about. PBC controls the ticket revenue, and the advertising revenue, and pays the "promoter" a flat fee to stage the event. That means PBC is a defacto promoter with a financial stake in the promotion, which is a CLEAR violation of the Ali Act.

Not to mention, I'd bet dinner that the fighters on these events Ali Act financial disclosures only list the money paid from PBC to the "promoter", and not the actual revenue received by PBC, which flies in the face of the laws intent.....

It makes no sense to pay a promoter a fee if, as you seem to want to claim, the entity hiring the promoter did all of the work.

When Garcia-Peterson ended up generating $1m at the gate, it was Lou DiBella and his promotional company marketing the event in the area, pushing the radio spots in the area, coordinating the press availabilities and media workout, in addition to whatever nuts-and-bolts efforts that go into physically putting on the event.

PBC, as is the crux of their effort, likely spent a ton of money pushing the TV product.

No idea how much money DiBella made from the Garcia-Peterson fight, but to try and act as if Haymon Sports was pounding the pavement, pushing the tickets, while DiBella was just sitting around, waiting for a fee is laughable.

hilarious

[MasterPlan]

Why did Bob Arum work with Haymon for the Mayweather-Pacquiao fight?

[Scott9945]

Why did Bob Arum work with Haymon for the Mayweather-Pacquiao fight?

Because everybody made a ridiculous amount of money?

[MagikLair]

I agree

The irony of this post...meanwhile the stage is being set for Pac-Bradley 3&4, Pac-Rios 2, screw it Pac-Vargas for Pacs comeback fight

Yeah those matchups suck. Nobody wants to see the them. I was saying in general.. Just wish all the promoters could somehow coexist so the fans get what they want. The best match ups possible..

[Unseen]

I think PBC is good, but I do think that Al is a promoter but acts as if he's a manager/advisor which is not really the case. He seems to be both which I have heard is illegal.