Hearn Reacts To Warren Comment, Legal Suit Looms?
At a press conference hosted by Frank Warren on 3rd September 2013, when referring to the administration of his company, W. Promotions Limited (formerly Frank Warren Promotions Limited), Mr Warren stated:-
“It's not just us, I think Matchroom Boxing went into Administration last week, errr, I’m sorry went into, errr, some form of … they wound it up last week.”
In response, Barry Hearn, Chairman of Matchroom Sport Limited said:
"Mr Warren's comment about Matchroom Boxing is untrue and misleading. He has suggested that one of my businesses has been closed due to insolvency, when that is simply not the case.
"By saying "it's not just us", Mr Warren has sought to compare Matchroom to his own insolvent company, W. Promotions Limited, which was put into administration last month owing, what is thought to be, over £3m to creditors (according to the company's Administrators).
“This follows the liquidation of Frank Warren’s previous trading vehicle, Sports Network Limited, which had reported creditors of over £5.5m.
"I feel strongly that Mr Warren's statement should be corrected as I have never wound up or put any company into Administration owing money to creditors. All of our boxing business is run through the parent company, Matchroom Sport Limited, which has been trading successfully for the last 31 years. Matchroom Boxing Limited was a subsidiary company which was dissolved with no creditors, having been dormant for nearly ten years.
“Given the misleading and potentially defamatory nature of Mr Warren's comments our lawyers have written to him asking that he correct his comments and make a donation to the British Boxing Board Charity. Having been given 7 days to respond he has failed to do so.”
Fingers crossed Fish Eyes goes out of business.Comment by parrish duke on 09-23-2013
Frank Warren, very shady individual. Stole Millions from Mike Tyson - Don King - Bob Arum - the younger promoters are more fair, and respect the fighters more. These dinosaurs need to be converted to fossil fuel.Comment by Clegg on 09-23-2013
I wasn't even aware that another one of Warren's companies went out of business owing yet more millions to yet more people. I remember him using that trick a few years back to screw Calzaghe, I wonder if any other…Comment by Fighting TalkTV on 09-23-2013
The whole Matchroom vs Warren fiasco could be as damaging for British fans as the top rank vs goldenboy feud is for americans there are fights that wont get made due to this. I hope the needle between them subsides…Post a Comment - View More User Comments (4)