Tag: Golden Boy Promotions

Canelo Alvarez re-files lawsuit against DAZN, GBP and De La Hoya

Canelo Alvarez has re-filed his lawsuit against DAZN, Golden Boy Promotions and Oscar De La Hoya, according to multiple reports.

Canelo Alvarez has re-filed his lawsuit against DAZN, Golden Boy Promotions and Oscar De La Hoya, according to multiple reports.

The Mexican star, who hasn’t fought since November, originally sued his handlers for breach of contract on Sept. 15 for at least $280 million in damages and freedom to go his own way. However, a judge threw out the suit on a technicality and gave Alvarez a deadline of Monday to refile.

In the meantime, the three parties – including lawyers – met with a mediator for 10 hours a week ago in an attempt to avoid a trial.

DAZN offered Alvarez a restructured deal by which the fighter would earn a base of $20 million plus a percentage of money generated by additional DAZN subscriptions, according to The Athletic. Alvarez had been guaranteed $35 million per fight, as per his original contract.

The new offer also addresses the issue of opponent approval, which reportedly would be shared under the restructured deal.

DAZN reportedly had refused to pay him his full guarantee unless he fought what the streaming serviced deemed a premium opponent. That included Gennadiy Golovkin but not super middleweight titleholders Billy Joe Saunders or Callum Smith, who are top-level fighters but not the type of draws DAZN seeks.

The fact that Alvarez refiled the suit doesn’t mean the sides can’t still come to an agreement. As Sports Illustrated reported, the suit is a backup if they fail to come to terms and serves as leverage.

Dan Rafael is reporting that the sides have been meeting daily in an effort to find common ground.

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Canelo Alvarez re-files lawsuit against DAZN, GBP and De La Hoya

Canelo Alvarez has re-filed his lawsuit against DAZN, Golden Boy Promotions and Oscar De La Hoya, according to multiple reports.

Canelo Alvarez has re-filed his lawsuit against DAZN, Golden Boy Promotions and Oscar De La Hoya, according to multiple reports.

The Mexican star, who hasn’t fought since November, originally sued his handlers for breach of contract on Sept. 15 for at least $280 million in damages and freedom to go his own way. However, a judge threw out the suit on a technicality and gave Alvarez a deadline of Monday to refile.

In the meantime, the three parties – including lawyers – met with a mediator for 10 hours a week ago in an attempt to avoid a trial.

DAZN offered Alvarez a restructured deal by which the fighter would earn a base of $20 million plus a percentage of money generated by additional DAZN subscriptions, according to The Athletic. Alvarez had been guaranteed $35 million per fight, as per his original contract.

The new offer also addresses the issue of opponent approval, which reportedly would be shared under the restructured deal.

DAZN reportedly had refused to pay him his full guarantee unless he fought what the streaming serviced deemed a premium opponent. That included Gennadiy Golovkin but not super middleweight titleholders Billy Joe Saunders or Callum Smith, who are top-level fighters but not the type of draws DAZN seeks.

The fact that Alvarez refiled the suit doesn’t mean the sides can’t still come to an agreement. As Sports Illustrated reported, the suit is a backup if they fail to come to terms and serves as leverage.

Dan Rafael is reporting that the sides have been meeting daily in an effort to find common ground.

[lawrence-related id=14096,13667,13662]

 

Canelo Alvarez, DAZN meet with mediator; new deal offered: report

Canelo Alvarez, Golden Boy Promotions and DAZN might find common ground after all.

Canelo Alvarez, Golden Boy Promotions and DAZN might find common ground after all.

The Athletic is reporting that representatives for the three parties – including lawyers – met with a mediator for 10 hours on Tuesday, which was described as calm.

DAZN reportedly offered Alvarez a restructured deal by which the fighter would earn a base of $20 million plus a percentage of money generated by additional DAZN subscriptions.

Alvarez had been guaranteed $35 million per fight, as per his original contract.

The new offer also addresses the issue of opponent approval, which reportedly would be shared under the restructured deal.

DAZN reportedly had refused to pay him his full guarantee unless he fought what the streaming serviced deemed a premium opponent. That included Gennadiy Golovkin but not super middleweight titleholders Billy Joe Saunders or Callum Smith, who are top-level fighters but not the type of draws DAZN seeks.

Alvarez is mulling the offer, according to The Athletic.

