Comments Thread For: Haymon Legal Team Statement on Win in Golden Boy Lawsuit

[Boxing Logic]

Walter wrote, “The court concludes that [Golden Boy has] failed to properly define the market, or show that there are significant barriers to entry in that market.”

While the PBC stable remains strong, Haymon has been required to assist on some premium-cable license fees to fighters to help stage fights like Saturday’s Carl Frampton-Leo Santa Cruz, Dejan Zlaticanin-Mikey Garcia doubleheader of title fights on Showtime too.

Judge Walter summarized his decision by writing, “It can’t be said often enough that the antitrust laws protect competition, not competitors. … [C]ompetition is essential to the effective operation of the free market because it encourages efficiency, promotes consumer satisfaction and prevents the accumulation of monopoly profits.

“When a producer is shielded from competition, he is likely to provide lesser service at a higher price; the victim is the consumer who gets a raw deal. This is the evil the antitrust laws are meant to avert. But when a producer deters competitors by supplying a better product at a lower price, when he eschews monopoly profits, when he operates his business so as to meet consumer demand and increase consumer satisfaction, the goals of competition are served. … While the successful competitor should not be raised above the law, neither should he be held down by the law.”

GAME. SET. MATCH.

Yeah you and the judge game-set-matched yourself. "At a lower price." Haymon's cards cost less? Really? Because I could have sworn his cards cost the most.

How does this work exactly? On one hand you argue Haymon is the only one who cares about the boxers and pays them the most money. Now you cite the judge saying he pays less money. How does that work lol? Is Hans Zimmer pitching in to pay these boxers so it still costs less for Haymon?

[Motorcity Cobra]

Yeah you and the judge game-set-matched yourself. "At a lower price." Haymon's cards cost less? Really? Because I could have sworn his cards cost the most.

How does this work exactly? On one hand you argue Haymon is the only one who cares about the boxers and pays them the most money. Now you cite the judge saying he pays less money. How does that work lol? Is Hans Zimmer pitching in to pay these boxers so it still costs less for Haymon?

The product (boxing matches) at a lower price (free).

[Motorcity Cobra]

My take on the judgment:

As a current law and business(finance) student, I find this case fascinating. I'll go back to see who was representing Oscar here but it appears his representation had an uphill battle trying to put a solid case together, with only pure su****ion to work with and a client who was constantly engaged actions that was circumventing the effectiveness of its case. (TV deals, Ortiz fiasco, Porter's attempt at working together, Gomez's emails, etc.) (I would've love to see what came up in discovery)

What's more telling (but obvious to those of us who are true fans of the sport) is the revelation, in the case, that GoldenBoy, not Haymon appears to be the one who has been acting in noncompetitive ways and really harming fighters.

Notice the mention of the 33% of the boxer's cut going to managers, while the manager was serving as a "defacto employee" of the company. The judgement didn't unpack the details there, but its clear that discovery revealed GoldenBoy (and likely Top Rank) are the companies who were engaged in such practices. Meanwhile, it appears that Al Haymon has actually been waiving his management fee. That's the biggest red flag in this judgement, that I would love someone to investigate. I believe this practice is what Mayweather was referring to at the Jack/DeGale press conference last week.

Another point, that wasn't unpacked, was the mention of Haymon's "losses". It appears that they either (1) are not as severe as assumed, or (2) can potentially be recovered in some way. Although there was no burden on Haymon to reveal his model (the burden was on GoldenBoy to show that it is a flawed business model), maybe there was something found in discovery showing some promise.

I'm also surprised Spike is paying a licensing fee to PBC.

These are just a few highlights I found interesting.

Yep. Golden Boy got exposed in this lawsuit. Now we know why Arum settled. Discovery goes both ways. Manager working as a de facto employee of the promoter (Michael Koncz) What did Floyd say last week? Haymon can also use Golden Boy to recoup losses. Hopefully Golden Boy will agree to work with Haymon instead (Linares v. Mikey if they both win, on PBC)

Now the media needs to turn the tables and start blaming Golden Boy for not working with PBC. There is no reason fighters like Linares, the champion, has to fight overseas twice with no U.S. TV exposure.

