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MONEY MAYWEATHER SUES TOP RANK FOR BACK PAY
World welterweight champion Floyd Mayweather has filed a lawsuit in Nevada state court, claiming Top Rank shortchanged him in fights against Arturo Gatti and Zab Judah. According to the New York Daily News, Mayweather's deal called for him to receive 85% of Top Rank's revenues vs. Gatti and 80% vs. Judah. The lawsuit alleges that Top Rank has never provided an accounting of the revenue. The suit did no say exactly how much money Mayweather is seeking. Top Rank's principal is Bob Arum, while Mayweather's advisor is Al Haymon, and the two men don't seem to get along very well. source: NY Daily News
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So much for a Cotto-Floyd fight... -
When does Cotto's contract expire? Please sign with Golden Boy asap Cotto.Comment
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I smell bull****.. why now? I think he is doing it as an excuse not to fight ol boy..Comment
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Maybe Arum was bad mouthing Floyd and calling him a coward and ****, so Mayweather was like "Oh yeah? Where's my money *****"
Though it does seem a little fishy.Comment
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Well De La Hoya promises cash and Mayweather seems to have a good (business) relationship with De la hoya.
I'd bet Mayweather would fight him if Cotto was with De La Hoya.Comment
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Its true ya`ll
Floyd Mayweather sues for purses
by Tim Smith
daily news sports writer
Sunday, March 16th 2008, 4:00 AM
Floyd Mayweather Jr. has sued his former promoter, Bob Arum of Top Rank, claiming Arum still owes him money from his matches against Arturo Gatti in 2005 and Zab Judah in 2006.
The lawsuit, which was filed in Clark County (Nev.) District Court on March 7, seeks an accounting from those two fights and also claims that Arum breached his contract and did not operate in good faith.
Mayweather said his contract for the Gatti fight called for him to receive 85% of Top Rank's net revenues and his contract for the Judah fight called for him to receive 80% of the net revenues. He claims that Top Rank did not provide him the complete and final accounting for either fight despite repeated demands.
Mayweather does not specify an amount that he believes he is owed, but stipulates the statutory minimum of $10,000 for each of the five claims in the lawsuit. It is clear that he believes Arum shortchanged him much more than that for those two fights, which both did around 350,000 Pay-Per-View buys. Mayweather and his reps would not comment on the lawsuit.
"Under the advice of Floyd's counsel I can't comment on the complaint," said Leonard Ellerbe, Mayweather's adviser. "The complaint speaks for itself."
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