Warren's Sports Network in Administration!

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  • smellmycheese
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    • Apr 2009
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    #1

    Warren's Sports Network in Administration!

    From the BBC Today:


    The boxing promotion company Sports Network Limited has gone into administration, BBC Sport has learned.

    The news follows last month's High Court case, which ordered Sports Network Limited to pay former world champion Joe Calzaghe £1.8m.

    Calzaghe launched his High Court case after falling out with Sports Network Limited chief executive Frank Warren.

    Calzaghe, owed money from his bout with Bernard Hopkins, has now instructed his lawyers to recover the funds.

    "We are in contact with the administrators to ensure that there is a full and rigorous investigation of Sports Network's assets," said Andrew Forbes, Calzaghe's solicitor.

    "Joe will pursue every angle to make sure he is paid the money he's owed and to put an end to this sorry episode, which blights his retirement and extraordinary legacy in the ring."

    Calzaghe added: "No one ever took my titles from me in the ring and I am not about to let anyone take away the money that I earned in it for my family."

    The 37-year-old Welshman retired undefeated in February, with 46 wins from 46 fights.

    The Newbridge fighter held the WBO, WBA, WBC and IBF super-middleweight belts during a professional career that lasted 18 years.

    A spokesman for Sports Network Limited told the BBC: "Sports Network Limited has been placed into administration. Sports Network Europe and Frank Warren Promotions will continue trading as normal."
  • Ray*
    Be safe!!!
    Franchise Champion - 20,000+ posts
    • Jul 2005
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    #2
    Yes!!!! finally..prayers gets answered sometimes.

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    • Chew BackAtacha
      Interim Champion
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      • Jul 2008
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      #3
      this is actually bad news, a lot of boxers could be affected

      like him or love him, warren has a lot of up and coming fighters under his wing

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      • The_Visitation
        Undisputed Champion
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        • Nov 2008
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        #4
        Originally posted by Chew BackAtacha
        this is actually bad news, a lot of boxers could be affected
        Only those owed money. And any Warren wants to keep will get theirs, from his own funds if necessary. Otherwise it makes no difference, one company going under doesn't mean Warren isn't still there.

        It might even be an opportunity for some who found Warren wasn't working out for whatever reason; they'll have an opportunity to jump ship to Hayemaker, Hennessy, etc.

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        • Savino
          Slaughterhouse
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          • Feb 2008
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          #5
          Hopefully fishface can sort it out and put on some good cards in the UK.

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          • Mugwump
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            • Feb 2008
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            #6
            It's a dodge to delay paying Calzaghe, IMO. Notice that Sports Network Europe and Frank Warren Promotions remain operational. Warren will have transferred funds into those two businesses.

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