Comments Thread For: Top Rank, Al Haymon Lawsuit To Proceed: Judge Issues Order

[Fetta]

Im not a lawyer and wont pretend to be one like bigdummy, even though if you can read and comprehend beyond high school level you can see nothing will come from this, but with the cold war still going on, the network division still going on, in-house bob being in-house bob, HBO cutting budget it seems, that GBP has now become afraid to match the best v best as so many were jocking him for, and if PBC folds we will more than likely get to see less fighters, less fights, and overall less boxing so im curious what is the envisioned end plan for you all

[bigdunny1]

What Bob arum did to Chavez should be criminal and was border line extortion! Sign an extension or I'll never let you finish the contract... Just look how he did Floyd his last fight wit him??? Bob Arum does not give a sht about ANY of his boxers. And if you beat his bread and butter like Bradley and rig. Did to PAC/donaire he BLASTED them in the media... His own fighters.

Listen I'm not the biggest fan of Arum by any means but nothing illegal about a fighter with 1 fight left on his contract being offered 2 options. I'll make a mega fight with you and give you a career high payday if you sign a 2 fight extension. Or you owe me 1 last fight on your current deal and you need to honor that but don't expect me to over spend tons of millions on it when you will walk after the deal is over. Chavez screwed himself by not taking the big money fight or not just honoring the last fight and making less money so he could become a free agent. Instead he signed to haymon and refused to fight for over a year and at the end of the day Haymon got sued and had to pay to get him out that contract.

Chavez could of just fought 1 fight for less money and became a free agent and signed to Haymon or whoever and not wasted an entire year of his career. Instead Chavez wanted the best of both worlds he wanted a huge payday and be a free agent to walk. What business man is going to overpay and help build a fighter that is leaving them? And Chavez knows he made a mistake which is why the idiot Manager he had at the time who advised him to turn down both fight options was fired.

[bigdunny1]

Im not a lawyer and wont pretend to be one like bigdummy, even though if you can read and comprehend beyond high school level you can see nothing will come from this, but with the cold war still going on, the network division still going on, in-house bob being in-house bob, HBO cutting budget it seems, that GBP has now become afraid to match the best v best as so many were jocking him for, and if PBC folds we will more than likely get to see less fighters, less fights, and overall less boxing so im curious what is the envisioned end plan for you all

keep my name out my mouth h0e before I post links to you getting exposed again. Please tell us all how PBC pulling crappy TV Ratings is because of the WNBA. Loser had the nerve to make the argument that PBC on ESPN getting killed in the ratings was because it went head to head against WNBA on ESPN2. You have no credibility is any discussions about PBC go jerk off to Haymon's 1 internet picture and leave my name out your comments punk!

[Fetta]

keep my name out my mouth h0e before I post links to you getting exposed again. Please tell us all how PBC pulling crappy TV Ratings is because of the WNBA. Loser had the nerve to make the argument that PBC on ESPN getting killed in the ratings was because it went head to head against WNBA on ESPN2. You have no credibility is any discussions about PBC go jerk off to Haymon's 1 internet picture and leave my name out your comments punk!

Keep asking for those links. Bring them on cause i know just recently you were getting exposed and badly and still have the nerve to try and spin that fact

and blah blah blah. You know nothing but i am glad you know your real name.

Keep on trucking bigdummy

[djt117]

Garcia has one fight left and offered to fight Crawford if they let him out and they said no. He must sign extension or sit.

Both the science of economics (and the Million Dollar Man Ted DiBiase) tell us that everybody's got a price.

There is certainly some amount of money Mikey could pay to get out. But it's a ****load and he doesn't want to pay it. Floyd Mayweather --Floyd Mayweather -- who was already a millionaire, freaking took out a loan to buy out his contract.

Of course I am frustrated to not see Mikey in the ring, but honestly you have to understand where Bob and other promoters are coming from. They invest tons of money into these young prospects and only make it back on a few. When they finally succeed in building a star, it's time to turn a profit.

Mikey was poised to break into stardom: Mexican-American, well-spoken, police academy graduate, kind of Oscar-like, being set up as the heir apparent to Pacquiao. Bob spent years building him up to the point where he may well have been on the cusp of PPV.

... then someone across the street opens up shop and promises more money and the guy just wants to leave? Dude, I'd keep Mikey's a$$ in a holding pattern too (and so would you) unless I got paid a fortune.

Some guys in the post-Floyd era are fond of saying "boxing is a business" ... but then cry foul when someone else plays in that same hard-nosed style

[Fetta]

Both the science of economics (and the Million Dollar Man Ted DiBiase) tell us that everybody's got a price.

There is certainly some amount of money Mikey could pay to get out. But it's a ****load and he doesn't want to pay it. Floyd Mayweather --Floyd Mayweather -- who was already a millionaire, freaking took out a loan to buy out his contract.

