Originally posted by kushking
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Canelo: Unaware of deal that cost IBF title belt
Middleweight world champion Canelo Alvarez claimed on Friday that he was unaware of the deal his promoter, Golden Boy Promotions, made with the IBF that ultimately cost him one of his 160-pound title belts.
"I'm very upset and ashamed with my fans, to be unfairly stripped of my belt by the IBF, but specially when I did not have the knowledge of the agreement that GBP match maker had signed," Alvarez wrote Friday evening on social media...
Golden Boy and DiBella had been far apart on money. According to multiple sources with knowledge of the discussions, Golden Boy's last offer was $5.5 million to the Derevyanchenko side, which was seeking $7 million. Had the fight gone to a purse bid, Derevyanchenko would have been entitled to 35% of the winning bid.
Now Alvarez claims he had no idea that the deal Golden Boy and DiBella agreed to with the IBF would cost him his belt without there even being a purse bid. Golden Boy CEO Oscar De La Hoya lashed out at the IBF in a statement issued after Alvarez was stripped on Thursday, in which he threatened possible legal action, even though the IBF followed its rules.
De La Hoya did not respond to a request from ESPN for a comment on Alvarez's assertion that he was not informed of the deal with the IBF. However, a Golden Boy spokesman provided ESPN with a statement from the company, although it did not address Alvarez's comments.
https://www.espn.com/boxing/story/_/...ibf-title-belt
I stand by my statement: Oscar is suspect!
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