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Initial pretrial conference between the parties to the suit of the Russian businessman and boxing promoter, Andrey Ryabinskiy against Don King, a US based promoter, is set to take place on July 23, 2014, at the US District Court southern District of New York. As part of this conference the judge will determine the order of procedural actions.
The long-awaited rematch for the WBA world title between the Russian heavyweight Denis Lebedev and a Panamanian Guillermo Jones, failed to take place as scheduled for April 25, 2014 in Moscow. 3 hours before the bout, WBA announced the results of the once again positive doping tests of Jones, again coming up with furosemide. WBA issued a resolution cancelling the fight. Later Andrey Ryabinskiy, Russian businessman, the organizer of the fight, filed a lawsuit against the American promoter Don King.
A year earlier, in May of 2013, when the Russian promotion company World of Boxing, owned by Andrey Ryabinskiy, organized the fight between Lebedev and Jones, the Panamanian won, but Jones’ doping tests came up with furosemide and the title was returned to Lebedev, however WBA ordered a rematch.
Negotiations with Don King about a rematch lasted almost a year. Only at the end of February of 2014, parties entered into an Agreement in Principle and an Addendum thereto. In March, the parties also signed an Escrow Agreement, with part of its conditions, as insisted on by the American promoter, setting out the transfer of a significant part of his fee before the arrival of team King and Jones to Moscow, and the remained to be transferred after the bout. However, after the fight failed to take place, Sun Trust Bank (“SunTrust”), acting as the Escrow Agent, based on the statement from King, failed to satisfy the requirements of World of Boxing for the return of funds, referring to the objection made by King as well as the contentious situation. Resolution of this matter will be challenged in court, as part of the lawsuit filed by Ryabinskiy. [Click Here To Read More]
The long-awaited rematch for the WBA world title between the Russian heavyweight Denis Lebedev and a Panamanian Guillermo Jones, failed to take place as scheduled for April 25, 2014 in Moscow. 3 hours before the bout, WBA announced the results of the once again positive doping tests of Jones, again coming up with furosemide. WBA issued a resolution cancelling the fight. Later Andrey Ryabinskiy, Russian businessman, the organizer of the fight, filed a lawsuit against the American promoter Don King.
A year earlier, in May of 2013, when the Russian promotion company World of Boxing, owned by Andrey Ryabinskiy, organized the fight between Lebedev and Jones, the Panamanian won, but Jones’ doping tests came up with furosemide and the title was returned to Lebedev, however WBA ordered a rematch.
Negotiations with Don King about a rematch lasted almost a year. Only at the end of February of 2014, parties entered into an Agreement in Principle and an Addendum thereto. In March, the parties also signed an Escrow Agreement, with part of its conditions, as insisted on by the American promoter, setting out the transfer of a significant part of his fee before the arrival of team King and Jones to Moscow, and the remained to be transferred after the bout. However, after the fight failed to take place, Sun Trust Bank (“SunTrust”), acting as the Escrow Agent, based on the statement from King, failed to satisfy the requirements of World of Boxing for the return of funds, referring to the objection made by King as well as the contentious situation. Resolution of this matter will be challenged in court, as part of the lawsuit filed by Ryabinskiy. [Click Here To Read More]
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