How the **** do you end up with 29k from a guarantee 300k purse?
Comments Thread For: Amir Imam Sues Don King, Claims Fraud and Deceptive Practices
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What kind of dumbass analogy is that
you bought spoiled milk knowing a history of rotten milk from the brand thats your fault.
If you know a certain type of milk causes cancer and still buy it you deserve what’s coming “ass wipe”
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learning from don was one of the greatest honors of my life. yes he's shady, but he's an absolute genius and the greatest promoter that ever lived.
read imam's contract. just brilliant. one of the most one sided contracts ever written.Comment
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It wasn't a 300k purse. It was a 100k purse. 25% paid in advance to cover training and expenses. 43% paid to trainers and managers (33% management fee & 10% trainer fee are common). 3% paid to WBC for sanctioning. The leaves $29,000.
What's alleged is that 300k is what Top Rank paid King for the right to use Imam. If King got Imam to agree to accept 100k, and convinced Top Rank to give King 300k, 200k is King's profit. This is business after all. Not a charity.Comment
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Good business doesn't have to involve screwing someone over. Piece of **** people hide behind that notion.It wasn't a 300k purse. It was a 100k purse. 25% paid in advance to cover training and expenses. 43% paid to trainers and managers (33% management fee & 10% trainer fee are common). 3% paid to WBC for sanctioning. The leaves $29,000.
What's alleged is that 300k is what Top Rank paid King for the right to use Imam. If King got Imam to agree to accept 100k, and convinced Top Rank to give King 300k, 200k is King's profit. This is business after all. Not a charity.Comment
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If Imam agreed to everything, then it's not screwing him over. You're only owed what was agreed to. If Imam agreed to a 100k purse, if Imam agreed to 25k up front, if Imam agreed to 33% to his managers, if Imam agreed to 10% to his trainer, if Imam agreed to 3% to the WBC, that means he's owed $29,000 after the fight.
I'm not saying he agreed to all of those things. The judge will decide. But it's only screwing someone over if you don't keep up your end of the bargain. Has nothing to do with whether fans on the internet find the bargain to be fair.Comment
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