Thread: What happens to the fighters signed by GB and Haymon when Golden Boy implodes soon?

It has to be asked. If Schaefer parts ways with GB to start a new company with Haymon, and GB hires someone else to run the promotion company, can the fighters signed with Golden Boy leave to fight with Haymon? I assume that they have contracts with Golden Boy that would need to be fulfilled first, right?

I've read a few pieces on this that seem to suggest many of the Haymon fighters don't actually have contracts with GB. That's why you see Oscar at many of these events but he only gets in the ring for GB fighters, hence not at all last weekend.

Originally Posted by Ron Swanson

I've read a few pieces on this that seem to suggest many of the Haymon fighters don't actually have contracts with GB. That's why you see Oscar at many of these events but he only gets in the ring for GB fighters, hence not at all last weekend.

Interesting. So, GB is promoting fighters that it doesn't have contracts with? Does any other promotion company do that?

Khan has signed with Hayman? It seems that there is a new power house promoter in town.

Originally Posted by Rantcatrat

Originally Posted by Ron Swanson

I've read a few pieces on this that seem to suggest many of the Haymon fighters don't actually have contracts with GB. That's why you see Oscar at many of these events but he only gets in the ring for GB fighters, hence not at all last weekend.

Interesting. So, GB is promoting fighters that it doesn't have contracts with? Does any other promotion company do that?

I'm not sure. I had assumed all fighters had a direct contract with a promoter until I read otherwise. And I have no inside information directly tied to that aspect. The only inside info I have is my friend did the foreign investment portion of the SLS remodeling and they had a massive surplus for the foreign side so he did a cost/benefit analysis of a LV stadium project. That gave him access to fight/concert/etcetera revenues I helped analyze. As I was only consulting I had limited access though. I'm sure he would have a better knowledge of it all but it might be illegal for him to disclose.

Originally Posted by Rantcatrat

It has to be asked. If Schaefer parts ways with GB to start a new company with Haymon, and GB hires someone else to run the promotion company, can the fighters signed with Golden Boy leave to fight with Haymon? I assume that they have contracts with Golden Boy that would need to be fulfilled first, right?

Haymon is considered a manager. Not a promotor. So if the fighter has a contract with Golden Boy, they will continue to be promoted by Golden Boy till the contract runs it's course.

Click this link

http://www.boxingscene.com/Complaint.pdf

and you can read Main Events's version of the Stevenson-Kovalev controversy. They think Schaefer and Haymon are working together. Also at the link is a copy of an Al Haymon standard management contract.

Schaefer has been using fighters on shows that are signed to Haymon and not Golden Boy. Oscar just said he was surprised to discover this recently and he also doesn't know how many fighters GBP actually has under contract. This shows how much he's been involved with the business in recent years. Obviously Schaefer and Haymon either have plans to split or Schaefer has been doing this so that he can increase the control he has at GBP.

Oscar also said lawyers have been retained on both sides but he thinks they can work it out and keep Schaefer at GBP. I'm not so sure. Once lawyers get involved they've got their own fucking agenda. Like dovorces.

Originally Posted by Kirkland Laing

Click this link

http://www.boxingscene.com/Complaint.pdf

and you can read Main Events's version of the Stevenson-Kovalev controversy. They think Schaefer and Haymon are working together. Also at the link is a copy of an Al Haymon standard management contract.

Schaefer has been using fighters on shows that are signed to Haymon and not Golden Boy. Oscar just said he was surprised to discover this recently and he also doesn't know how many fighters GBP actually has under contract. This shows how much he's been involved with the business in recent years. Obviously Schaefer and Haymon either have plans to split or Schaefer has been doing this so that he can increase the control he has at GBP.

Oscar also said lawyers have been retained on both sides but he thinks they can work it out and keep Schaefer at GBP. I'm not so sure. Once lawyers get involved they've got their own fucking agenda. Like dovorces.

It would seem to be a breach of fiduciary duty for Schaefer to build up fighters without signing them because GB would be investing money in the fighters only to see them leave when they reach a level where they are big enough to be a return on investment.

Originally Posted by Rantcatrat

Originally Posted by Ron Swanson

I've read a few pieces on this that seem to suggest many of the Haymon fighters don't actually have contracts with GB. That's why you see Oscar at many of these events but he only gets in the ring for GB fighters, hence not at all last weekend.

