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

[Queen_Leia]

none of that matters in the least. The Ali Act states that it is unlawful for a manager to have a financial interest in the promotion of a boxer. Period.

Haymon is a licensed manager. PBC (controlled by Haymon) has a financial interest in the promotions it controls. End of story.

this is not difficult to understand. Haymon is in violation of the Ali Act. Its not even debatable. Now whether or not the govt actually does anything about it is another matter alltogether......

Star Trek,

Even if Haymon is in violation of the Ali act...why is Oscar so worried about it? Is Haymon hurting him now?

I can see if Haymon managed fighter were to file this claim but why is Oscar so concerned?

Other than Canelo, who does Oscar have on his rosters that is HBO WCB main-event worthy?

[Barcham]

Personally, I don't think the situation is actually that make/break for Haymon. If the reports are true, he's got enough money backing him to comfortably cover three years of the project (likely longer if he's actually able to sell some of those commercial slots), and he's got backers ready to lose every penny on the experiment, if need be. Beyond that, even if the whole thing were to go belly up, he'd still be able to go back to Showtime/CBS with a roster of talented young fighters who'd spent the prior 2-3 years being featured on broadcasts in front of audiences that were three to four times what any of the other fighters were able to get on HBO.

Garcia vs Thurman (hope that the wait isn't actually this long) would be a bigger fight than anything that HBO could come forward with, and Errol Spence would've likely emerged as the new money fighter of the sport.

The pie would shrink, but it'd be a bigger pie than it was before the attempt, for the fighters that the general public got a chance to see.

How do you know that his investors are ready to lose half a billion dollars on PBC? Got something to back that up? Those are very poor investors if they are ready to do that. Glad I know their name so I never invest money with idiots like that.

Kovalev was supposed to be a free agent after the Pascal fight; that position was why the WBC, seeing the politics of the situation as they were, made the decision that they did, pushing the process into a "best bid wins"-type situation.

How Kovalev went from being a free agent who could negotiate with whomever to being a fighter who could only fight on HBO (within weeks of the WBC move, that Kovalev's promoter pushed so hard for in the first place) makes HBO look like the very anti-competitive outside actor that Golden Boy is seemingly railing against, private business or not.

Again, unless Duva was openly lying about her situation with HBO, GYM/WBC/Stevenson would seem to have a rather straightforward case for damages by HBO, do to their meddling in the deal, if they were open to trying to sue.

Frist of all, Kovalev was not a free agent as the terms of his previous contract gave HBO the right of first refusal for his fight after expiration of the contract, Yvon Michel was well aware of that as the same clause was in Stevenson's contract which is why he forced the purse bid.

WBC did not push it to a purse bid, GYM did by refusing to even start negotiations with Duva, WBC had absolutely nothing to do with it beyond making Kovalev the mandatory challenger in an effort towards unification.

[kafkod]

Khan-Algieri isn't a barnburner; I'm not here to argue that point.

I'm just asking for folks to point to 10 fights, put on by anyone not affiliated with Haymon, that are better than even Khan-Algieri (which is openly acknowledged as not being all that great a fight).

Klitschko-Fury is likely a good matchup, as is Cotto-Canelo in late Fall. that's about it.

Golovkin-Monroe Jr and Kovalev-Mohammedi are junk fights, too; with the Stevenson fight not happening and Team Golovkin wanting no part of Andre Ward, the rest of their fights for the year are likely to be more of the same. Bradley-Vargas isn't a fight that anyone is excited for, either.

Abel Sanchez recently challenged Andre Ward to send them an offer if he wants to fight GGG, so that’s one match-up that could possibly happen, depends whether Ward is going to move up to LHW or not. If he is, then Ward/Kovalev is another possibility. Other possible big fights for GGG are Canelo, and Lee, as BJS is going to be fighting Eubank Jr again.

The heavyweight division is coming back to life again. 22015/2016 is going to be the time when the big guys come back into their own. Sadly, it seems Haymon’s only involvement in this rennaisance is going to be a negative one – pulling every string he can get his hands on to try and keep Povetkin away from Wilder.

After Floyd retires, who is going to be the big star in Haymon’s stable? I don’t think he has anybody who can match Cotto and Canelo for pulling power, or possibly catch the imagination of the “casuals” like GGG, Kovalev, Lomachenko, maybe Nicholas Walters and definitely Tyson Fury if he beats Wlad, which I believe he has a real chance of doing.

[Thickback]

What fighters are Oscar trying to protect? The ones that all flocked to Haymon and are making very good money? No fighter is complaining about Haymon. Oscar already sued Richard Schaefer. Get over your failures and search for more talent and rebuild your company.

[Thickback]

none of that matters in the least. The Ali Act states that it is unlawful for a manager to have a financial interest in the promotion of a boxer. Period.

Haymon is a licensed manager. PBC (controlled by Haymon) has a financial interest in the promotions it controls. End of story.

this is not difficult to understand. Haymon is in violation of the Ali Act. Its not even debatable. Now whether or not the govt actually does anything about it is another matter alltogether......

Ok, but how does this justify Oscar being awarded $300 million?? Oscar is a promoter suing an advisor making moves like a promoter. No fighter is complaining in Haymon's stable.

[deanrw]

Here is Bernard talking about how Al is his good friend, less than a year ago.

[IMDAZED]

Here is Bernard talking about how Al is his good friend, less than a year ago.

He's never been advised by him.

[OnePunch]

Star Trek,

Even if Haymon is in violation of the Ali act...why is Oscar so worried about it? Is Haymon hurting him now?

I can see if Haymon managed fighter were to file this claim but why is Oscar so concerned?

Other than Canelo, who does Oscar have on his rosters that is HBO WCB main-event worthy?

No one can argue that Haymon absorbing more market share hurts Oscars company. So the time to put a stop to it is now, not 2 years from now when it is fully intrenched.

Oscars position is that since boxing has no anti-trust exemption like the other major sports do, what Haymon is doing constitutes a restraint of trade. Oscar is using Haymons obvious Ali Act violations as the bait to get a judge (or the Dept of Justice) to issue a TRO which would pretty much shut PBC down. If that doesnt happen, then by the time this lawsuit gets anywhere, the damage will already be done. I think its a pretty good strategy


As for GBPs stable, its a bit thin these days. A few possibles like Saddam Ali or one of the Gomez boys might develop, and Matthysse is still with them, but other than that its slim pickens. And most of the stable are young guys that are 2-3 years away from the big stage......

[deanrw]

He's never been advised by him.

I know that, but I just found it amusing how Bernard went from Al being a Long Trusted Friend to Enemy so quickly. It is all about the money and being left out. Oscar and Bernard got left behind from the gravy train and are now mad.

I guarantee you that if Al had them promoting some PBC events, they would still be on best of terms, and they would be saying "what's an Ali act?"

[Floydushka]

There's no way De La Hoya wins in the court. Haymon is to powerful.
Though one can't say Oscar is doing something good. He fights just for his own profits, nothing else. If Oscar was on Haymon's place he would do the same dirty thing.