Comments Thread For: Golden Boy Files Official Lawsuit Against Al Haymon

[OnePunch]

I know what ur saying. How I see it though, is that as long as their is a licensed promoter involved in all necessary aspects of staging events, technically theyre in accordance with the law.

the Ali Act is pretty specific when it states that a manager cannot profit from the promotion of a boxer. Seeing that Haymon pockets all the ticket money and ad revenue, I dont see any other inference that could be drawn other than that he is in violation.........


(b) FIREWALL BETWEEN PROMOTERS AND MANAGERS-

***8216;(1) IN GENERAL- It is unlawful for--

***8216;(A) a promoter to have a direct or indirect financial interest in the management of a boxer; or

***8216;(B) a manager--

***8216;(i) to have a direct or indirect financial interest in the promotion of a boxer; or

***8216;(ii) to be employed by or receive compensation or other benefits from a promoter, except for amounts received as consideration under the manager***8217;s contract with the boxer

[Barcham]

I know what ur saying. How I see it though, is that as long as their is a licensed promoter involved in all necessary aspects of staging events, technically theyre in accordance with the law.

No they are not. Because Haymon is the one pulling the strings of that promoter, Haymon is the one issuing the purse cheques to the fighters, as shown clearly by JCC Jr after his recent beating. As a manager/advisor, Haymon is not permitted to have any say in the promotion of the fight in any way, shape or form. This is all explained in an earlier post someone made and I have no reason to go over it again for those unable to follow along properly.

[Scipio2009]

the fighters can refuse the fights and say no get me harder competition they don't really care about fighting the best and that goes for all these fighters and promoters duva arum Hearn all make **** fights they try and make haymon seem like this devil just look at how arum kept talking trash whole time about haymon before Floyd and manny fought you would think he wouldn't wanna do business with him again right nope they are willing to do rematch its all smoke and mirrors because haymon stays behind scenes and let's the fighters get the glory doesn't take away from they shine haymon doesn't talk to media or defend himself he obviously don't care what people think of him all his fighters are happy with job he doing with they careers or else they would go sign with a promoter someone name a fight haymon stopping from getting signed

would hold off on throwing Hearn into the conversation of promoters trashing Haymon. I've never seen a negative word about the man come out of Hearn's mouth and Hearn has fighters featured on the next three Haymon-affiliated shows (Degale against Dirrell, Burns against Figueroa, and Kell Brook's fight on Showtime).

You add that Jack-Groves (signed with Sauerlands, who have a working partnership with Hearn) is in the wings, Kell Brook is as viable an opponent for Floyd's last fight as any, Brook-Khan is still the biggest money fight for his fighter, and he's got a young talented heavyweight on the rise (Anthony Joshua, mbe) who may have the talent to emerge as a massive star in the US and UK, and Hearn has made out pretty good in his Haymon relationship tbh

[SchoolTheseCats]

If you truly think that HBO would block Kovalev-Stevenson just so they can show Kovalev-Mohammed, then you have lost your mind.

Duva stated HBO has first right to refusal for any fight after kova mando that's why she didn't go through with purse bid she requested and will now only do fight if it's on HBO only

[SchoolTheseCats]

would hold off on throwing Hearn into the conversation of promoters trashing Haymon. I've never seen a negative word about the man come out of Hearn's mouth and Hearn has fighters featured on the next three Haymon-affiliated shows (Degale against Dirrell, Burns against Figueroa, and Kell Brook's fight on Showtime).

You add that Jack-Groves (signed with Sauerlands, who have a working partnership with Hearn) is in the wings, Kell Brook is as viable an opponent for Floyd's last fight as any, Brook-Khan is still the biggest money fight for his fighter, and he's got a young talented heavyweight on the rise (Anthony Joshua, mbe) who may have the talent to emerge as a massive star in the US and UK, and Hearn has made out pretty good in his Haymon relationship tbh

I never said Hearn trashed haymon I said he does more talking and makes fighters signed to him look like a fool like arum and duva have been lately this whole frampton rigo quigg situation

[mathed]

Lol you guys crack me up look at the debacle arum and co just did to pacman was haymon a crook when him and Schaffer was keeping GB afloat and winning Cold War while Oscar was out snorting coke and putting on his hookers clothing other then the pac vs Marquez series it was haymon and Schaffer that had hands in biggest fights during that time frame just look at all the posters that comments are negative about haymon they all hate Floyd anyone associated with Floyd automatically gets dislike lol you guys true colors are showing

Dude, all the stuff you are saying can be attributed to the fact that ODLH partnered up with Arum and you don't like them because you hate Pacquiao.

Sure, Arum is a greedy promoter and ODLH maybe a cokehead, none of this detracts from the fact that Haymon serves as both promoter and adviser for the majority of his boxers. Putting all opinions of his show quality aside, he has made a lot of enemies and when someone pursues a lawsuit of this magnitude, they have likely been told that they stand a fair chance to win.

[Eff Pandas]

one must also ask just how committed Waddell & Reed are regarding their continuing investment in PBC. Do they really want the DOJ & SEC looking up their rear ends with a microscope over an entity that represents less than 1% of the funds assets?

I gotta figure this was an expenses added to the investment or an added investment agreement was made in the event this sorta **** came up.

The business model Haymon sold these investors on includes undermining & eventually stripping the power of alphabet groups & promoters who currently run the sport. This PBC deal is an attempted coup to overthrow them basically. If Haymon has been following boxing for as long as it seems & is as smart as people keep saying he knew this would happen & informed his investors.

[Scipio2009]

I think one of the significantly relevant points will be that even though he retains a "promoter" on paper to run the event, Haymon pays that "promoter" a flat fee, but it is Haymon that receives and controls all the advertising and ticket revenue. That makes Haymon a de facto promoter, in direct violation of the Ali Act.......

Haymon sells the TV ads because PBC fronted the costs of actually broadcasting the events, therefore it'd make sense for them to recoup some of their own money via selling commercials.

I sincerely doubt that PBC picked up any money from the ticket sales of the recent PBC events (from the look of it, you seem to be conflating Haymon's involvement with Floyd Mayweaher Jr, where Mayweather Promotions ended up with 25% of the tickets, some share of which likely went to Haymon, to Haymon's PBC efforts).

Just look at the recent Garcia-Peterson fight card; Haymon definitely tied in with NBC marketing the event across their channels and Corona being the title sponsor of the event, but Lou DiBella and dBe did the rest of the work.

Dibella secured the deal with Barclays Center (likely greased along by Haymon), Dibella handled all of the local logistical issues for the fight, Dibella marketed the event across the entire NYC media market, Dibella worked to put the fighter's faces/personalities/stories on every outlet that he could think of, and Dibella filled out the rest of the fight card with matchups that would draw in the NYC-area fight fan.

Dibella did his work on his budget, with the downside risks covered, and delivered the fight card, making his company's own money off of the difference between his costs and the fee.

[Scipio2009]

Haymon has promoters, are the promoters the ones organizing the events?

Let's explore..

The Sports Business Daily article describes how it's cutting promoters out:



It's Haymon and his investors who are meeting with television executives...



Haymon and his invesors are the ones getting the rights fees, dealing with sponsors...







It's the Haymon/PBC "brand" that they're building...





And it's Haymon and his investors that are the ones paying for...







And it's Haymon's aim to get a collection of fighters for a TV deal rights:





And who's making the decisions about ticket prices, etc? ...




http://www.sportsbusinessdaily.com/J...epth/Main.aspx

Haymon isn't running around, venue to venue, negotiating deals. Haymon isn't dealing with the insurance questions that can differ, commission to commission. On near all of the nuts-and-bolts questions that come with actually staging the fight, Haymon seems to differ to the local promoter, covering the expenses and paying the fee at/after the event.

PBC is basically a unifying TV enterprise, to sell content to advertisers in a more straightforward package. PBC is only showing boxing cards, but the concept isn't much different from Sp1keTV's Friday Night Light Out series.

When Friday night comes, Sp1ke is working to have their audience turn to them for fights, be they boxing, mma or kickboxing.

PBC wants the general sports fan to connote premium boxing contests with the 'PBC' brand, whether the show is ostensibly put on by Goosen Promotions, DiBella Entertainment, Warriors Boxing, GYM, or any other promotional outfit.

[Build That Wall]

This suit is going to fail miserably.