Originally posted by ElMeroChingon
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Comments Thread For: PBC: Top Rank Lawsuit Is Entirely Without Merit
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Originally posted by JakeNDaBox View PostLongtime promotional outfit Top Rank Inc. dropped a bombshell on Wednesday, filing a lawsuit against Al Haymon seeking in efforts to prevent the high-powered adviser from further developing his Premier Boxing Champions series.
***8220;Al Haymon and Waddell & Reed (an investment firm who serves as the financial backers for the PBC series) are engaged in a sophisticated scheme to gain control of the boxing industry,***8221; said Daniel Petrocelli, lead attorney for Top Rank in filing the lawsuit Wednesday morning. ***8220;As the lawsuit explains in detail, they are violating federal law, defying state regulator and absorbing significant short-term losses to drive legitimate operators out of the business.***8221;
Top Rank***8217;s lawsuit***8212;in which it is seeking $100 million in damages and an injuction to stop the alleged predatory practices by PBC***8212;comes on the heels of a similar case filed by Golden Boy Promotions earlier this year.
As the PBC movement began to spread throughout the industry, such legal matters were bound to surface. The company has since prepared to fight it out in the long haul with business as usual in the meantime, as Haymon finds dates and networks for an estimated stable of more than 200 fighters. [Click Here To Read More]
When the lawsuits fail, I guess the next step will be to go after the investment firm that is funding PBC.Last edited by big_james10; 07-01-2015, 07:55 PM.
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Originally posted by ElMeroChingon View PostI knew this PBC would never work, instead of helping boxing, it further divided it.
People just jumped on the bandwagon because they're FLoyd fans.
Real Boxing fans loose out.
Theres only a very few top tier fighters on PBC. Thats Thurman/Guerrero/KHAN.
Garcia, who knows when he's coming back to fight at the level he left after the Mathysse fight.
Thats only three, the other guys are unproven or porspects. Once those guys fight each other, it's over. They cant' replay the same movie over and over again.
This comes from a guy who thinks that four fights between Pacquaio and JMM, three fights between Pacquaio and Morales, two fights between Pacquaio and Bradley and two fights between Pacquaio and Barerra made perfect sense; and who will hail Pacquaio's trilogy with Brandon Rios as one of the greatest rivalries in the history of boxing.
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[QUOTE=ElMeroChingon;15839313]I knew this PBC would never work, instead of helping boxing, it further divided it.
People just jumped on the bandwagon because they're FLoyd fans.
Real Boxing fans loose out.
Theres only a very few top tier fighters on PBC. Thats Thurman/Guerrero/KHAN.[quote]
And I bet you thought it was a ok when Arum had a monopoly on who Pacquiao fought. A few years ago. Dudes had to sign with Top Rank in order to fight with Pacquiao.
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Originally posted by PACnPBFsuck View PostAs long as this shyt doesn't interrupt my back to back to back to back weekly boxing, sue away.
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Originally posted by MasterPlan View PostThe one thing I don't get, why did Arum wait until after the May-Pac fight?
Why do business with this man who is so shady?
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Originally posted by R_Walken View PostYeah gotta agree with most of what you wrote
I don't get how TR could sue Haymon. It's like hey your not letting other promoters get dates or make $. But let's forget that 2 months ago we worked together and put on the biggest financial fight in history, That part isn't important.
This will probably be a death blow for Arum who will probably go out like Paterno.
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