Comments Thread For: Golden Boy's Lawsuit Against Al Haymon Enters Discovery Phase

[bigdunny1]

What documents are actually eligible to be disclosed, in either lawsuit?

Top Rank, with Waddell and Reed, and Caldwell explicitly removed from the talks, can arguably only call on documents involving Haymon-DiBella/TGB/Warriors/GYM/MayweatherPromotions/Matchroom/etc, Haymon-managers, and maybe Haymon-TV talks.

Golden Boy, with their lawsuit already shaved down to only include PBC information, can't look to any documents before the February PBC start.

Trying to spin that "PBC is begging for more money" nonsense without any actual story is also rich, lol.

While the case toils in court, Golden Boy(without Schaefer's money men backing the effort) is still going to have to pay out a massive settlement to All Star Boxing(for stealing Canelo) and Top Rank, with Pacquiao likely walking out of the door, will have to toil through things without an actual bankable star and a TV partner(HBO) only offering them half the TV dates then what they've grown accustomed to working with.

Two years is a long time.

Dude spin it all you want there are NUMEROUS reports about the financial state of PBC and Waddell. And a long lawsuit battle is not what Waddell signed up for. They gave the initial investment before these lawsuits. And discovery is bad for PBC regardless if Waddell is included in the lawsuit or not. They will have access to documents showing how PBC operates and the money that's coming in and out which Haymon does not want out there least of all to his competitors. This is a man who refuses to talk to the media not because he's shy but because he doesn't want to answer questions about his role and the legality of all this but you think he's ok being forced to give deposition opening himself up to perjury and handing over proprietary information about your company to your competition? But again you are the same fool who said last year that this lawsuit would get tossed out of court and were wrong and now pretending like having to give out private documents showing your competitors exactly how much these loses truly are and potentially scaring off your investors is not big deal. lol

It is a big deal and far bigger then GB or TR paying legal fees to keep these lawsuits going. Both GB and TR are the among the biggest and riches promoters in the game and you think they worried about paying legal fees for cases that will both likely result in large cash settlements? What in Haymon's history says he wins these lawsuits? He doesn't he pays large sums to make them go away just like last year paid both GB and TR in 2 separate settlements. Show me a single source that says GB and TR are in financial troubles? Just one? While I can show you about 20 different links and sources talking about PBC's financial struggles including their investors financial troubles. The longer it goes on the worse it's for PBC not the other way around silly boy. GB and TR put on shows that make a profit they are not a start up company operating on losses. PBC runs at a loss each event and has already flushed hundreds of millions down the toilet and Waddell is being hit with class action lawsuit claiming fraud for putting avg Joes money into this Ponzi like scheme PBC is running.

Here is the lawyers putting together the class act suit advertising to more people who lost money to join in against PBC's investors. But everything is going along as planned for PBC right?

http://www.investorclaims.com/Broker...Reed-Inc-.aspx

[Scipio2009]

Seems like he may not even have to since he managed to land a fight against Canelo with one of his fighters. Of course it's almost like a sacrifice. Unless Khan does the impossible and wins

Khan was looking for the biggest payday possible, and Haymon seemed to help facilitate that for Khan (though my guess is that Haymon also advised Khan to a fight with Kell Brook actually being the biggest opportunity for him).

Alvarez can simply look at the way Haymon handles his business(while noting that Haymon has TGB(Tom Brown) promoting things in California and Leijah-Battah in Texas), particularly how Haymon has worked with Chavez Jr, and compares that against how Oscar has handled things since taking over (the Kirkland being what it was, getting ****ed on the Cotto negotiations, etc).

Business is business; note how Oscar hasn't run any AEG arenas since the Schaefer split(sans maybe 1-2 shows).

If Canelo and his camp eyeball fights on their terms (with venues like Staples Center in Los Angeles, Barclays Center in New York, or the MGM Resorts properties in Las Vegas, among others), versus seeing Oscar De La Hoya, for instance, going out of his way to lock in Golovkin as the next fight option before any talks get underway, they can make their own decision(contract with Golden Boy aside); no doubt that he and his camp have a "relapse" clause written into the new contract.

[Scipio2009]

Ive read it, and operated under it for over a decade. YOU seem to be the one with the reading comprehension problems, as Section 5, Paragraph 2, sub paragraph B, item (i) states it is UNLAWFUL for a MANAGER to have "a direct or indirect financial interest in the promotion of a boxer"


Im not sure how much clearer that sentence needs to be, to where even "challenged" people (as you obviously are) can grasp the concept......

