Comments Thread For: DiBella Fires Bombs on Golden Boy Over Haymon Claims

[bigdunny1]

People saying this lawsuit won't go nowhere said the same thing last year when Oscar sued and he forced Haymon to pay 10mil. Oscar has some of the best lawyers in the country. And again Lou only point is that Golden Boy When run by the snake Schaefer allowed Haymon to control them. Well duh that's why Oscar sued him and ran him out his company. But what does that have to do with the lawsuit and the question of whether AL is violating the Ali Act? Haymon likely have to pay just like he did last time He got sued by Oscar.

[Eastcoast]

DiBella just blew away GB's argument, though down the road Haymon's monopoly might look alot different than it does today. When the investor money runs out and it's time for the PBC to swim on it's actual market earnings and the investors are looking for their return, then the boxers could see some lean times if boxing hasn't become a popular sport.

[bigdunny1]

The fighters aren't complaining because Haymon gets them overpaid for mismatch fights and protects them from having to take tough fights. Promoters hate Haymon because he is taking money off their table by not working with them. Fans hate him because he is the stop gap from good fights being made. I could care less if broner makes big paydays being a protected fighter facing bums. PBC is not good for boxing. A corny UFC knockoff where only Haymon stable fighters fight and the best even in his stable don't fight each other. Why isn't khan fighting Thurman or any of the half dozen good fighters in Haymon stable?

[Larry the boss]

Damn he just raw dogged GoldenBoy and skeeted deep inside them...

[radioraheem]

Schaefer did NOT do the Canelo deal. That was Oscar's project. Canelo has stated in like 100 interviews that he only went to GBP because of Oscar.

Schaefer only had like a 6 or 8% stake of GBP. The rest belonged to De La Hoya. Yes, he was in charge, but it was Oscar's company that filled up a vast bank account from the profits every step of the way.

The HBO output deal was made based on their network locking in De La Hoya (the biggest cash cow at the time) and his main fighters (Mosley, Barrera, Hopkins, Marquez) to their network. Schaefer's influence had little to do with it. They wanted De La Hoya locked in and to block them from doing fights on Showtime.

Schaefer was an EMPLOYEE just like anyone else in the company, other than Oscar.

Great work/post!

[Larry the boss]

Schaefer did NOT do the Canelo deal. That was Oscar's project. Canelo has stated in like 100 interviews that he only went to GBP because of Oscar.

Schaefer only had like a 6 or 8% stake of GBP. The rest belonged to De La Hoya. Yes, he was in charge, but it was Oscar's company that filled up a vast bank account from the profits every step of the way.

The HBO output deal was made based on their network locking in De La Hoya (the biggest cash cow at the time) and his main fighters (Mosley, Barrera, Hopkins, Marquez) to their network. Schaefer's influence had little to do with it. They wanted De La Hoya locked in and to block them from doing fights on Showtime.

Schaefer was an EMPLOYEE just like anyone else in the company, other than Oscar.

Pump just pulled his pants down and ****ted on this that theory...DAMNNNNNNNNNN

[Fetta]

Im gonna say the Harvard educated lawyer whos been in the boxing game for double digit years is right.

[Scipio2009]

Anyone in the know know if what he says about the Ali Act is true?

Seems to me that if Haymon is acting as promoter in everything but name, then his interests are vested by acting as manager/adviser to his fighters.

Does he have to literally be the promoter, or could he be in trouble if they can merely prove he is their de-facto promoter?

Dibella's position seems to be that the Ali Act was meant to bar promoters from controlling managers (the manager is the only party with a fiduciary responsibility to the fighter, a bar that doesn't exist with the promoter), full stop. Haymon, acting in the fiduciary interest of the fighters that he works with and manages, could then decide to work with whatever promoters on a case-by-case basis.

For years, Haymon decided to use Golden Boy Promotions for nearly all of the fights for his managed clients, which had no implication on the Ali Act; rather than solely using Golden Boy, Haymon has now decided to utilize a handful of different companies, no longer working with Golden Boy, still without any impact on the Ali Act, again drafted to bar promoters from controlling managers (the only actual parties with fiduciary responsibilities to the fighters).

[Scipio2009]

Here's my question though: why do you still need a promoter in boxing nowadays? Everything is social media now.

Not necessarily social media, but self marketing, yes.

Still, the question you asked is exactly why Arum/Oscar/Duva/HBO seem so shook with every move that Haymon is making. Haymon is removing the cudgel of promoters being the only ones with access to TV and fighters are taking notice. With fighters doing a better job of marketing themselves, the notion of having a longterm promotional contract gets a harder and longer look.

[bigsmoothh]

wait a min, so dibella is sayin that even tho most of those fighters whom at one time used to be with gbp are now with al, getting paid more and fighting in larger crowds? I really dont see much difference from when they used to be with gbp the TWO changes i see is that the fighters that are now with haymon get paid more and get to fight bums. Thats basically it. It is becoming into another boxing war and leaves no room for the new generation of boxers. Imho i think haymon is goin to hurt boxing more, with the fights he has been putting on and what the future holds is not good.