Interesting. So, GB is promoting fighters that it doesn't have contracts with? Does any other promotion company do that?

No, Schaefer is a side chick of Al Haymon. The biggest idiot of boxing promotion history.

Oscar said he was surprised to learn so many fighters are signed to Haymon and fight on Golden Boy cards but aren't signed to Golden Boy.

Originally Posted by Rantcatrat

Oscar said he was surprised to learn so many fighters are signed to Haymon and fight on Golden Boy cards but aren't signed to Golden Boy.

Oscar seems clueless about what is going on under his feet.

Originally Posted by Rantcatrat

Originally Posted by Kirkland Laing

Click this link

http://www.boxingscene.com/Complaint.pdf

and you can read Main Events's version of the Stevenson-Kovalev controversy. They think Schaefer and Haymon are working together. Also at the link is a copy of an Al Haymon standard management contract.

Schaefer has been using fighters on shows that are signed to Haymon and not Golden Boy. Oscar just said he was surprised to discover this recently and he also doesn't know how many fighters GBP actually has under contract. This shows how much he's been involved with the business in recent years. Obviously Schaefer and Haymon either have plans to split or Schaefer has been doing this so that he can increase the control he has at GBP.

Oscar also said lawyers have been retained on both sides but he thinks they can work it out and keep Schaefer at GBP. I'm not so sure. Once lawyers get involved they've got their own fucking agenda. Like dovorces.

It would seem to be a breach of fiduciary duty for Schaefer to build up fighters without signing them because GB would be investing money in the fighters only to see them leave when they reach a level where they are big enough to be a return on investment.

He can claim Haymon wouldn't let them sign contracts but he needed them to make fights so he used them on a fight by fight basis. That's the kind of thing that Oscar's lawyers will be claiming if/when it gets to the litigation stage. Apparently they both shook hands on Saturday night at the fight and were sitting next to each other. So see what happens.

Originally Posted by Master

Originally Posted by Rantcatrat

Oscar said he was surprised to learn so many fighters are signed to Haymon and fight on Golden Boy cards but aren't signed to Golden Boy.

Oscar seems clueless about what is going on under his feet.

He's spent most of the last few years off his tits. It's only natural that Schaefer should start wanting to own the show as well as running it.

Originally Posted by Kirkland Laing

Originally Posted by Rantcatrat

Originally Posted by Kirkland Laing

Click this link

http://www.boxingscene.com/Complaint.pdf

and you can read Main Events's version of the Stevenson-Kovalev controversy. They think Schaefer and Haymon are working together. Also at the link is a copy of an Al Haymon standard management contract.

Schaefer has been using fighters on shows that are signed to Haymon and not Golden Boy. Oscar just said he was surprised to discover this recently and he also doesn't know how many fighters GBP actually has under contract. This shows how much he's been involved with the business in recent years. Obviously Schaefer and Haymon either have plans to split or Schaefer has been doing this so that he can increase the control he has at GBP.

Oscar also said lawyers have been retained on both sides but he thinks they can work it out and keep Schaefer at GBP. I'm not so sure. Once lawyers get involved they've got their own fucking agenda. Like dovorces.

It would seem to be a breach of fiduciary duty for Schaefer to build up fighters without signing them because GB would be investing money in the fighters only to see them leave when they reach a level where they are big enough to be a return on investment.

He can claim Haymon wouldn't let them sign contracts but he needed them to make fights so he used them on a fight by fight basis. That's the kind of thing that Oscar's lawyers will be claiming if/when it gets to the litigation stage. Apparently they both shook hands on Saturday night at the fight and were sitting next to each other. So see what happens.

Promoters promote fights with other promoters' fighters all the time, but they're one-time events. To build up a fighter but not have him under contract makes no financial sense. What's to say that the fighter wouldn't go to another promoter at any moment?

He might claim that Haymon wouldn't let them sign with GB. More likely though, he'll claim that Schaefer used GB for his own benefit to the expense of GB. On the surface and with knowing very little of the details, it sounds like there might be something to it.

For a while, we all thought it was Golden Boy on one side and Top Rank on the other side. If it turns out that Golden Boy was just a tool for Schaefer to funnel fighters to Haymon, and Golden Boy is really a shell of a corporation, Schaefer will have answering to do.