Of course I am frustrated to not see Mikey in the ring, but honestly you have to understand where Bob and other promoters are coming from. They invest tons of money into these young prospects and only make it back on a few. When they finally succeed in building a star, it's time to turn a profit.

Mikey was poised to break into stardom: Mexican-American, well-spoken, police academy graduate, kind of Oscar-like, being set up as the heir apparent to Pacquiao. Bob spent years building him up to the point where he may well have been on the cusp of PPV.

... then someone across the street opens up shop and promises more money and the guy just wants to leave? Dude, I'd keep Mikey's a$$ in a holding pattern too (and so would you) unless I got paid a fortune.

Some guys in the post-Floyd era are fond of saying "boxing is a business" ... but then cry foul when someone else plays in that same hard-nosed style

Yes im sure its alot cause he is a talent Bob doesnt want to lose but if he was willing to honor contract and take on a highly touted fighter from the same stable then how is that wrong on his part.

And no when i hire contract workers i want the contract to be done and honored. After i will see if i want them to stay or offer them more money to keep them. I wouldnt sit them or stop giving them work till they signed an extension with me. Thats just wrong and bad business practices and because of that i can see why some are eager to leave.

[bigjavi973]

get ready for a trial..... unless its dismissed at the hearing that they scheduled.... because is TR doesn't provide enough proof... its getting tossed.

[Shadoww702]

In Chavez case he had a signed agreed contract to fight ggg. Then Bob took it off the table and offered MUCH, much less for a ppv fight. Bob got greedy and wanted him to extend his contract. Wouldn't even let Chavez fight a top 5 ranked WBC (I think) fighter. If they have only 1 fight left and an organization will sanction the fight that should count. But Bob won't let them... Hence why he is a manager ad promotor IMO.

[bigjavi973]

Even if that is true, the real victory for TR here is being able to obtain information on its chief competitor (more on that in a sec).

Before anyone makes any "Internet lawyer" jokes, I am a December 2015 law school graduate studying for the February Bar right now, not talking out of my ass.

The theory that TR is advancing (aside from the Ali Act stuff, which is separate) is that PBC has engaged in predatory pricing to drive out competitors in the hopes of creating a monopoly. That's why it is classed as an antitrust lawsuit.

The standard of proof for TR's allegations is very high: TR would have to prove that not only is PBC's intentional overpaying for fights going to (1) kill off TR, but also that (2) it's likely to kill off all other competitors and (3) any future PBC monopoly, once established, is likely to persist long enough for PBC to drive out competitors and THEN dramatically underpay for fights such that they will be able to recoup their initial losses and thensome (i.e., that PBC will be able to exploit their monopoly for a long enough time before any new promotional companies pop up and sign talent away from PBC because they are offering better money)

Item (3) has to do with what is called barriers to entry in a market. A classic example of a market with ENORMOUS barriers to entry is building airplanes (e.g., Boeing). It takes 10-20 years to bring a new airplane to market, and you may well invest billions in designing, building, testing, and marketing before you even begin to recoup your investment and make profits when you finally start getting orders from the airlines for your new planes.

If Boeing had infinite stacks of cash and sold their airplanes at a bargain basement price, willfully losing tons of money, they could probably kill of their main competitor (Airbus) and because the barriers to entry in the airplane market or so high, it is extremely unlikely that a new company would pop up to challenge a potential Boeing monopoly. So predatory pricing by Boeing would result in a massive lawsuit by Airbus, and it would be one that would be easy for Airbus to win.

However, while entering the game of boxing promotion certainly requires some deep pockets to meaningfully compete with a behemoth like the PBC, it's simply not even remotely on the same level of airplane manufacturing in terms of initial capital investment required to be competitive.

THIS MEANS THAT TR is likely to LOSE their case against PBC in the end (which may not come for years).

BUT, winning THE CASE ITSELF may not be TR's endgame. Because so much of item (3) has to do with the internal financial workings of the PBC enterprise, virtually ALL of that information is now fair game for discovery.

And now TR can find out (A) how much was spent on all the time buys, (B) how much PBC has lost on their first year's worth of cards, (C) how much ad revenue is coming in to offset the cost of the time-buys, (D) how much is coming in from foreign broadcasting rights agreements and *ultimately* (E) HOW MUCH LONGER DOES TR HAVE TO SURVIVE BEFORE THE PBC BUSINESS PLAN BEGINS TO SUFFER & WILT BECAUSE THEY HAVEN'T MANAGED TO SUCCESSFULLY CREATE A MONOPOLY.

When your adversary/competitor is a privately held company, it's very difficult to get "intel" on them because they are not required by law to release financials. Now TR is going to have access to all of that. In my personal opinion, that was always the main goal of their entire lawsuit

what this guy said pretty much ^^^^^

[bigjavi973]

Great insight. All that information will be interesting, and like you, I believe that's their motive.

would TR be able to get hold of an Al Haymon contract.