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

[bigdunny1]

Ill definately be following this case. But the fact is Haymon does indeed have promoters to stage these events. And if all the necessary contracts are in place at the time of these events, its legal, especially when the fighters themselves sign for a fight. Haymon seems to have his bases covered. Oscars definition of "best interests" might be completely different from the courts definition...with more emphasis on "interests". Not sure Oscar has a case here imo. Oscar shouldve never had that lunch with Bob after rehab.

People still think his rift with Schaefer was because of meeting with Bob? His beef was that behind Oscar's back he was funneling all Golden Boy fighters directly into Haymon. He had an aliance with Haymon that superseded what was in the best interest of Oscar's company. Guys with contracts weren't being resigned and operating on a handshake deal with Haymon. Schaefer is a rat who back stabbed Oscar. Once Oscar found out what was going on with Haymon he started asking questions and when the owner of a company is doing interviews saying he doesn't even know how many fighters in his company are actually signed that's a problem. And I don't know how well Haymon's bases are covered he's been getting sued left and right and he is being forced to pay. Oscar made him pay 10mil and Bob made him pay for Chavez Jr after everyone on here said Bob has no case and won't get a dime.

[Kagami Taiga]

[/B]
People still think his rift with Schaefer was because of meeting with Bob? His beef was that behind Oscar's back he was funneling all Golden Boy fighters directly into Haymon. He had an aliance with Haymon that superseded what was in the best interest of Oscar's company. Guys with contracts weren't being resigned and operating on a handshake deal with Haymon. Schaefer is a rat who back stabbed Oscar. Once Oscar found out what was going on with Haymon he started asking questions and when the owner of a company is doing interviews saying he doesn't even know how many fighters in his company are actually signed that's a problem. And I don't know how well Haymon's bases are covered he's been getting sued left and right and he is being forced to pay. Oscar made him pay 10mil and Bob made him pay for Chavez Jr after everyone on here said Bob has no case and won't get a dime.

I honestly think ppl misunderstand haymon. I think he'd rather throw money at a problem than deal with lengthy court battles. That seems to be the way he conducts business. Thars why he bought out floyd's contract, that's why he settled with Oscar and Bob. Will he settle this issue too? Highly highly likely. At which point, Oscar gets more money for coke and strippers and nothing changes anyways. This is not a battle that's gonna end any time soon to many interested parties involved.

[Mitchell Kane]

Ill definately be following this case. But the fact is Haymon does indeed have promoters to stage these events. And if all the necessary contracts are in place at the time of these events, its legal, especially when the fighters themselves sign for a fight. Haymon seems to have his bases covered. Oscars definition of "best interests" might be completely different from the courts definition...with more emphasis on "interests". Not sure Oscar has a case here imo. Oscar shouldve never had that lunch with Bob after rehab.

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 was a shift in the economic model brought on by Haymon, who negotiated deals that put the revenue from an event in the hands of the fighters, paying promoters a fee rather than giving them a cut.

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

So it was that Haymon, his longtime attorney Mike Ring and Waddell & Reed fund manager Ryan Caldwell found themselves across from NBC Sports Chairman Mark Lazarus and Jon Miller, president of programming, late in 2013, discussing a plan that would showcase Haymon***8217;s fighters on the network on weekend afternoons and Saturday nights.

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

The PBC is collecting some rights fees. It also is paying for some air time. The main reason the deal had to be structured similarly to a time-buy is that it was the most logical way for the PBC to create sponsorship and advertising inventory across so many networks.

To approach the broader sports sponsorship community, the PBC hired SJX Partners, the agency headed by former U.S. Tennis Association executive Harlan Stone, to create integrated packages that include spots during fights, branding on the ring, digital assets, tickets and hospitality, a package rare in boxing because it has been off advertiser-supported TV for so long.

The PBC also brought in Bruce Binkow, the former chief operating officer of Golden Boy Promotions, to advise it on operational matters and also to maintain relationships with brands already in the sport, such as Corona, which thus far has been the only sponsor visible at PBC events.

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

As he laid out his plan, which would include not only NBC but other broadly distributed networks, it became clear that Haymon***8217;s company might have to bleed upward of $100 million ***8212; and perhaps two or three times that much ***8212; as it built a brand and an audience, a proof-of-concept phase that would then enable him to cash in on the rights fees that continue to trend upward across sports.

