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by David P. Greisman - They are mortal enemies, and so it is only a matter of fate that they work against each other after less than two years of working with each other.
It is a matter of fortune – of millions of dollars – that has them working against each other again.
Golden Boy Promotions, headed by retired boxer Oscar De La Hoya, has sued Top Rank Inc., headed by longtime promoter Bob Arum. The lawsuit, filed last week at the U.S. District Court in Las Vegas, charges that Top Rank engaged in racketeering – making money illegally – by lying about the profits it made in three fights involving Manny Pacquiao.
Those profits were to have been shared with Golden Boy, pursuant to a legal agreement the promoters made back in 2007. Last week’s lawsuit alleges that Top Rank’s books were cooked and so Golden Boy was underpaid its portion of the profits.
This changes everything. This changes nothing. They are back to where they were before. They are officially back to where, recently, they have been unofficially.
De La Hoya and Arum were once partners. Top Rank had promoted De La Hoya from his first professional fight in 1992 on into the later years of his career. De La Hoya started his own promotional company in 2002 but continued to fight under and work with Top Rank through 2004, when the companies cooperated for the third and final bout between Erik Morales (then with Top Rank) and Marco Antonio Barrera (then with Golden Boy). [Click Here To Read More]
It is a matter of fortune – of millions of dollars – that has them working against each other again.
Golden Boy Promotions, headed by retired boxer Oscar De La Hoya, has sued Top Rank Inc., headed by longtime promoter Bob Arum. The lawsuit, filed last week at the U.S. District Court in Las Vegas, charges that Top Rank engaged in racketeering – making money illegally – by lying about the profits it made in three fights involving Manny Pacquiao.
Those profits were to have been shared with Golden Boy, pursuant to a legal agreement the promoters made back in 2007. Last week’s lawsuit alleges that Top Rank’s books were cooked and so Golden Boy was underpaid its portion of the profits.
This changes everything. This changes nothing. They are back to where they were before. They are officially back to where, recently, they have been unofficially.
De La Hoya and Arum were once partners. Top Rank had promoted De La Hoya from his first professional fight in 1992 on into the later years of his career. De La Hoya started his own promotional company in 2002 but continued to fight under and work with Top Rank through 2004, when the companies cooperated for the third and final bout between Erik Morales (then with Top Rank) and Marco Antonio Barrera (then with Golden Boy). [Click Here To Read More]
Jizz on my face
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