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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.

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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 Arthur Dayne 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.

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