Originally posted by Dr Rumack
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Can some explain this to me? Haymon/Dibella/Spence
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Originally posted by Motorcity Cobra View PostI think so. If you recall the original Top Rank lawsuit got tossed out and the judge told them to go back and rewrite it and file again. Their lawsuit never got as far as Golden Boy's. Arum settled with Haymon and the agreement was Haymon remove his exclusivity deal with the networks.
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Originally posted by Koba-Grozny View PostUmmm. Am I getting this right? You believe Arum is the source but you don't actually have proof then? Educated speculation? Again, I ain't saying you're wrong, but if that is the case, then you can't really hang any arguments off it, either.
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Originally posted by suffolkbull3 View Postso with that being said i guess oscar felt haymon was in the wrong and wanted some of that money as well?
Oscar could've had some of that money if he wouldn't have listened to people in his ear telling him to get rid of Schaefer. Oscar was vulnerable at the time. He'd just gotten out of rehab. He went and had that dinner with Bob to make amends (that's something they teach you in rehab) Remember how him and Bob were supposed to work together to make all these fights? Whatever happened to that? Bob is probably in his ear telling him that Schaefer and Haymon are playing him. Gomez is probably in his ear because Gomez wanted Schaefer's job. Now the man that built Golden Boy into the #1 promoter in the game is getting all the blame from Oscar.
The original plan was for Golden Boy to promote all the PBC cards. Oscar even talked about it in an interview. But the only problem was Oscar was to unstable to get investors to invest money. That's why Haymon offered him $100 mil to buy out his majority shares in the company.'
Here is the article where Oscar talks about starting something similar to PBC
http://www.broadcastingcable.com/new...w-fight/126187Last edited by Motorcity Cobra; 02-01-2018, 07:07 PM.
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Originally posted by Motorcity Cobra View PostHis feelings were hurt because Haymon had his own plans after paying Oscar close to $20 mil to buy out all those fighters. That' another thing. People say Haymon stole Oscar's fighters, naw, he paid Oscar almost $20 mil for those fighters.
Oscar could've had some of that money if he wouldn't have listened to people in his ear telling him to get rid of Schaefer. Oscar was vulnerable at the time. He'd just gotten out of rehab. He went and had that dinner with Bob to make amends (that's something they teach you in rehab) Remember how him and Bob were supposed to work together to make all these fights? Whatever happened to that? Bob is probably in his ear telling him that Schaefer and Haymon are playing him. Gomez is probably in his ear because Gomez wanted Schaefer's job. Now the man that built Golden Boy into the #1 promoter in the game is getting all the blame from Oscar.
The original plan was for Golden Boy to promote all the PBC cards. Oscar even talked about it in an interview. But the only problem was Oscar was to unstable to get investors to invest money. That's why Haymon offered him $100 mil to buy out his majority shares in the company.'
Here is the article where Oscar talks about starting something similar to PBC
http://www.broadcastingcable.com/new...w-fight/126187
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Originally posted by suffolkbull3 View Postholy ish!!! i didnt know any of that.. did haymon get any good fighters for that $20mil?
Towards the end of his decision, Judge Walter swiftly rejected Golden Boy’s claim that Haymon violated the Muhammad Ali Boxing Reform Act by simultaneously serving as his boxers’ manager and promoter (via the PBC). He noted that boxers and government agencies are the only parties with standing to claim a violation of the Ali Act, explaining, “…the conflict of interest provision in the Ali Act was not intended to compensate promoters for lost profits.”
In reading through the decision, one couldn’t help but imagine Judge Walter doing the ***embe Mutombo finger wag as he tore into “failed” Golden Boy claims in key sections and the work, or lack thereof, of its expert witnesses. Golden Boy’s apparent reliance on “certain informal, vague, and hearsay conversations” and “utter speculation” was identified and squashed by the judge, a point driven home with a quote in the opening paragraph of his discussion, “…anecdotal speculation and supposition are not a substitute for evidence…”
Closer to $15 mil than $20 mil as I orignally stated
Haymon en****** paid Golden Boy $10.5 million in January 2015 as part of a December 2014 settlement agreement to the arbitration case involving former Golden Boy CEO Richard Schaefer, according to an expert report by Michael Smith. As part of the deal, Golden Boy lost the promotional rights to 18 boxers including Danny Garcia, Keith Thurman, Marcos Maidana, Lamont Peterson, Adrien Broner, Peter Quillin, Erislandy Lara, Daniel Jacobs, Abner Mares, Andre Berto, Victor Ortiz, Devon Alexander, Shawn Porter, Robert Guerrero, and Deontay Wilder.
In February 2015, four more boxers’ exclusive promotional rights were terminated in exchange for $3.5 million, per the Smith expert report.Last edited by Motorcity Cobra; 02-01-2018, 07:49 PM.
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Originally posted by Motorcity Cobra View PostHe's running Evander Holyfield's Real Deal promotions now
That was the rumor put out by Golden Boy fed to Dan Rafael and others who repeated it. And you fell for it
You should read up on the way Haymon transformed promoting in the music business. Entertainment promoting in general really.
Spence also sat down with Matchroom. Don't act like he almost didn't sign. Haymon fighters like many others, get paid a lot more than whats on a commission sheet. If you learn the business you would know that. There are many ways fighters can get paid besides whats on the commission sheets like advances, training camp expenses, purses paid to their own personal promotional companies, etc. They are tax shelters. Foreign fighters do it all the time. I would bet you 10k right now that Spence got paid more than 1.2million for Peterson and you wouldn't take my bet because you know I am right
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Originally posted by Motorcity Cobra View PostI think so. If you recall the original Top Rank lawsuit got tossed out and the judge told them to go back and rewrite it and file again. Their lawsuit never got as far as Golden Boy's. Arum settled with Haymon and the agreement was Haymon remove his exclusivity deal with the networks.
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Originally posted by paulf View PostHaymon was commanding that much for his fighters for years, way before PBC. It probably came to public consciousness with Andre Berto, when he turned down the fight with Cotto because the 2mil or whatever he was offered wasn't worth the risk when he was making over a million bucks a fight against the likes of Freddy Hernandez. People were shocked and confused.
Haymons been around the block; first it was HBO's coffers he was raiding, then Showtimes, then the private investment that created PBC, and now Showtime again.
People have been asking how the hell he gets away with these insane purses for his fighters, a good number of which have no drawing power whatsoever, for years. For the longest time the only explanation was that he had Mayweather as leverage, but Floyd retired and it seems he still has ever bit as much as pull as before when it comes to getting his fighters paid.
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