So Canelo and Golden Boy are basically done right?

[Thuglife Nelo]

the best they could offer canelo is pretty much the same thing that made him decide to go to court. he’s not sticking around

I think it’s a lot more complicated than we think, and that’s why I always bring up GGg’s contract. “Equity” is a very sensitive matter. Remember that GGG Promotions is it’s own separate deal. People talk behind the scenes. if GGG Promotions truly does get a percentage from company growth then Canelo’s legal would know about it. This is why said double dipping was a problem back in 2019.

Giving “equity” to a fighter is a bad idea... depending on the percentage... who know maybe GGG Promotions has a bad deal too, but I doubt it. Whatever Canelo does to help DAZN grow means GGG benefits off that. See how that’s a problem?

I’m a fan of Canelo Alvarez first. That’s why I pushed for DAZN. I told everyone that Canelo never cared about the Trilogy. Think about it. When Canelo knew that GGg got a $100mil deal and everyone was pressuring Canelo to take the fight, isn’t that obviously insulting and trying to clout chase off of Canelo’s name? That’s why I feel DAZN did some foul play, regardless if they were naive dealing with Oscar, but making the trilogy was never Canelo’s priority.

Btw, that’s none of GGg’s fault! Lol. Hes always been in a good seat! Canelo ain’t feeling that

[GGG Gloveking]

Your explanation of Force Majeure isn't correct. Force Majeure means ALL OPERATIONS HAVE CEASED. Golden Boy is still putting on cards. Force Majeure doesn't mean the economy isn't as good as it once was so now I can't pay you what we agreed to.

His definition of Force majeure is correct. From Blacks Law Dictionary, force majeure is "an event of effect that can be neither anticipated nor controlled; esp., an unexpected event that prevents someone from doing or completing something that he or she had agreed or officially planned to do. The term includes both acts of nature (e.g., floods and hurricanes) and acts of people (e.g., riots, strikes and wars)"

[2ndroundko]

I think it’s a lot more complicated than we think, and that’s why I always bring up GGg’s contract. “Equity” is a very sensitive matter. Remember that GGG Promotions is it’s own separate deal. People talk behind the scenes. if GGG Promotions truly does get a percentage from company growth then Canelo’s legal would know about it. This is why said double dipping was a problem back in 2019.

Giving “equity” to a fighter is a bad idea... depending on the percentage... who know maybe GGG Promotions has a bad deal too, but I doubt it. Whatever Canelo does to help DAZN grow means GGG benefits off that. See how that’s a problem?

I’m a fan of Canelo Alvarez first. That’s why I pushed for DAZN. I told everyone that Canelo never cared about the Trilogy. Think about it. When Canelo knew that GGg got a $100mil deal and everyone was pressuring Canelo to take the fight, isn’t that obviously insulting and trying to clout chase off of Canelo’s name? That’s why I feel DAZN did some foul play, regardless if they were naive dealing with Oscar, but making the trilogy was never Canelo’s priority.

Btw, that’s none of GGg’s fault! Lol. Hes always been in a good seat! Canelo ain’t feeling that

either way the deal they’re offering canelo is hilarious. he’s re-filing the case as the b-scene article states. that’s that.

[Motorcity Cobra]

His definition of Force majeure is correct. From Blacks Law Dictionary, force majeure is "an event of effect that can be neither anticipated nor controlled; esp., an unexpected event that prevents someone from doing or completing something that he or she had agreed or officially planned to do. The term includes both acts of nature (e.g., floods and hurricanes) and acts of people (e.g., riots, strikes and wars)"

And none of that applies here. Operations haven't ceased. Golden Boy are still putting on cards. Have you noticed DAZN isn't claiming that's the reason they aren't paying Canelo? Their issue is "premier opponent" Golden Boy aren't claiming Force Majeure either because they know it doesn't apply

[Motorcity Cobra]

DAZN wasn’t going to pay premium for no football products when the pandemic skyrocketed.

But others did. Fox, ESPN, CBS, e.t.c They showed themselves to be stable. I could understand if they went a year without any content but they stopped paying quick. That shows instability

[GGG Gloveking]

And none of that applies here. Operations haven't ceased. Golden Boy are still putting on cards. Have you noticed DAZN isn't claiming that's the reason they aren't paying Canelo? Their issue is "premier opponent" Golden Boy aren't claiming Force Majeure either because they know it doesn't apply

I'm not arguing the applicability of force majeure in this situation. What I'm saying is that a ceasing of operations is not required to enact a force majeure clause. If I have an international corporation, and there's a tsunami in Japan, I can be relieved of my Japanese obligation, even if American operations are normal.

