On Wednesday morning, Golden Boy Promotions officially announced that their company had filed a $300 million lawsuit against manager/adviser Al Haymon and related companies and Waddell & Reed Financial, Inc. and its related hedge funds.
Golden Boy's lawsuit alleges repeated violations of antitrust laws and the Muhammad Ali Boxing Reform Act.
The lawsuit alleges that Haymon - through his Premier Boxing Champions series - "has entered into agreements to restrain trade in a substantial portion of the market for promotion of Championship-Caliber Boxers." And the papers further claim that Haymon is exploiting fighters by violating the Ali Act.
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Golden Boy's lawsuit alleges repeated violations of antitrust laws and the Muhammad Ali Boxing Reform Act.
The lawsuit alleges that Haymon - through his Premier Boxing Champions series - "has entered into agreements to restrain trade in a substantial portion of the market for promotion of Championship-Caliber Boxers." And the papers further claim that Haymon is exploiting fighters by violating the Ali Act.
[Click Here To Read More]
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