Advertisement
Advertisement

Universum Announces Bankruptcy as Debts Mount

By Alexey Sukachev

It looks like once famed and powerful Universum Box-Promotion is on the brink of its final ten count. Tonight, Waldemar Kluch, the new owner of the world-known German team, revealed the bankruptcy, which has been held in Hamburg, Germany - the very heart of Universum. It was revealed by Kluch that he had filed the papers to begin the corresponding process (which is a long procedure in Germany) to be officially bankrupt. According to Kluch, he had found a number of open accounts, including at least 20 accounts with over 1.5 million euros in total. Kluch underlined he wouldn't pay for his predecessor's mistakes (Kluch's predecessor was Klaus-Peter Kohl) and not allow any more money to the black hole. He promised to take care of the fighters though.

To add more controversy to this already scandalous situation, former WBC middleweight champion Sebastian Zbik wasn't allowed to take part in the bankruptcy procedure. "He wouldn't have liked my questions for sure", twitted Zbik in his blog. Universum reportedly owes over 180,000 euros to Zbik for his fight with Felix Sturm. Erol Ceylan, another promoter who has some financial issues with the dying team, was also reportedly not allowed to take part in the presser.

Tags:
User Comments and Feedback (Register For Free To Comment) Comment by LacedUp'sDream on 11-21-2012

So the real reason outs why Boytsov ducked Fury after having had the Airich training camp,fair play to him.These rumours about his unprofessionalism I'd never heard about though,the dark eyes are explained now Haha,such a shame to see Boytsov slipping…

Comment by joe strong on 11-20-2012

hopefully boytsov can get out of his contract...

Comment by Hayehammer on 11-20-2012

boytsov is ****ed if nobody buys him out of his contract ! waldemar kluch says that boystov just doesnt want to fight but instead goes in bars in hamburg and drinks all night!

Comment by paulf on 11-20-2012

Thank god. Let these poor bastards out of their contracts already.

Comment by Freedom. on 11-20-2012

[QUOTE=killakali;12719604]do they still got a piece of Maidana?[/QUOTE]No, he's free. Golovkin is thankfully free too.

Post a Comment - View More User Comments (10)
Top Headlines Canelo Pleased To Reclaim Mexican Dates From Mayweather Deontay Wilder, Jarrell Miller Explodes - Heated Confrontation! Photos: Marriaga vs. Robb, Felix vs. Frankel - UniMas Weights Photos: Lucian Bute Putting in Work, Eager To Resume Career Brandon Rios' Manager: Top Rank Contract Ends in December Smith: Canelo Had To Go To 154 To Save Face Over Golovkin! Photos: Robert Guerrero, Alfredo Angulo, Terrell Gausha Ready Hands of Stone - Ramirez Credits Roberto Duran as Mentor Gilberto Ramirez Starts Next Stage, Aims To Return By Year's End Murat Gassiev: Lebedev Improved A lot Since Hiring Roach Abel Ramos faces veteran Juan Jesus Rivera in Phoenix, Arizona Chisora's Coach: Joshua is Better Than Fury, But Haye Beats Him Ishe Smith Discusses Training Camp, Fighting Frank Galarza Shakur Stevenson, Nico Hernandez To Get Honored at Home Smith: Canelo Ducked Golovkin, Talk of Pacquiao is Embarrassing! Mayweather Promotions' Titans of the Trade on September 17 Eubank Jr: Saunders is Extremely Boring, I Want 50-50 For Rematch Karim Mayfield Vents Over Bakhtiyar Eyubov Loss, Wants Rematch Marrero Reflects on Latest Win, Remains in Pursuit of Zambrano Burns-Relikh Title Fight Confirmed For October 7 in Glasgow Demetrius Andrade Ready For Culcay in Germany, SHO on Board? De La Hoya is Firm: Canelo Will Out-Sell Both Pacquiao Fights! Golovkin's Coach Rips Carl Froch: He Retired, Didn't Back Up Talk Daily Bread Mailbag: Golovkin, Ward, Kovalev, Team USA, More Mike Lee Faces Chris Traietti, September 30 at UIC Forum Juan Manuel Lopez Medically Cleared To Fight Wilfredo Vazquez Carlos Sanchez Aims To Continue KO Streak in Montebello Golovkin-Brook: Callum Smith, Kid Galahad, McDonnell Added Brook Baits Golovkin: You Want Respect? Show Me That Power! Avni Yildirim Ready For Aaron Pryor Jr. Clash in Berlin Despite Backlash, Luis Ortiz Envisions Brighter Future Williams on Brook Sparring: He's on Another Level To Golovkin! Jose Felix Pumped For Return, Hopes To Get Terry Flanagan Canelo, Conor McGregor Trade Words Over 'Cherry Picking' Claim Cuadras: Chocolatito Has an Appointment With a Knockout Photos: Christian Gonzalez, Edgar Valerio, Nava Open Workouts Photos: Danny Roman, LaRon Mitchell Ready For 'New Blood' Photos: Guerrero vs. Peralta, Angulo vs. Hernandez Face To Face Roberto Duran's 'No Mas' Trunks Hit The Auction Block Photos: Tishchenko Honored For Gold Medal By Vladimir Putin
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement