http://espn.go.com/nba/story/_/id/11141594/golden-boy-files-50m-suit-former-ceo-richard-schaefer
Last week, Golden Boy filed an arbitration for $50 million in damages against Schaefer, who resigned as CEO earlier this month, a source with knowledge of the filing told ESPN.com on Thursday.
Other than the dollar figure it is asking for, it is unclear what Golden Boy is accusing Schaefer of, although much of the public discussion surrounding his leaving the company has centered on the fact that he regularly put fighters advised by Al Haymon on major cards even though Golden Boy did not have them under promotional contract, which angered De La Hoya.
And you asked why Bob was sitting back and waiting?
Has nothing to do with Haymon, seems to me like it is all about Canelo and the up and coming Trial over All Star Boxing vs Golden Boy Promotion and it seems like they are setting up Schaefer to take the fall for that ugly situation.
The timing off this all right before that All Star Boxing vs GBP trial makes this all look a bit strange.
The FANS and media people are the ones just assuming it is over Haymon but I am starting to think it is because of the fact that they STOLE Canelo from All Star Boxing and they are likely going to lose some money from that Trial as well
I don't think people realise how stupid they look every time they say ''Ha, they must think they're an accountant, lawyer, banker etc.''; the only thing the statements reveal are your own shortfalls.
It is not difficult for people to read, research and reach logical conclusions; that people find the concept outlandish is pitiful.
You guys miss the point. It's funny because after all the "research " you guys do the conclusion is always whoever is associated with Floyd is not in the wrong. :lol1:
Or you guys pull the race card. Comedy
I don't think people realise how stupid they look every time they say ''Ha, they must think they're an accountant, lawyer, banker etc.''; the only thing the statements reveal are your own shortfalls.
It is not difficult for people to read, research and reach logical conclusions; that people find the concept outlandish is pitiful.
Exactly...like its cool to be dumb and ignorant. That kinda **** is pathetic cronyism.
I don't think people realise how stupid they look every time they say ''Ha, they must think they're an accountant, lawyer, banker etc.''; the only thing the statements reveal are your own shortfalls.
It is not difficult for people to read, research and reach logical conclusions; that people find the concept outlandish is pitiful.
Business administrators, tax attorneys, event coordinators, managers, promoters, ped experts, cpa's, nutritional experts, lawyers..these are some of the various professions in wich the f10m05 are now exceptionally adept at.
No longer are they thugs/gangsters from the hood, they have evolved in to modern business professionals.
As Mayweather changes his persona, they do too.
Business administrators, tax attorneys, event coordinators, managers, promoters, ped experts, cpa's, nutritional experts, lawyers..these are some of the various professions in wich the f10m05 are now exceptionally adept at.
No longer are they thugs/gangsters from the hood, they have evolved in to modern business professionals.
lmao true true
What grown man who hates Mayweather still appears in every single Maywether thread SMS writes "Didn't read LOL, bet it's just Floydidiots". Every single time.
That is most sad of all.
Exactly. :nonono: :nonono:
Get at me when it goes from arbitration to litigation, because this would just be the first part of a trek that will take years to sort out.
You know who wins between a legal battle between a company and their former CEO, the lawyers and the competitors. It is part of why Oscar whole scheme was ill-conceived in the first place because this was the only place it was going to go and what can be gained back is much less than what will be lost (if anything can be gained).
People should perhaps pay more attention to the timing of events. I think Schaefer official left the company after Arum revealed De La Hoya's concerns; what that makes me believe is that Richard was waiting for De La Hoya to breach the contract first.
He may try arguing something along the lines of being constructively dismissed, as in employment contracts there are implied terms of good faith trust and so forth. By making allowing the information to go public, Richard may argue that Oscar broke a trust between them, and created an environment where he could no longer be expected to fulfil his contractual obligations due to the beakdown in their relationship.
To be honest, it looks as though Schaefer has acted in a very shrewd and calculated manner; I suspect that it will be difficult for Oscar to pin anything on him. Much of it is Oscar's own fault: had he abstained from getting coked up, he could have kept a watchful eye over Schaefer in order to prevent him covering his back.
Duva made the claims first, so I'm not sure Arum had anything to do with it.
People should perhaps pay more attention to the timing of events. I think Schaefer official left the company after Arum revealed De La Hoya's concerns; what that makes me believe is that Richard was waiting for De La Hoya to breach the contract first.
He may try arguing something along the lines of being constructively dismissed, as in employment contracts there are implied terms of good faith trust and so forth. By making allowing the information to go public, Richard may argue that Oscar broke a trust between them, and created an environment where he could no longer be expected to fulfil his contractual obligations due to the beakdown in their relationship.
On my phone so can't write much.... But somebody should make a timeline
Alright lawyer Scene, is Oscar alleging Schaefer was under contract until 2018?
People should perhaps pay more attention to the timing of events. I think Schaefer official left the company after Arum revealed De La Hoya's concerns; what that makes me believe is that Richard was waiting for De La Hoya to breach the contract first.
He may try arguing something along the lines of being constructively dismissed, as in employment contracts there are implied terms of good faith trust and so forth. By making allowing the information to go public, Richard may argue that Oscar broke a trust between them, and created an environment where he could no longer be expected to fulfil his contractual obligations due to the beakdown in their relationship.
To be honest, it looks as though Schaefer has acted in a very shrewd and calculated manner; I suspect that it will be difficult for Oscar to pin anything on him. Much of it is Oscar's own fault: had he abstained from getting coked up, he could have kept a watchful eye over Schaefer in order to prevent him covering his back.
Alright lawyer Scene, is Oscar alleging Schaefer was under contract until 2018?
well he"s already stated that numerous times. that goes without saying.
Im failing just like you failed @ being a "lawyer" IRL.
I see you're contributing some insightful info as well.
These boards are serious business.
How are you gonna call someone else a lame but here you are trying to prove who you are on a message board. Offering phone numbers and sh*t. Nobody cares about who you are.
I think A&P might have nicer rings but I dont think he could afford those. :lol1:
And speaking of grammar, the so called lawyer cant even put a post together. I thought they were supposed to be smart? :lol1:
Oh, u show your face again, clown. I'm waiting for u to add something positive to the thread. Are u gonna show me how I failed? I'll wait...again...it's been like 12 hrs. I'm still waiting for your simple minded ass to say something worth a Damn.
Haven't finished reading the first post but the title reeled me in...
GOLDEN DIVORCE
sounds like a Game of Thrones episode lol. Al Haymon is Little Finger, that sneaky bastard. Richard Schaefer is Varys of course, and Arum is King Joffrey( Rip OG J).
That retard got his balls in a twist because I said he worked at Taco Bell :rofl:
Seriously who gives someone their number to tell them how much money they have :sad:
http://i58.tinypic.com/dbqm9x.jpg
Im failing just like you failed @ being a "lawyer" IRL.
I see you're contributing some insightful info as well.
These boards are serious business.
How are you gonna call someone else a lame but here you are trying to prove who you are on a message board. Offering phone numbers and sh*t. Nobody cares about who you are.
I think A&P might have nicer rings but I dont think he could afford those. :lol1:
And speaking of grammar, the so called lawyer cant even put a post together. I thought they were supposed to be smart? :lol1:
That retard got his balls in a twist because I said he worked at Taco Bell :rofl:
Seriously who gives someone their number to tell them how much money they have :sad: