So Canelo and Golden Boy are basically done right?

[edgarg]

There is a legal term called Force Majeure, and I've mentioned it on this site before, just a couple of weeks ago.

It's a standard precaution in contracts, that releases one or both sides, from their legal obligations, due to items like strikes, wars, hurricanes, epidemics and such things which are also referred to as "acts of god"- which term is also often also included in contracts. I've seen many such. In fact I don't think I ever saw a contract without them. .

I believe, assuming that their contracts contain this common precaution, that the COVID-19 Virus Pandemic will be used by the defending party or parties. The defending party may use the clause to suspend "delivery":, in this case, until the Pandemic is over and crowds are allowed back into the stadiums.

I have read that Oscar did not present Alvarez with the contracts or proposals, which could be classed as negligent. If so then Oscar may be liable, but, if he is sued, he also may say that he didn't present it because the Pandemic made it a matter of Force Majeure..

A very interesting, unfolding legal matter. We'll see if Oscar's "head movements" and "foot-work" are up to his former expertise. If he was/is now on friendly terms with Arum, I'd ask Arum's advice, on a purely personal basis. I think he knows more about Contract Law than any handful of practicing lawyers.

[Thuglife Nelo]

From the athletic article



That's a clear breach of contract by Golden Boy and the restructured offer from DAZN is a slap in the face. The deal they offered Canelo is a deal he could get from PBC, Showtime, or Bob Arum. Probably could get a better deal because he'd be earning a percentage of $75 instead of a percentage of $20. Or is it a percentage of the yearly $100 sub?

Canelo needs to tell dazn to fuuck off sue them and then go to showtime

I think the point of this thread is that it's starting to look like it was Oscar and GBP who weren't straight with Canelo and not DAZN. Maybe he should go to Espinoza / SHO but I'm not sure he has grounds for suing DAZN if GBP didn't ever show him the DAZN contract. Dunno though, let's see what comes out going forward.

Cmon guys, Cobra, you’re better than this... the comprehension seems lacking even you had had it in bold.

The major concern, as in the bold about approval rights, is that GBP would do as Canelo says, always, in getting the fights he wanted. Difference is that GBP had more flexibility with HBO and Showtime before to PRESENT options that benefitted everyone.

Therefore, the problem is that GBP COULDNT proceed with Canelo’s demands because GBP RELIES on DAZN funding/approval. From Canelo’s point of view, that’s not his problem of course. The Mexican was promised, and GBP couldn’t reciprocate, so GBP has been pointing the finger at DAZN.

So enough with the “breach of contract.” That’s a soft way to view it. What’s WORSE is it’s VERY HARD for us as fans to know if GBp and DAZN colluded behind the scenes. That’s what the “Fraud” is based on. Telling boxing fans to buy things based on their GBp and DAZN’s agenda without Canelo knowing guarantees or him not having the final say.

The ONLY WAY Canelo can get to DAZN is to technically file against GBP. It’s the only bridge, and I’ve said before, regardless of Canelo and Oscar’s relationship - which I believe Canelo knew about this deal mishap back in 2019 - the final straw was his missed dates and no backup funding for Canelo’s fights. Unfortunately, Canelo has to side with GBP atm but it doesn’t mean he is for them.

By now DAZN has seen that Canelo is flexible having acknowledged a 30% cut.

Realistically, if Canelo wasn’t tied to GBP, I truly believe DAZN would give Canelo more. This is what’s happening now. DAZN are trying to help both GBP and Canelo by redoing all contracts. That takes time to do, evaluation for GBP. Because King Ry and Vergil rely on Canelo’s cards imo. Ryan can now do solo headers, but it’s not good business should GBp lose Canelo or how Ryan would resonate with that.

What GBP should’ve done is get ONE Q4 fight out of the way with Canelo’s 30% cut and GBP pay for it out of pocket, the difference. At this point we don’t care about GBp’s assets or Oscar’s assets. If it means to sell a property or ownership worth $10mil then do it. In the end, GBP or Oscar can make up for that. There’s just too much insecurity from GBP they need to bite the bullet and be humbled because at this rate Canelo doesn’t care anymore for excuses from either parties the dude just wants to fight.

Regarding PBC or Top Rank and even Matchroom... I’m not sure Canelo would take those either. Though Matchroom would be the wisest. Call me crazy but I think Hearn would shift gears more than ever to make Canelo fights happen. It means he’d changed out of character not being cheap, knowing Canelo can win under your investment.

[Citizen Koba]

Cmon guys, Cobra, you’re better than this... the comprehension seems lacking even you had had it in bold.

The major concern, as in the bold about approval rights, is that GBP would do as Canelo says, always, in getting the fights he wanted. Difference is that GBP had more flexibility with HBO and Showtime before to PRESENT options that benefitted everyone.

Therefore, the problem is that GBP COULDNT proceed with Canelo’s demands because GBP RELIES on DAZN funding/approval. From Canelo’s point of view, that’s not his problem of course. The Mexican was promised, and GBP couldn’t reciprocate, so GBP has been pointing the finger at DAZN.

So enough with the “breach of contract.” That’s a soft way to view it. What’s WORSE is it’s VERY HARD for us as fans to know if GBp and DAZN colluded behind the scenes. That’s what the “Fraud” is based on. Telling boxing fans to buy things based on their GBp and DAZN’s agenda without Canelo knowing guarantees or him not having the final say.

The ONLY WAY Canelo can get to DAZN is to technically file against GBP. It’s the only bridge, and I’ve said before, regardless of Canelo and Oscar’s relationship - which I believe Canelo knew about this deal mishap back in 2019 - the final straw was his missed dates and no backup funding for Canelo’s fights. Unfortunately, Canelo has to side with GBP atm but it doesn’t mean he is for them.

By now DAZN has seen that Canelo is flexible having acknowledged a 30% cut.

Realistically, if Canelo wasn’t tied to GBP, I truly believe DAZN would give Canelo more. This is what’s happening now. DAZN are trying to help both GBP and Canelo by redoing all contracts. That takes time to do, evaluation for GBP. Because King Ry and Vergil rely on Canelo’s cards imo. Ryan can now do solo headers, but it’s not good business should GBp lose Canelo or how Ryan would resonate with that.

What GBP should’ve done is get ONE Q4 fight out of the way with Canelo’s 30% cut and GBP pay for it out of pocket, the difference. At this point we don’t care about GBp’s assets or Oscar’s assets. If it means to sell a property or ownership worth $10mil then do it. In the end, GBP or Oscar can make up for that. There’s just too much insecurity from GBP they need to bite the bullet and be humbled because at this rate Canelo doesn’t care anymore for excuses from either parties the dude just wants to fight.

Regarding PBC or Top Rank and even Matchroom... I’m not sure Canelo would take those either. Though Matchroom would be the wisest. Call me crazy but I think Hearn would shift gears more than ever to make Canelo fights happen. It means he’d changed out of character not being cheap, knowing Canelo can win under your investment.

I'm not even sure what you're arguing with the first paragraph there, you simply seem to be agreeing that GBP failed to live up to their commitments to Canelo - which is the legal issue at stake here, at least as far as I understand it. I ain't looked over the claims thoroughly though and without the full text of the contracts which - as far as I know - ain't in the public domain, all we got is speculation. I was merely clarifying the case as best I understand it at the present time.

As for who Canelo should go with next... well, for him to figure out I guess, Matchroom is tied to DAZN which hasn't yet made a huge impact on the US market and remains an uncertain prospect though may still be able to offer the highest guarantees on pay, SHO/Espinoza/PBC are very strong at 147 and 154 but ain't got masses of intriguing fights for Canelo in and around 168 so I wouldn't be surprised if he went with TR although I imagine going forward he'll be going in to any kinda contract negotiations heavily lawyered up with guarantees written - metaphorically - in blood.

[paulf]

We'll see what happens this coming week; I'm thinking Canelo comes back with a close counter. With no live gates and questionable economic outlook, going back to the PPV model is a risky move; he could easily find himself doing Liam Smith-era 280k PPV numbers and take home a fraction of what he was offered with the new DAZN deal.