The Mexican star, who hasn’t fought since November, sued Golden Boy and DAZN for at least $280 million for breach of contract but the suit was dismissed over a technicality. He could refile – he has a Monday deadline, The Athletic reported – or come to terms with his handlers.

Canelo Alvarez, DAZN meet with mediator; new deal offered: report

Canelo Alvarez, Golden Boy Promotions and DAZN might find common ground after all.

Canelo Alvarez, Golden Boy Promotions and DAZN might find common ground after all.

The Athletic is reporting that representatives for the three parties – including lawyers – met with a mediator for 10 hours on Tuesday, which was described as calm.

DAZN reportedly offered Alvarez a restructured deal by which the fighter would earn a base of $20 million plus a percentage of money generated by additional DAZN subscriptions.

Alvarez had been guaranteed $35 million per fight, as per his original contract.

The new offer also addresses the issue of opponent approval, which reportedly would be shared under the restructured deal.

DAZN reportedly had refused to pay him his full guarantee unless he fought what the streaming serviced deemed a premium opponent. That included Gennadiy Golovkin but not super middleweight titleholders Billy Joe Saunders or Callum Smith, who are top-level fighters but not the type of draws DAZN seeks.

Alvarez is mulling the offer, according to The Athletic.

The Mexican star, who hasn’t fought since November, sued Golden Boy and DAZN for at least $280 million for breach of contract but the suit was dismissed over a technicality. He could refile – he has a Monday deadline, The Athletic reported – or come to terms with his handlers.

Oscar De La Hoya: DAZN ‘not living up to their (Canelo) contract’

Oscar De La Hoya said DAZN is not living up to its contract with Canelo Alvarez.

The relationship between Canelo Alvarez on one side and his promoter and streaming platform on the other side reached a crisis point because of one thing, according to Golden Boy Promotions CEO Oscar De La Hoya:

“[DAZN is] not living up to their contract,” De La Hoya told BoxingScene.com.

Alvarez has sued De La Hoya, his company and the streaming service for breach of contract in good part because DAZN is refusing to pay Alvarez the amount the fighter believes is stipulated in his contract.

DAZN reportedly is offering a fraction of his $35 million guarantee because it believes Alvarez’s prospective opponents won’t drive subscriptions to the streaming service.

Gennadiy Golovkin, De La Hoya himself and MMA  stars Jorge Masvidal and Khabib Nurmagomedov reportedly would be acceptable opponents for DAZN to pay a premium price, not the likes Billy Joe Saunders and Callum Smith.

De La Hoya was interviewed by BoxingScene.com a few hours before he learned of the lawsuit.

“In my mind Canelo is willing to fight anyone, obviously, the way he’s proved it many times in his career,” he said. “He’s willing to fight Billy Joe Saunders, he’s willing to fight Callum Smith. My frustration is DAZN.

“Another frustration is DAZN’s obligation to live up to a contract that they signed. That’s a huge frustration. That’s a huge deal breaker for us. That’s where the frustration is. How can you fight a top-level opponent like Callum Smith, an elite opponent like Callum Smith and Billy Joe Saunders, and then have DAZN not live by their contract?

“It doesn’t make sense to me and that’s where the frustration is.”

De La Hoya said he’s perplexed by DAZN’s definition of a premium opponent.

“If anyone tells me Callum Smith or Billy Joe Saunders are not premium fighters, I must be crazy,” he said. “I must not know boxing. I must not have been in boxing for 35 years. Let’s get this going. Live up to your contract. Let’s get three great fights – Callum Smith, Billy Joe Saunders, GGG. Whatever order.

“Let’s get it going. Let’s do it. We’re waiting for you (DAZN).”

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Oscar De La Hoya: DAZN ‘not living up to their (Canelo) contract’

Oscar De La Hoya said DAZN is not living up to its contract with Canelo Alvarez.

The relationship between Canelo Alvarez on one side and his promoter and streaming platform on the other side reached a crisis point because of one thing, according to Golden Boy Promotions CEO Oscar De La Hoya:

“[DAZN is] not living up to their contract,” De La Hoya told BoxingScene.com.

Alvarez has sued De La Hoya, his company and the streaming service for breach of contract in good part because DAZN is refusing to pay Alvarez the amount the fighter believes is stipulated in his contract.

DAZN reportedly is offering a fraction of his $35 million guarantee because it believes Alvarez’s prospective opponents won’t drive subscriptions to the streaming service.