The McGuigan-Frampton relationship, according to the Ali Act, would be illegal.

You cannot point to a single card involving Al Haymon that patterns after that; if you have a single instance where Haymon Sports LLC was selling a ticket or signed a form for venue insurance, you should probably get that info to Top Rank/Golden Boy.

For a person who claims to have been a fight promoter, you're awfully sloppy with the actual details of things you shouldn't be sloppy with.

What financial interest can you point to that Haymon has in the promotion of any fighter (Floyd Mayweather Jr is possible, but even that is unclear, as I doubt Haymon gets an independent from any of the Mayweather revenue streams)?

Putting extra money in a fighter's pocket isn't a crime.

[Scipio2009]

Dude spin it all you want there are NUMEROUS reports about the financial state of PBC and Waddell. And a long lawsuit battle is not what Waddell signed up for. They gave the initial investment before these lawsuits. And discovery is bad for PBC regardless if Waddell is included in the lawsuit or not. They will have access to documents showing how PBC operates and the money that's coming in and out which Haymon does not want out there least of all to his competitors. This is a man who refuses to talk to the media not because he's shy but because he doesn't want to answer questions about his role and the legality of all this but you think he's ok being forced to give deposition opening himself up to perjury and handing over proprietary information about your company to your competition? But again you are the same fool who said last year that this lawsuit would get tossed out of court and were wrong and now pretending like having to give out private documents showing your competitors exactly how much these loses truly are and potentially scaring off your investors is not big deal. lol

It is a big deal and far bigger then GB or TR paying legal fees to keep these lawsuits going. Both GB and TR are the among the biggest and riches promoters in the game and you think they worried about paying legal fees for cases that will both likely result in large cash settlements? What in Haymon's history says he wins these lawsuits? He doesn't he pays large sums to make them go away just like last year paid both GB and TR in 2 separate settlements. Show me a single source that says GB and TR are in financial troubles? Just one? While I can show you about 20 different links and sources talking about PBC's financial struggles including their investors financial troubles. The longer it goes on the worse it's for PBC not the other way around silly boy. GB and TR put on shows that make a profit they are not a start up company operating on losses. PBC runs at a loss each event and has already flushed hundreds of millions down the toilet and Waddell is being hit with class action lawsuit claiming fraud for putting avg Joes money into this Ponzi like scheme PBC is running.

Here is the lawyers putting together the class act suit advertising to more people who lost money to join in against PBC's investors. But everything is going along as planned for PBC right?

http://www.investorclaims.com/Broker...Reed-Inc-.aspx

^^^look at this fool.

-the reddit post, by an anonymous guy who was "tracking the money"(while getting flamed out in the comments in the original post, as people started to ask questions about what was said), is now being spun into "numerous reports".

-if you actually click on the cited link, you get chased to a ****ing troll site; no different than when, late night, you see those law offices chasing down folks who may have had some tangential connection to asbestos.

gtfoh

[bigdunny1]

^^^look at this fool.

-the reddit post, by an anonymous guy who was "tracking the money"(while getting flamed out in the comments in the original post, as people started to ask questions about what was said), is now being spun into "numerous reports".

-if you actually click on the cited link, you get chased to a ****ing troll site; no different than when, late night, you see those law offices chasing down folks who may have had some tangential connection to asbestos.

gtfoh

No I'm talking about the financial report quoting the actual 4th quarter losses for Waddell. Or the factual stories see my last link of Attorney's putting together numerous accounts of clients who lost millions as part of a massive class act lawsuit against Waddell. LA Times confirmed this by reporting they spoke directly with these attorneys.

A NY investment fraud Atty compiling claims against Waddell & Reed told me the @premierboxing losses are part of potential class action suit

— Lance Pugmire (@latimespugmire) February 5, 2016

The NY Atty told me these are "mom and pop individual investors, not institutions, damaged by investments," to @premierboxing

— Lance Pugmire (@latimespugmire) February 5, 2016

But sure everyone is just lying including the CEO

http://www.kansascity.com/news/business/personal-finance/article57890703.html

"Chief executive Hank Herrmann said the company has struggled with customer withdrawals and a volatile stock market. He also promised cost cutting to help boost earnings.

“In addition to market challenges, we have had to manage increased redemption pressure and weaker sales in some of our key strategies due in part to underperformance in these funds. In light of lower levels of assets under management, we are evaluating operating expenses to align our cost structure with revenues,” Herrmann said in the announcement.


