who knew that the WBC nearly went bankrupt because of Roy Jones and Michael Nunn?

Do you have reading comprehension problems? Nunn was fighting for the vacant title, he wasn't involved in the lawsuit and he wasn't the one who was supposed to be awarded 30 mio. They are talking about gracchiano. go you. spotted an obvious mistake and got red for it. well done.

In early 1998, Roy Jones, Jr. announced that he was relinquishing his WBC light heavyweight title. In response, the WBC ordered a bout between Graciano Rocchigiani from Germany and the former champion Michael Nunn to fill the vacancy, sanctioning it as a world championship match. On 21 March 1998, Rocchigiani won the fight and a WBC belt; in the subsequent WBC rankings, he was listed as "Light-Heavyweight World Champion". Jones, however, had a change of heart and asked if the WBC would reinstate him as the champion. In a move that violated nearly a dozen of its own regulations, the WBC granted the reinstatement. Rocchigiani received a letter from the WBC advising that the publication of his name as champion was a typographical error, and he had never been the official title holder. Rocchigiani immediately filed a lawsuit against the WBC in a U.S. federal court, claiming that the organization's actions were both contrary to their own rules, and injurious to his earning potential (due to diminished professional stature). On 7 May 2003, the judge ruled in Rocchigiani's favor, awarding him $30 million (U.S.) in damages and reinstating him as a former WBC champion (Rocchigiani had lost a bout since his WBC title match). The following day, the WBC sought protection by filing for Chapter 11 bankruptcy (i.e., corporate debt restructuring) in Puerto Rico. The organization spent the next 13 months trying to negotiate a six-figure settlement with Rocchigiani, but the fighter at first rejected the proposal. On 11 June 2004, the WBC announced it would enter Chapter 7 bankruptcy liquidation (i.e., business closing and total asset sell-off) proceedings, effectively ending its existence. This action prompted some in the boxing community to plead with Rocchigiani to settle the dispute, which he did in mid-July 2004. The WBC continues. __________________________________ maybe it was just me who didnt know lol. It says they awarded Nunn 30 million then it says WBC tried to settle a 6 figure settlement? that bits confusing. Do you have reading comprehension problems? Nunn was fighting for the vacant title, he wasn't involved in the lawsuit and he wasn't the one who was supposed to be awarded 30 mio. They are talking about gracchiano.

Wonder how much he settled for. All I could find was that the sum was never disclosed, but he rejected an initial settlement of 3.5 mill in 2003. suleiman made an offer, rocchigiani made a counter offer, wbc made another offer which was accepted. I'd guess 7m

I didn't it. Informative read. a lot of peeps didnt seem to know. the guy is a knob.

A big part of me wishes that Rocchi had buried the WBC. It was pretty well known already that the WBC was bent as a coat-hanger, and they left themselves open to be punished for their actions...but Rocchi couldn't follow through. I don't really blame him though - the boxing industry put so much pressure on him and his representatives to let the WBC live, and not taking a settlement would have impacted many careers and livelihoods. However, the WBC continuing to exist has impacted many careers and livelihoods - and their dodgy dealings (especially at the whim of Don King) continue to rot the sport from the inside out. The integrity of the green belt has been dead for a long, long time.

Dude everyone knew that. I didn't it. Informative read.

Nah something else would have replaced them. Another Org would have replaced them and as bad as the WBC is they're still better then the other 3.... that's not saying much but it's true.. Not a given but one could had only hoped that didn't happen. Lol $31 million. Probably way more than he earned in his career No wonder he retired almost straight after it :lol1: He didn't get 31 million. He was originally awarded 30 million by the court then settled for less as you can read in the op.

so, how much did Rocchigiani get in the end? $31 million. Probably way more than he earned in his career No wonder he retired almost straight after it :lol1:

WBC did it to themselves Shrewd observation.

He should had just buried the WBC instead of settling. It would had been one less organization/belt/money sucking leeches to deal with today. Another Org would have replaced them and as bad as the WBC is they're still better then the other 3.... that's not saying much but it's true..

That's the dumbest **** I have ever read

He should had just buried the WBC instead of settling. It would had been one less organization/belt/money sucking leeches to deal with today. Nah something else would have replaced them.

Dude everyone knew that.

WBC did it to themselves

this never happened! its fake news!!! wbc 4 lyfe!

so, how much did Rocchigiani get in the end?

He should had just buried the WBC instead of settling. It would had been one less organization/belt/money sucking leeches to deal with today.

Why the hell would the WBC do that? Why not just order a fight between Jones and Rochiganni?

The WBC is cheap still don't know how it's the main belt