Gennadiy Golovkin, De La Hoya himself and MMA  stars Jorge Masvidal and Khabib Nurmagomedov reportedly would be acceptable opponents for DAZN to pay a premium price, not the likes Billy Joe Saunders and Callum Smith.

De La Hoya was interviewed by BoxingScene.com a few hours before he learned of the lawsuit.

“In my mind Canelo is willing to fight anyone, obviously, the way he’s proved it many times in his career,” he said. “He’s willing to fight Billy Joe Saunders, he’s willing to fight Callum Smith. My frustration is DAZN.

“Another frustration is DAZN’s obligation to live up to a contract that they signed. That’s a huge frustration. That’s a huge deal breaker for us. That’s where the frustration is. How can you fight a top-level opponent like Callum Smith, an elite opponent like Callum Smith and Billy Joe Saunders, and then have DAZN not live by their contract?

“It doesn’t make sense to me and that’s where the frustration is.”

De La Hoya said he’s perplexed by DAZN’s definition of a premium opponent.

“If anyone tells me Callum Smith or Billy Joe Saunders are not premium fighters, I must be crazy,” he said. “I must not know boxing. I must not have been in boxing for 35 years. Let’s get this going. Live up to your contract. Let’s get three great fights – Callum Smith, Billy Joe Saunders, GGG. Whatever order.

“Let’s get it going. Let’s do it. We’re waiting for you (DAZN).”

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WBC schedules purse bid for Canelo Alvarez-Avni Yildirm fight

The WBC has scheduled a purse for a fight between Canelo Alvarez and Avni Yildirim for its vacant 168-pound title.

The WBC evidently is pushing for a fight between Canelo Alvarez and Avni Yildirim for its vacant super middleweight title.

The sanctioning body has scheduled an Alvarez-Yildirim purse bid for Sept. 21. Negotiations are open until then. Any promoter – including Golden Boy Promotions, which handles Alvarez – could take part in the bidding if it comes to that.

It’s not clear how Alvarez could take part in the fight given his relationship with the streaming service DAZN, with which he has a contract.

Alvarez yesterday field a federal suit against Oscar De La Hoya, Golden Boy and DAZN for breach of contract. The fighter is seeking at least $280 million in damages and wants his freedom from the promotional firm and streaming service.

The WBC 168-pound title became vacant when David Benavidez failed to make weight for his defense against Roamer Alexis Angulo on Aug. 15.

Alvarez hasn’t fought since he stopped Sergey Kovalev in 11 rounds to win a light heavyweight title in November.

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WBC schedules purse bid for Canelo Alvarez-Avni Yildirm fight

The WBC has scheduled a purse for a fight between Canelo Alvarez and Avni Yildirim for its vacant 168-pound title.

The WBC evidently is pushing for a fight between Canelo Alvarez and Avni Yildirim for its vacant super middleweight title.

The sanctioning body has scheduled an Alvarez-Yildirim purse bid for Sept. 21. Negotiations are open until then. Any promoter – including Golden Boy Promotions, which handles Alvarez – could take part in the bidding if it comes to that.

It’s not clear how Alvarez could take part in the fight given his relationship with the streaming service DAZN, with which he has a contract.

Alvarez yesterday field a federal suit against Oscar De La Hoya, Golden Boy and DAZN for breach of contract. The fighter is seeking at least $280 million in damages and wants his freedom from the promotional firm and streaming service.

The WBC 168-pound title became vacant when David Benavidez failed to make weight for his defense against Roamer Alexis Angulo on Aug. 15.

Alvarez hasn’t fought since he stopped Sergey Kovalev in 11 rounds to win a light heavyweight title in November.

[lawrence-related id=13667,13662,13024,12994]

Canelo Alvarez wants to sever ties to Golden Boy, DAZN: report

Canelo Alvarez is suing Golden Boy and DAZN not only for monetary damages but also to sever ties with them.

Canelo Alvarez wants out.

The Mexican star has sued Oscar De La Hoya, Golden Boy Promotions and DAZN not only for $280 million in damages, he’s also seeking to sever ties with the promotional company and streaming service, according to The Athletic.

The complaint alleges breach of contract and intentional interference, according to the 24-page suit.

Alvarez hasn’t fought since he stopped Sergey Kovalev in the 11th round to win a light heavyweight title in November. Since then, with the coronavirus pandemic as a background, the fighter and his handlers reached an impasse over who he would fight and how much he would be paid.

