More scumbag promoters in boxing. I figured as much. The sport needs to be cleaned up. The business of sport is always shady, but I don't think it gets any worse than boxing.
[Breaking News]GBP in DEEP ****..
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I know, now that it is pubic knowledge, they should be pissed that they got shafted so to speak. They will have to pay on money that they never receivedComment
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Why did HBO pay 750K for this crap fight? That makes no sense to me. Were they also in on this fraud with GBP?Comment
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I'm not trying to make excuses here for GBP, but doesn't HBO just deal directly with them? The fighters are Golden Boy's employees sort of speak, doing what they're told (and that's not right, but for the sake of this argument that's the unfortunate case). So HBO offered this amount to Golden Boy for the fight, Golden Boy turned around and paid less to the fighters and pocketed the difference. This is shady, but not illegal. So that's like a contractor being paid say $1000 by the customer, but paying only $100 to the employees who actually did the job.
What is illegal, however, is reporting that they paid them that amount when they didn't. The contractor can't file taxes claiming that they paid their employees the $1000.
Again, I could care less about the promoter's interests, I'm on the boxers' side 100%, I'm just trying to make sense of all this.
I guess my question now is, are the fighters legally entitled to the full amount that HBO offered for the fight, or does the promoter make the final decision of how much of that amount to actually give the fighters?Comment
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But to me what is real shady is HBO paying 750K for Ortiz-Campbell on a Boxing After Dark broadcast. Does that make any sense?I'm not trying to make excuses here for GBP, but doesn't HBO just deal directly with them? The fighters are Golden Boy's employees sort of speak, doing what they're told (and that's not right, but for the sake of this argument that's the unfortunate case). So HBO offered this amount to Golden Boy for the fight, Golden Boy turned around and paid less to the fighters and pocketed the difference. This is shady, but not illegal. So that's like a contractor being paid say $1000 by the customer, but paying only $100 to the employees who actually did the job.
What is illegal, however, is reporting that they paid them that amount when they didn't. The contractor can't file taxes claiming that they paid their employees the $1000.
Again, I could care less about the promoter's interests, I'm on the boxers' side 100%, I'm just trying to make sense of all this.
I guess my question now is, are the fighters legally entitled to the full amount that HBO offered for the fight, or does the promoter make the final decision of how much of that amount to actually give the fighters?
Thomas Hauser brought this whole episode up earlier: http://www.secondsout.com/features/main-features/why-Comment
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