Advertisement
Advertisement
Boxingscene.com

Frampton Says He Left McGuigan After Getting £397,000 Tax Bill

As previously reported by BoxingScene.com, a very tense legal battle began earlier this week at the High Court of North Ireland, between former world champion Carl Frampton and his ex-manager and promoter Barry McGuigan.

Frampton claims that he finally parted ways with McGuigan last year after the taxman called the boxer's home about a £397,000 company VAT bill.

In his legal papers, Frampton claims that McGuigan was "ripping him off and concealing it."

frampton-mcguigan

Frampton is suing over allegedly withheld earnings, has also said the cracks in the relationship with McGuigan first appeared when he was allegedly "fobbed off" about being paid after defeating rival Scott Quigg in February 2016.

In a sworn statement he accused McGuigan of abusing the trust he placed in him to look after his career.

The legal case is Frampton's counter-claim to separate legal proceedings brought against him by McGuigan and Cyclone Promotions at the High Court in London.

McGuigan is claiming a breach of contract, after Frampton left him last summer and signed on with promoter Frank Warren.

Lawyers for McGuigan insisted all of the allegations are categorically denied and argued that the case should be dealt with in London along with Cyclone's suit.

The court heard the name of McGuigan's son Blain, who had previously performed in an indie rock band, was included on a promotional agreement with the boxer.

Gavin Millar QC, on behalf of Frampton, submitted: "In reality the promotion was being done by Barry McGuigan. The presence of Blain McGuigan on the agreement is to mask the obvious conflict that arises through Barry McGuigan being, at that point, both the manager and promoter of the fighter."

He argued there had been a lack of transparency in arrangements for the income from his client's bouts and a "vagueness" about the Cyclone finances.

Justice Horner was told the boxer's doubts about his relationship with McGuigan first emerged in the build up to the pay-per-view unification fight with Scott Quigg.

The purse from the bout was to be split 57.5%-42.5% in his favour, he stated. According to Frampton, however, Quigg was paid before him.

Last year, when he was preparing to face Andres Gutierrez in Belfast - a bout ultimately called off when the Mexican slipped and injured himself in the shower last summer, the boxer was shocked when he was approached about a tax bill.

“He was training for the Gutierrrez fight scheduled for 29 July when the Revenue attended his home in Belfast with a demand for £397,000," counsel said.

The visit related to allegedly unpaid VAT by a Northern Ireland-registered Cyclone Promotions company.

Frampton resigned as a director in the company at that point and appointed an independent accountant, the court heard.

He also alleged in his affidavit: "It's my belief that Barry McGuigan and the McGuigan family abused the trust I placed in them in respect of my career as a boxer. Barry McGuigan was in a position where I expected him to safeguard my interests."

Previously the court was told of disputed allegations, Frampton's parents lodged up to £1m into Mr McGuigan's bank account in Belfast.

The cash had been raised through selling tickets to their son's bouts - although the defendants have put the figure at around £220,000.

Frampton alleged the McGuigans "took advantage" of his parents by asking them to lodge large sums of money into the account.

Tags: Carl Frampton image  
User Comments and Feedback (Register For Free To Comment) Comment by SuperHanz on 02-28-2018

Fuk McGuigan and his son.

Comment by McManus on 02-28-2018

McGuigan is a bum that never fought anybody. No idea why he's being kept around with HOF and other bullshít.

Comment by nycsmooth on 02-28-2018

With the tax system over there and owing 375,000 pounds he didn't make much more than that because they tax around 90% but ultimately is the fighters responsibility but I don't know how they do their taxes in there but…

Comment by Johnny Rubber on 02-28-2018

People who get punched in the face for a living are never very bright. They get ripped off all the time.

Comment by Tatabanya on 02-28-2018

This stuff makes me want to throw up.

Post a Comment - View More User Comments (9)
Top Headlines Mayweather Reacts To Khabib: CBS, SHO - Get The Checkbook! Lebedev vs. Wilson, Zhang vs. Ustinov on November 24, Monaco Shakur Stevenson Wants Josh Warrington Sooner Than Later Lemieux Hopes To Return in December, Fight Canelo in 2019 Bob Arum: I Don't Believe There's An Al Haymon; He's Fictional Team Kautondokwa Praise Ruling on Saunders, Andrade Shot Frampton Open To Gary Russell, Smiles at Warrington's Style Lewis Benson Vows To Bounce Back, Wants Coyle Rematch Zolani Tete To Be Trained By Floyd Mayweather Sr. McGregor's Trainer Doesn't Rule Out Malignaggi Boxing Match Ricky Hatton Expects Very Big Things From Nathan Gorman This Bud's For You, Crawford's Stock Continues To Rise Adonis Stevenson: I'll Prove I'm Still #1, I'll Knock Gvozdyk Out! Mikael Zewski vs. Ali Funeka Set For Stevenson-Gvozdyk Card Rey Vargas Planning To Make Title Defense in December Felix Verdejo vs. Yardley Armenta Cruz on November 10 Ruben Villa Outpoints Miguel Carrizoza Over Eight Rounds Eduardo Hernandez Draws Heavy Interest From U.S. Promoters Wilder Offers Apology Over Mascot, Network Denies Injury Hearn: Chisora, Not Luis Ortiz, is Frontrunner For Whyte Kavaliauskas-Arriaza Winner Could Be Next Foe For Crawford Bob Arum: I Would Love To Make Crawford-Spence Fight Next Khabib To Mayweather: In The Jungle, There is Only One King! Crawford-Benavidez Does Big Ratings For ESPN Photos: Mikaela Mayer Dominates Vanessa Bradford Over Eight Shakur Stevenson: I Want Lee Selby Next, Calling Him Out Forever Photos: Shakur Stevenson, Mike Alvarado, Adames Get KO Wins Crawford Coach: I Told Benavidez He'd Get His Ass Kicked! Photos: Terence Crawford Blasts Jose Benavidez in Twelfth Photos: Francesco Patera Hands Lewis Ritson First Career Loss Photos: Robbie Davies Beats Glenn Foot in Bloody Title Battle Photos: Joshua Buatsi, Dave Allen Grab KO Wins in Newcastle Terence Crawford: It Feels So Good To Shut Jose Benavidez Up Zolani Tete: I Hope Burnett Wins, I've Always Wanted To Face Him Amanda Serrano Gets Submission Win in Second MMA Bout Jose Benavidez: I'm Great Too, I Gave Crawford a Hell of a Fight! Angel Acosta Drills Abraham Rodriguez in Two Rounds Terence Crawford-Jose Benavidez - CompuBox Punch Stats Crawford Breaks Down, Drops, Knocks Out Benavidez in Twelfth Crawford vs. Benavidez - LIVE BoxingScene Scorecard
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement