I dont know the specifics of that transaction, but the only time a promoter can take a percentage of a fighters purse is in a purse bid situation, where they made a good faith effort but did not win the bid. Most promotional contracts in that situation call for 20% or so to go to the promoter. THAT specific scenario is permissible under the Ali Act, because the promoter was not involved with the promotion. Provision of services agreements are another way a promoter can get paid when its not his show. For example, I co-promoted the Winky Wright vs Ike Quartey fight years ago. Golden Boy was the lead promoter and had the HBO date. Quartey was with Dibella, Golden Boy paid Dibella a "provision of services" fee (xxxx) for the services of Quartey, and then Dibella had his own contract with Quartey for say (xxxy), These are made up numbers because I cant disclose the actual numbers, but for example you could say Golden Boy paid Dibella $500k for Quartey, and then Dibella paid Quartey say $425k. Again, made up numbers, but you get the idea.
on the other matter, I didnt read the full decision in Kathy and Bob's case, but I did read it in the Golden boy case. And what the judge said in the Golden Boy case was that it didnt matter whether or not Haymon was violating the Act, and the judge did not rule on that. What he said was that even if Haymon WAS violating the Act, Golden Boy did not prove how they were damaged by that violation, therefore the case was dismissed. I thought the way the judge worded it pretty much proved that Haymon was violating the Act, but there was nothing that judge could do about it. Golden boy didnt prove damages, and enforcement of the Ali Act is for the Justice Dept or state commissions to pursue, and they are simply not interested
Comments Thread For: Andy Cruz Files Lawsuit Against New Champions Promotions, Cites Breach Of Contract, Violation Of Ali Act
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Damn you did well in the first paragraph but just had to go off the deep end in the second one. It's funny how all you key lawyers are privy to more info than a United States District Court. Remember Bob and Oscar sued Al for violation of the Ali Act and not only did the case get thrown out of court it got laughed out of court as well. But whatever suits your narrative have at it loser. Hahahaha
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Most of his fanbase arent Mexicans, he literally cashed out his influencer niche before it was late and it paid.Leave a comment:
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Basically the same thing with : Why would or how dare black people/women want more than the bottom of the barrel rights after slavery/not having rights.Leave a comment:
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When Ryan is gone from GBP he will lose a significant portion of his market share.. pay attention, Mexican fans were already booing him at the Duarte fight in Houston. Oscar is idolized and respected, Ryan is viewed as a bytch by Mexicans.Leave a comment:
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Haha. This is how bad the other companies are compared to PBC. Eddie and Oscar were so giddy when Showtime went out of biz because they just knew that all of Al"s fighters were going to have to cross the street and sign with them because they had no network. But much to their chagrin not one fighter crossed over, instead they opted to stick with Al to get the Amazon deal and are now waiting for the second network deal to drop. Thanks Al Haymon! Hahahaha
I think the biggest problem some ppl have with Al is the disruption to the status quo he brought. He showed the lack of value promoters bring to a fighters career esp when you have a name. Absolutely zero ticket sellers let alone PPV level guys need long term promotional agreements.
Hell these days with social media a boxer even does most of the heavy lifting with making themselves bigger off of TV. Promoters just got the TV deals so you get seen & can usually get you better opps on the way up to let you show how good you are sooner.Leave a comment:
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