GBP preparing to file suit against Haymon

[!! Shawn]

I don't see this going anywhere. Haymon is an "advisor". His fighters have their own managers and GYM, Dibella, Warriors, etc. are the promoters.

He's maneuvered his way around it.

I dont think he can win, the second he started negotiating the TV deals, he is no longer acting as manager/advisor.

PBC places him in a place where he is very clearly violating the intent of the Ali act.

[In Motion]

I dont think he can win, the second he started negotiating the TV deals, he is no longer acting as manager/advisor.

PBC places him in a place where he is very clearly violating the intent of the Ali act.

How if he's using legitimate boxing promoters to promote those shows?

[Sugar Adam Ali]

I dont think he can win, the second he started negotiating the TV deals, he is no longer acting as manager/advisor.

PBC places him in a place where he is very clearly violating the intent of the Ali act.

What I don't get, is how this law doesn't apply to mma, where every promoter does this (ufc, bellator, strike force, legacy, wsof, shark fights, etc)

I'm no lawyer, so I will let the courts decide, but if I'm haymon, that's the question I would be asking of the court.

[HeroBando]

What I don't get, is how this law doesn't apply to mma, where every promoter does this (ufc, bellator, strike force, legacy, wsof, shark fights, etc)

I'm no lawyer, so I will let the courts decide, but if I'm haymon, that's the question I would be asking of the court.

You just answered your own question. Haymon is not supposed to act as a promoter, that is the Ail act

[OnePunch]

I don't see this going anywhere. Haymon is an "advisor". His fighters have their own managers and GYM, Dibella, Warriors, etc. are the promoters.

He's maneuvered his way around it.

Haymon is a licensed manager. He can call himself a "snake charmer" if he wants to, bottom line is that he is a licensed manager.

[!! Shawn]

How if he's using legitimate boxing promoters to promote those shows?

He as a manager is not allowed to receive money for promotion, nor is he allowed to have a vested interest in the promoters, or pay the promoters. The manager is to be paid by the fighter, from purses paid by the promoter.

He is bringing the money to the table, that is a violation of the Ali Act.

You can go read the act, it is very very short by legal standards, and is very clear.

‘(1) IN GENERAL- It is unlawful for--

‘(A) a promoter to have a direct or indirect financial interest in the management of a boxer; or

‘(B) a manager--

‘(i) to have a direct or indirect financial interest in the promotion of a boxer; or

‘(ii) to be employed by or receive compensation or other benefits from a promoter, except for amounts received as consideration under the manager’s contract with the boxer.

I dont think its disputable that Al Haymon has a direct, or indirect financial interest in the promotion of a boxer.

He has a $400+ Million dollar financial interest in the promotion of boxers now.

[El Campesino]

Haymon doesn't even need lawyers. He has posters on here who have already won the case.

Case dismissed!

Nobody pays attention to their jive a$$ turkey jibberish.

But I guess they feel like if Al Haymon is getting sued, they're getting sued, .

If big bro Mayweather is rich, it's like they're rich too, .

[Nay_Sayer]

He is bringing the money to the table, that is a violation of the Ali Act.

Unless Goldenboy can produce checks signed by Haymon paying promoters then they don't have a case...

[OnePunch]

Haymon has never been the lead promoter of a fight. And the rest is speculation because neither of us know what a Haymon contract looks like.

But Haymon is a Harvard law graduate and probably has a group of other Harvard Law graduates drafting his contracts and reviewing his business model.

He's not ******

Haymon controls all the revenue from the event, and pays a flat fee to the "promoter" (basically a glorified event coordinator in this case)

There is a valid argument that having full control of all event revenue makes Haymon a de facto promoter.

[Tay Roc]

Nobody pays attention to their jive a$$ turkey jibberish.

But I guess they feel like if Al Haymon is getting sued, they're getting sued, .

If big bro Mayweather is rich, it's like they're rich too, .

You didn't know? Bobby Schmurda, Mr. 117-111, and company are all co-defendants with Haymon. They're representing themselves pro per.