I didn't see a thread for the article posted by Kevin Iole on Yahoo Sports regarding Alvarez's allegations in his lawsuit, some hilights:
1) Lawsuit was dismissed on technical grounds and Alvarez can resubmit by September 28.
2) Alleges that ODLH gave both Canelo and DAZN final right to approve opponents in separate contracts with each (DAZN contract on October 11 and Canelo contract on October 17).
3) When Canelo found out, he was furious and almost backed out because his contract didn't mention DAZN had the right.
4) In order to make the deal go through, ODLH personally guaranteed liability for DAZN's payments to Canelo. Canelo would most likely be seeking the money from ODLH and GB as opposed to DAZN.
Iole goes on to say that Canelo was also upset that ODLH used his deal with DAZN to secure a separate Golden Boy deal with the streaming service.
What's interesting is that Alvarez and DAZN don't actually have a contract with each other. They have separate contracts with Golden Boy and ODLH. Iole notes that the presence of the lawsuit allows Canelo and his attorneys to speak directly with DAZN. Without the lawsuit, if Canelo spoke directly with DAZN, Golden Boy could make accusations of "tortious interference*.
Reading between the lines, the lawsuit sounds like a means to sever his relationship with Oscar and GB. The fact that Iole states that the lawsuit allows Canelo to speak directly with DAZN infers that Alvarez may be open to dealing with the streaming service directly. Very interesting developments...
1) Lawsuit was dismissed on technical grounds and Alvarez can resubmit by September 28.
2) Alleges that ODLH gave both Canelo and DAZN final right to approve opponents in separate contracts with each (DAZN contract on October 11 and Canelo contract on October 17).
3) When Canelo found out, he was furious and almost backed out because his contract didn't mention DAZN had the right.
4) In order to make the deal go through, ODLH personally guaranteed liability for DAZN's payments to Canelo. Canelo would most likely be seeking the money from ODLH and GB as opposed to DAZN.
Iole goes on to say that Canelo was also upset that ODLH used his deal with DAZN to secure a separate Golden Boy deal with the streaming service.
What's interesting is that Alvarez and DAZN don't actually have a contract with each other. They have separate contracts with Golden Boy and ODLH. Iole notes that the presence of the lawsuit allows Canelo and his attorneys to speak directly with DAZN. Without the lawsuit, if Canelo spoke directly with DAZN, Golden Boy could make accusations of "tortious interference*.
Reading between the lines, the lawsuit sounds like a means to sever his relationship with Oscar and GB. The fact that Iole states that the lawsuit allows Canelo to speak directly with DAZN infers that Alvarez may be open to dealing with the streaming service directly. Very interesting developments...
Comment