“I’m the pound-for-pound number one [boxer] in the world,” The Athletic quoted Alvarez as saying. “I’m not scared of any opponent in the ring, and I’m not going to let failures of my broadcaster or promoters keep me out of the ring.

“I filed the lawsuit so I can get back to boxing and give my fans the show they deserve.”

The impasse seems to have come down to DAZN’s demand that Alvarez fight Gennadiy Golovkin a third time – which it believes would drive subscriptions – and the streaming service’s refusal to pay him a guaranteed $35 million unless he does.

The relationship between Alvarez and his handlers wasn’t perfect but it was working as recently as early this year.

Boxing Junkie’s No. 3 fighter pound-for-pound had agreed to face British super middleweight titleholder Billy Joe Saunders in May. He was to receive his guaranteed rate for that fight only because he agreed to face Golovkin four months later, according to The Athletic.

However, after the matchup was scrapped because of COVID-19 and no Alvarez-Golovkin fight was in sight, DAZN reportedly indicated it would not pay Alvarez $35 million for a fight against any opponent it deemed second-rate.

Alvarez was willing to discuss a compromise but DAZN, according to The Athletic, wasn’t willing to budge. That evidently led to the lawsuit.

Alvarez also has been at odds with Golden Boy, which he claims promised DAZN it would deliver a third Alvarez-Golovkin fight without consulting him first.

However, Golden Boy spokesman Stefan Friedman said no promises were made.

“Nobody from Golden Boy ever promised anyone that Canelo would fight any specified opponent,” Friedman told The Athletic. “We simply agreed to put on the kind of premier, history-making fights we worked on together in 2019. Canelo’s beef is with DAZN. They’re the ones refusing to honor the contract.”

The $280 million is the amount Alvarez believes he’s owed for the remaining eight fights on his original $350 million deal.

Canelo Alvarez wants to sever ties to Golden Boy, DAZN: report

Canelo Alvarez is suing Golden Boy and DAZN not only for monetary damages but also to sever ties with them.

Canelo Alvarez wants out.

The Mexican star has sued Oscar De La Hoya, Golden Boy Promotions and DAZN not only for $280 million in damages, he’s also seeking to sever ties with the promotional company and streaming service, according to The Athletic.

The complaint alleges breach of contract and intentional interference, according to the 24-page suit.

Alvarez hasn’t fought since he stopped Sergey Kovalev in the 11th round to win a light heavyweight title in November. Since then, with the coronavirus pandemic as a background, the fighter and his handlers reached an impasse over who he would fight and how much he would be paid.

“I’m the pound-for-pound number one [boxer] in the world,” The Athletic quoted Alvarez as saying. “I’m not scared of any opponent in the ring, and I’m not going to let failures of my broadcaster or promoters keep me out of the ring.

“I filed the lawsuit so I can get back to boxing and give my fans the show they deserve.”

The impasse seems to have come down to DAZN’s demand that Alvarez fight Gennadiy Golovkin a third time – which it believes would drive subscriptions – and the streaming service’s refusal to pay him a guaranteed $35 million unless he does.

The relationship between Alvarez and his handlers wasn’t perfect but it was working as recently as early this year.

Boxing Junkie’s No. 3 fighter pound-for-pound had agreed to face British super middleweight titleholder Billy Joe Saunders in May. He was to receive his guaranteed rate for that fight only because he agreed to face Golovkin four months later, according to The Athletic.

However, after the matchup was scrapped because of COVID-19 and no Alvarez-Golovkin fight was in sight, DAZN reportedly indicated it would not pay Alvarez $35 million for a fight against any opponent it deemed second-rate.

Alvarez was willing to discuss a compromise but DAZN, according to The Athletic, wasn’t willing to budge. That evidently led to the lawsuit.

Alvarez also has been at odds with Golden Boy, which he claims promised DAZN it would deliver a third Alvarez-Golovkin fight without consulting him first.

However, Golden Boy spokesman Stefan Friedman said no promises were made.

“Nobody from Golden Boy ever promised anyone that Canelo would fight any specified opponent,” Friedman told The Athletic. “We simply agreed to put on the kind of premier, history-making fights we worked on together in 2019. Canelo’s beef is with DAZN. They’re the ones refusing to honor the contract.”

The $280 million is the amount Alvarez believes he’s owed for the remaining eight fights on his original $350 million deal.