[Kigali]

My take on the judgment:

As a current law and business(finance) student, I find this case fascinating. I'll go back to see who was representing Oscar here but it appears his representation had an uphill battle trying to put a solid case together, with only pure su****ion to work with and a client who was constantly engaged actions that was circumventing the effectiveness of its case. (TV deals, Ortiz fiasco, Porter's attempt at working together, Gomez's emails, etc.) (I would've love to see what came up in discovery)

What's more telling (but obvious to those of us who are true fans of the sport) is the revelation, in the case, that GoldenBoy, not Haymon appears to be the one who has been acting in noncompetitive ways and really harming fighters.

Notice the mention of the 33% of the boxer's cut going to managers, while the manager was serving as a "defacto employee" of the company. The judgement didn't unpack the details there, but its clear that discovery revealed GoldenBoy (and likely Top Rank) are the companies who were engaged in such practices. Meanwhile, it appears that Al Haymon has actually been waiving his management fee. That's the biggest red flag in this judgement, that I would love someone to investigate. I believe this practice is what Mayweather was referring to at the Jack/DeGale press conference last week.

Another point, that wasn't unpacked, was the mention of Haymon's "losses". It appears that they either (1) are not as severe as assumed, or (2) can potentially be recovered in some way. Although there was no burden on Haymon to reveal his model (the burden was on GoldenBoy to show that it is a flawed business model), maybe there was something found in discovery showing some promise.

I'm also surprised Spike is paying a licensing fee to PBC.

These are just a few highlights I found interesting.

Well well well.

[Kagami Taiga]

Golden Boy’s invocation of the Ali Act -- which the Court recognized exists to protect boxers, not promoters – was especially hypocritical given that the Court cited evidence that confirms Haymon Sports has consistently looked to protect the interests of its boxers against one-sided and oppressive promoter contracts.

I called this over a year ago. Smh it was obviously a reach in their part.

[Ray*]

Golden Boy’s invocation of the Ali Act -- which the Court recognized exists to protect boxers, not promoters – was especially hypocritical given that the Court cited evidence that confirms Haymon Sports has consistently looked to protect the interests of its boxers against one-sided and oppressive promoter contracts.

I don't get how any one can hate someone who is FOR the fighters.

[Kigali]

I don't get how any one can hate someone who is FOR the fighters.

I get it.....loud and clear.

[Butch.McRae]

Yep. Golden Boy got exposed in this lawsuit. Now we know why Arum settled. Discovery goes both ways. Manager working as a de facto employee of the promoter (Michael Koncz) What did Floyd say last week? Haymon can also use Golden Boy to recoup losses. Hopefully Golden Boy will agree to work with Haymon instead (Linares v. Mikey if they both win, on PBC)

Now the media needs to turn the tables and start blaming Golden Boy for not working with PBC. There is no reason fighters like Linares, the champion, has to fight overseas twice with no U.S. TV exposure.

In the post fight press conference, he was talking about how managers and promoters take advantage of fighters (regarding the money). He didn't go too deep into specifics, but he was talking as if he had been a victim of those practices at some point in his career. The video was put up by FightHype. It's the video where he's discussing the quality of Gervonta's support system.

[MrRolltide91]

Ballgame...

[DeadLikeMe]

Judge ruled that Golden Boy didn't properly define #boxing manager market or show large entry barriers to becoming a manager.

— Paul Gift (@MMAanalytics) January 27, 2017

Judge: Haymon had 6 boxers testifying they were not coerced to use a particular promoter, Golden Boy had 0 boxers saying they were.

— Paul Gift (@MMAanalytics) January 27, 2017

****ing called this exactly years ago citing how there are pretty much zero barriers of entry to being a boxing promoter/manager/whatever.