Even the CEO is saying they struggled last year and are cutting costs because their losses but your dumb @ss is trying to deny that these guys saw huge losses last year? Not once did I mention reddit posts I have posted links from LA Times and financial reports section of the Kansas City Star.

[OnePunch]

The McGuigan-Frampton relationship, according to the Ali Act, would be illegal.

You cannot point to a single card involving Al Haymon that patterns after that; if you have a single instance where Haymon Sports LLC was selling a ticket or signed a form for venue insurance, you should probably get that info to Top Rank/Golden Boy.

For a person who claims to have been a fight promoter, you're awfully sloppy with the actual details of things you shouldn't be sloppy with.

What financial interest can you point to that Haymon has in the promotion of any fighter (Floyd Mayweather Jr is possible, but even that is unclear, as I doubt Haymon gets an independent from any of the Mayweather revenue streams)?

Putting extra money in a fighter's pocket isn't a crime.

so is it your contention that Haymon Sports does not profit from ticket sales or advertising sales for PBC events? Because if you are making that claim, then you are an early shoe-in for "Dumbest Poster of the Year" and Reeno should just go ahead and crown you today.......

[Scipio2009]

so is it your contention that Haymon Sports does not profit from ticket sales or advertising sales for PBC events? Because if you are making that claim, then you are an early shoe-in for "Dumbest Poster of the Year" and Reeno should just go ahead and crown you today.......

I'm saying that there is likely to be no proof of Haymon Sports was actually selling tickets for any event, let alone getting any ad revenue off of the actual PBC fight cards (whether Haymon buys tickets from the venue, to then re-sell them on Stubhub, is even less likely to be found proof of).

The PBC is sponsored by Corona, with Corona also shelling out some money for individual fight cards (notice how every PBC fight card doesn;t have Corona on center-ring).

If you have any proof, heck even any open insinuation, that Al Haymon is selling venue tickets, bring it forward.

Otherwise, it's becoming obvious why your "promotional company" went under.

[Scipio2009]

No I'm talking about the financial report quoting the actual 4th quarter losses for Waddell. Or the factual stories see my last link of Attorney's putting together numerous accounts of clients who lost millions as part of a massive class act lawsuit against Waddell. LA Times confirmed this by reporting they spoke directly with these attorneys.

A NY investment fraud Atty compiling claims against Waddell & Reed told me the @premierboxing losses are part of potential class action suit

— Lance Pugmire (@latimespugmire) February 5, 2016

The NY Atty told me these are "mom and pop individual investors, not institutions, damaged by investments," to @premierboxing

— Lance Pugmire (@latimespugmire) February 5, 2016

But sure everyone is just lying including the CEO

http://www.kansascity.com/news/business/personal-finance/article57890703.html

"Chief executive Hank Herrmann said the company has struggled with customer withdrawals and a volatile stock market. He also promised cost cutting to help boost earnings.

“In addition to market challenges, we have had to manage increased redemption pressure and weaker sales in some of our key strategies due in part to underperformance in these funds. In light of lower levels of assets under management, we are evaluating operating expenses to align our cost structure with revenues,” Herrmann said in the announcement.


Even the CEO is saying they struggled last year and are cutting costs because their losses but your dumb @ss is trying to deny that these guys saw huge losses last year? Not once did I mention reddit posts I have posted links from LA Times and financial reports section of the Kansas City Star.

^^^lol, another financial illiterate.

[El-blanco]

Scipio humuliating himself as usual.

[OnePunch]

I'm saying that there is likely to be no proof of Haymon Sports was actually selling tickets for any event, let alone getting any ad revenue off of the actual PBC fight cards (whether Haymon buys tickets from the venue, to then re-sell them on Stubhub, is even less likely to be found proof of).

The PBC is sponsored by Corona, with Corona also shelling out some money for individual fight cards (notice how every PBC fight card doesn;t have Corona on center-ring).

If you have any proof, heck even any open insinuation, that Al Haymon is selling venue tickets, bring it forward.

Otherwise, it's becoming obvious why your "promotional company" went under.

well thats what discovery is for, genius.


But humor me. If Haymon doesnt get the ticket / ad revenue, then exactly who does? Now granted, they do give away ALOT of tickets, but there are some that they actually get money for. So who do you think that money goes to? The tooth fairy? And where does the Corona money go? hmmmmmmmm

Its always amusing when some noob who hasnt had 5 minutes of experience in the boxing business tries to tell me whats what. Brightens up an otherwise dull day......lol