At that meeting, Haymon laid out his vision: To revive interest by exposing and then developing stars using broadly distributed television, presented in a unified manner under a single brand, similarly to the NFL or NBA.

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

the accumulation of compelling fighters

Eventually, they reached a complex two-year agreement in which Haymon would pay handsomely for air time

The latter of those is a core matter for the PBC, which spent millions to build a massive, state-of-the-art stage and center-hung video board that it will take on the road for all of its events, scaling it up or down to match the size of the venue

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

If Haymon had management deals with a critical mass of fighters, he was the one with the best chance to turn that into a lucrative rights deal. In boxing, there was no team or league or racing circuit with consolidated rights for Waddell & Reed to invest in. Haymon would have to create it.

Because federal law prohibits managers of fighters to also promote fights, the PBC will work with a handful of promoters, most of them tied regionally, paying them a fee to operate the shows..

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

While they will execute the events, there is no question of who will make most of the decisions with regard to matters such as ticket prices and presentation.

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

[SP4RTICUS]

The irony is that the boxers love Haymon, how long that will last after they have lost all their fans is anyone's guess, but i don't think they see it as being exploited.

[Barcham]

The irony is that the boxers love Haymon, how long that will last after they have lost all their fans is anyone's guess, but i don't think they see it as being exploited.

Boxers are not known to be the brightest of individuals on the planet. I have heard that some of them do not even know how to read properly.

[IMDAZED]

They'll settle out of court, the little writers who hate on Haymon will whisper rumours that Oscar got a nine figure check and life will go on. In reality, GBP will continue to fade away and Haymon will continue to grow even though he keeps having to pay (apparently) these so-called extremely high settlements. You do the math.

[Scipio2009]

dude, you are something else. haymon will slowly kill boxing if he keeps up putting mediocre fights. people are more worried about how much a fighter makes or how many people are goin to view the fight its rediculous, what happen to making the fights people truely want to see?

Dirrell-Degale is not a mediocre fight, and neither is Figueroa-Burns or Kameda-McDonnell. Heck, even Eric Molina should be able to make for a decnt fight with Wilder.

You look at the next ten cards put on by anyone but Haymon and how many of those actually feature fights that people have been clamoring for?

No one's excited for Golovkin-Monroe Jr or Canelo-Kirkland or Kovalev-Mohammedi or any of the other fights in the que (I'm looking forward to having Andre Ward back in the ring, but Ward-Smith isn't a pushed for fight either). You match Haymon's next ten shows against the next ten non-Haymon related shows, and Haymon's crushes the field.

[kafkod]

Dudes are just mad because Haymon is the smartest dude in boxing. Dude is a step ahead of all these guys.

Is Haymon really that smart?

I guess the outcome of this lawsuit will make that a little clearer, but you don't have to be terrribly smart to throw other people's money around, which is all Haymon has done up to now.

Even if he manages to beat GBP in court, he needs PBC to take off and start making a profit before the money runs out, and there's no sign of that happening yet.

He could turn out to be the smartest dude in boxing, or the biggest loser the sport has ever known. Only time will tell.

[OnePunch]

Dirrell-Degale is not a mediocre fight, and neither is Figueroa-Burns or Kameda-McDonnell. Heck, even Eric Molina should be able to make for a decnt fight with Wilder.

You look at the next ten cards put on by anyone but Haymon and how many of those actually feature fights that people have been clamoring for?

No one's excited for Golovkin-Monroe Jr or Canelo-Kirkland or Kovalev-Mohammedi or any of the other fights in the que (I'm looking forward to having Andre Ward back in the ring, but Ward-Smith isn't a pushed for fight either). You match Haymon's next ten shows against the next ten non-Haymon related shows, and Haymon's crushes the field.

sorry, but Khan-Algeri, Guerrero-Martinez, and Cuellar-Darchinyan are garbage fights.....

[OnePunch]

Is Haymon really that smart?

I guess the outcome of this lawsuit will make that a little clearer, but you don't have to be terrribly smart to throw other people's money around, which is all Haymon has done up to now.

Even if he manages to beat GBP in court, he needs PBC to take off and start making a profit before the money runs out, and there's no sign of that happening yet.

He could turn out to be the smartest dude in boxing, or the biggest loser the sport has ever known. Only time will tell.

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?