DAZN is looking to cut Canelo's money dramatically

[Eff Pandas]

Sure, they are. If they want to stay in business; Then it's a must that they restructure his contract.

Why would Canelo agree to do that doe?

[Diegosome1]

They better be cutting Golovkin's too. Both contracts were too big.

lol tf

“What about golovkin”

[Shadoww702]

Severe sign of the times: Julio Cesar Martinez—who was due to face McWilliams Arroyo—has, o/b/o Matchroom Boxing USA—requested a voluntary by end of year, with admission that DAZN budget and dates have been slashed. #WBCConvention58

— Jake Donovan (@JakeNDaBox) August 13, 2020

They can't even afford McWilliams Arroyo looks like

LMFAO!!! Damn times are tough....

[ShoulderRoll]

DAZN USA is in trouble unless Blavatnik throws more money at it.

They should have let Golden Boy run the show not Eddie Hearn.

[Eff Pandas]

Might as well sell this failed experiment now.

Who's buying a sports channel during the Covid era?

Probably best to sink or swim as a still fairly new company than sell. Seeing pennies on the dollar if you get out now most likely. Letting it ride & losing will have similar losses & you could still figure things out & cash a lottery ticket on the investment. Seems worth the gamble to me.

[Eff Pandas]

They should have let Golden Boy run the show not Eddie Hearn.

Yea that was a silly move. I assume they expected bigger things from Eddie than he delivered with his US facing promotion.

[Thuglife Nelo]

wait for drama with GGG Promotions since it's a big part of DAZN Global. Expect inquiry for what GGG will get to justify pay cuts from other clients. Which means, if DAZN acknowledges such inquiries, they might do the same to GGG and then expect A BIGGER DRAMA SHOW!!

[Eff Pandas]

Severe sign of the times: Julio Cesar Martinez—who was due to face McWilliams Arroyo—has, o/b/o Matchroom Boxing USA—requested a voluntary by end of year, with admission that DAZN budget and dates have been slashed. #WBCConvention58

— Jake Donovan (@JakeNDaBox) August 13, 2020

They can't even afford McWilliams Arroyo looks like

If they are cutting costs they would need to cut them across the board & it's possible some boxers would be more or less accepting of them. So everyone should be feeling it more than it's about them affording certain fights or not.

Personally I think anyone with a long term contract (& no ownership incentive like GGG seems to have) should use that as leverage to get their agreed to money or get out of their deal...unless they legit think they got a cherry unbeatable deal or are unlikely to find the money anywhere else that beats the new offer. Canelo for sure shouldn't accept a new deal unless it's a low % being cut cuz he can generate money on PPV like no one else can these days.

[champion4ever]

Why would Canelo agree to do that doe?

He doesn't. He has the option to sue for breach of contract but that would put DAZN out of business indefinitely.

They will be forced to file for some type of bankruptcy relief because they are in debt and cannot afford to pay off all their bills.

If they just so happen to go that route or option then chances are that Canelo won't see another red cent because they would no longer be in business.

[Robi13]

If they are cutting costs they would need to cut them across the board & it's possible some boxers would be more or less accepting of them. So everyone should be feeling it more than it's about them affording certain fights or not.

Personally I think anyone with a long term contract (& no ownership incentive like GGG seems to have) should use that as leverage to get their agreed to money or get out of their deal...unless they legit think they got a cherry unbeatable deal or are unlikely to find the money anywhere else that beats the new offer. Canelo for sure shouldn't accept a new deal unless it's a low % being cut cuz he can generate money on PPV like no one else can these days.

Well said, canelo ggg and any other fighter that has a contract with DAZN does not have to agree to anything that’s not already in writing of said contract. They are literally in the drivers seat. Canelos situation is a bit unique to those others however, because like you mentioned, he can generate the same if not more via the PPV model... so he truly is in a win win situation. Can’t say the same for the rest of the roster specially if you can’t sell to casuals.