The best way to understand it, is to look at the French meaning. "A superior force" which is acting on, and affecting performance on a contract.

[Toffee]

I'm not arguing the applicability of force majeure in this situation. What I'm saying is that a ceasing of operations is not required to enact a force majeure clause. If I have an international corporation, and there's a tsunami in Japan, I can be relieved of my Japanese obligation, even if American operations are normal.

The best way to understand it, is to look at the French meaning. "A superior force" which is acting on, and affecting performance on a contract.

It's not a get out of jail free card, though.

You don't get to exercise a Force Majeure clause just because it makes things a bit harder. Its legal meaning is far more relevant than its translation.

And in the case of COVID, it's not even the pandemic that's stopping people from attending events, it's Governments. Very different from a Tsunami that wipes out infrastructure and venues.

[GGG Gloveking]

It's not a get out of jail free card, though.

You don't get to exercise a Force Majeure clause just because it makes things a bit harder. Its legal meaning is far more relevant than its translation.

And in the case of COVID, it's not even the pandemic that's stopping people from attending events, it's Governments. Very different from a Tsunami that wipes out infrastructure and venues.

Frankly, it is a "get out of jail free" card. If the elements of force majeure are met, which include attempts of mitigation by the affected party, then the force majeure clause can effectively release said party from contractual obligations.

Once again, I'm not arguing applicability in this situation, but merely providing correction to the idea that termination of operations is an element of force majeure

[Thuglife Nelo]

But others did. Fox, ESPN, CBS, e.t.c They showed themselves to be stable. I could understand if they went a year without any content but they stopped paying quick. That shows instability

Different markets, different sports, different regions. Football in Europe is different than American sports. You already acknowledged the problem before, in the bold, it’s about the approval process and the subjectivity for discretion. DAZN imo were trolling with an Oscar and MMA list for Canelo? I mean seriously? By doing that of course Canelo has to approach a legal matter because that in itself doesn’t make any sense when consulting exists... they invested in the “best boxer” and were pulling strings with approval? Maybe they should’ve kept it simple with the purses than add nonsensical names. Who knows maybe they thought tacky and seriously wanted a Hail Mary commercialism to give Canelo an odd fight that would attract. I dunno.

ESPN, Fox, they didn’t have to deal with those because during the current Covid season they had no stars or circumstances as such. Remember Messi, Ronaldo those guys only acknowledged a cut to their salaries for 5 months up to September. Therefore, they’re getting their premiums again, and such high profile stars deserve it yes since they run that sport? DAZN Global is about to launch. It means more subscriptions automatically. So they’re taking the piss to not want to pay Canelo his premium, which, they control, because they give GBP the funding to make that happen.

[elfag]

I think it’s a lot more complicated than we think, and that’s why I always bring up GGg’s contract. “Equity” is a very sensitive matter. Remember that GGG Promotions is it’s own separate deal. People talk behind the scenes. if GGG Promotions truly does get a percentage from company growth then Canelo’s legal would know about it. This is why said double dipping was a problem back in 2019.

Giving “equity” to a fighter is a bad idea... depending on the percentage... who know maybe GGG Promotions has a bad deal too, but I doubt it. Whatever Canelo does to help DAZN grow means GGG benefits off that. See how that’s a problem?

I’m a fan of Canelo Alvarez first. That’s why I pushed for DAZN. I told everyone that Canelo never cared about the Trilogy. Think about it. When Canelo knew that GGg got a $100mil deal and everyone was pressuring Canelo to take the fight, isn’t that obviously insulting and trying to clout chase off of Canelo’s name? That’s why I feel DAZN did some foul play, regardless if they were naive dealing with Oscar, but making the trilogy was never Canelo’s priority.

Btw, that’s none of GGg’s fault! Lol. Hes always been in a good seat! Canelo ain’t feeling that

I took it as a very bad sign reading the rumors of GGG being paid half his purse in DAZN equity, for many reason. First its not exactly liquid and accessing the value to equate to a dollar amount is hard when its not publically traded. Second hes being forced to invest rather than choosing too (ok sure hes choosing to work with them but you know what I mean, would be better to have cash and if he wants to invest in DAZN thats his choice), Third, I think the company is way overpaying fighters and will go bankrupt with is equity end up being worthless. Fourth, it means to me they likely have cash problems and dont have the money, hence paying fighters with shares.