[Thuglife Nelo]

I'm not even sure what you're arguing with the first paragraph there, you simply seem to be agreeing that GBP failed to live up to their commitments to Canelo - which is the legal issue at stake here, at least as far as I understand it.

If DAZN wasn’t empathetic and secure with legal terms they wouldn’t bother dealing with a resolution and proceed with the lawsuit. Truth is Canelo is a huge asset to their Boxing investment. They are the only Broadcaster with exclusivity for Canelo, and not providing fights to global fans makes them look bad since the casual subscriber, many, don’t care about the politics only what was promised. Therefore, Canelo simply can’t blame everything on GBP unless Canelo can prove that GBP before didn’t give Canelo the fights he wanted.

Hence, “approval.” DAZN has done themselves a bit of disservice, though their “discretion,” for what premier fights are. You’ve got Youtubers, MMA lists... GBP too could represent Canelo for the approvals since theirs a lot of inconsistency going around. This is why all parties trying to resolve the issue.

What we don’t know is, for a fact, if Golovkin was in WRITING for contracts, including GGg Promotions which would look really really bad on DAZN for collusion without Canelo’s consent. Hence, “Fraud.” You’ve got industry writers saying repeatedly that DAZN wanted the GGG fight. DAZN never refuted that, and if it’s in writing by all parties including GGG Promotions then the case gets really messy and LONG to resolve.

I believe in Karma. Good things will come for Canelo. As much hate and doubt people put on him the true light will persevere.

[Citizen Koba]

If DAZN wasn’t empathetic and secure with legal terms they wouldn’t bother dealing with a resolution and proceed with the lawsuit. Truth is Canelo is a huge asset to their Boxing investment. They are the only Broadcaster with exclusivity for Canelo, and not providing fights to global fans makes them look bad since the casual subscriber, many, don’t care about the politics only what was promised. Therefore, Canelo simply can’t blame everything on GBP unless Canelo can prove that GBP before didn’t give Canelo the fights he wanted.

Hence, “approval.” DAZN has done themselves a bit of disservice, though their “discretion,” for what premier fights are. You’ve got Youtubers, MMA lists... GBP too could represent Canelo for the approvals since theirs a lot of inconsistency going around. This is why all parties trying to resolve the issue.

What we don’t know is, for a fact, if Golovkin was in WRITING for contracts, including GGg Promotions which would look really really bad on DAZN for collusion without Canelo’s consent. Hence, “Fraud.” You’ve got industry writers saying repeatedly that DAZN wanted the GGG fight. DAZN never refuted that, and if it’s in writing by all parties including GGG Promotions then the case gets really messy and LONG to resolve.

I believe in Karma. Good things will come for Canelo. As much hate and doubt people put on him the true light will persevere.

I'm reading lots of words but not really grasping much coherent meaning, man. Is that you or me?

[Thuglife Nelo]

I'm reading lots of words but not really grasping much coherent meaning, man. Is that you or me?

That’s you. It’s because I added Golovkin in the picture.

Without knowing that context is ****** IMO...

[Citizen Koba]

That’s you. It’s because I added Golovkin in the picture.

Without knowing that context is ****** IMO...

Ummm. No. No, I just read whole thing again and I'm pretty sure it makes almost no sense... it's like the words and sentences are put together in a way that looks like they should be saying something reasonably sensible, but yet when you actually try to puzzle it out, they .... don't.

[Citizen Koba]

How is DAZN going to renege on their original deal? If I'm Canelo I take their ass to court.

But it looks like Canelo didn't have a deal with DAZN, he had one with GBP if I'm understanding correctly. What's being proposed now is that DAZN make a deal directly with Canelo rather than through GBP, which is what created the issue here. At least that's how I'm understanding it.

[Toffee]

Ummm. No. No, I just read whole thing again and I'm pretty sure it makes almost no sense... it's like the words and sentences are put together in a way that looks like they should be saying something reasonably sensible, but yet when you actually try to puzzle it out, they .... don't.

I was lost at 'empathetic and secure'.