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

[Rantcatrat]

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.

[Rantcatrat]

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.

[Ron Swanson]

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.

Shaefer is a smart person. A weasel but a smart weasel. As long as can show that his model was increasing profits he's safe. What I suspect happened is Shaefer saw all the ground Haymon was gaining so he decided to straddle the fence and pick a side when it became clear who was taking over. Now that Haymon is strong enough he flat dared Oscar to fire him. What does he care he has a contract through 2018 he'd get a huge buyout and he just goes to Haymon and they partner with Main Event. Shaefer played it right, Oscar would be a fool to fire Shaefer because his stable would be gutted. The fighters go to Haymon to be like Floyd or TR to try for Manny money. Oscar would have no whale.

[Violent Demise]

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.

Shaefer is a smart person. A weasel but a smart weasel. As long as can show that his model was increasing profits he's safe. What I suspect happened is Shaefer saw all the ground Haymon was gaining so he decided to straddle the fence and pick a side when it became clear who was taking over. Now that Haymon is strong enough he flat dared Oscar to fire him. What does he care he has a contract through 2018 he'd get a huge buyout and he just goes to Haymon and they partner with Main Event. Shaefer played it right, Oscar would be a fool to fire Shaefer because his stable would be gutted. The fighters go to Haymon to be like Floyd or TR to try for Manny money. Oscar would have no whale.

That will not happen. Not with court battles going on

[Rantcatrat]

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.

Shaefer is a smart person. A weasel but a smart weasel. As long as can show that his model was increasing profits he's safe. What I suspect happened is Shaefer saw all the ground Haymon was gaining so he decided to straddle the fence and pick a side when it became clear who was taking over. Now that Haymon is strong enough he flat dared Oscar to fire him. What does he care he has a contract through 2018 he'd get a huge buyout and he just goes to Haymon and they partner with Main Event. Shaefer played it right, Oscar would be a fool to fire Shaefer because his stable would be gutted. The fighters go to Haymon to be like Floyd or TR to try for Manny money. Oscar would have no whale.

That may be right, but there appears to be a good argument that Schaefer deliberately used GB's money to build up fighters without signing them that there was money to be made on the fighters that wasn't made. Even if there was a profit, there could have been a bigger profit.

Have you heard Haymon is partnering with Main Event? Main Event sued Schaefer and Haymon the last I heard.

Also, isn't it possible Oscar would join with TR and mid-market promoters, which would leave Haymon on one side, and everyone else on the other side?

Finally, usually contracts with executives have non-compete clauses. If Schaefer left while on a valid contract, he might be barred from competing against Oscar.

[Ron Swanson]

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.

Shaefer is a smart person. A weasel but a smart weasel. As long as can show that his model was increasing profits he's safe. What I suspect happened is Shaefer saw all the ground Haymon was gaining so he decided to straddle the fence and pick a side when it became clear who was taking over. Now that Haymon is strong enough he flat dared Oscar to fire him. What does he care he has a contract through 2018 he'd get a huge buyout and he just goes to Haymon and they partner with Main Event. Shaefer played it right, Oscar would be a fool to fire Shaefer because his stable would be gutted. The fighters go to Haymon to be like Floyd or TR to try for Manny money. Oscar would have no whale.

That may be right, but there appears to be a good argument that Schaefer deliberately used GB's money to build up fighters without signing them that there was money to be made on the fighters that wasn't made. Even if there was a profit, there could have been a bigger profit.

Have you heard Haymon is partnering with Main Event? Main Event sued Schaefer and Haymon the last I heard.

Also, isn't it possible Oscar would join with TR and mid-market promoters, which would leave Haymon on one side, and everyone else on the other side?

Finally, usually contracts with executives have non-compete clauses. If Schaefer left while on a valid contract, he might be barred from competing against Oscar.

I wasn't talking about Shaefer leaving. I was talking about him being fired. He basically dared Oscar to fire him only a few weeks ago. Non-compete doesn't apply to firing I thought. But I'm not familiar with executive procedural contracts so I should probably just shut my mouth on the subject.

I just threw Main Events name out there as an example by the way. But I think there's no way in hell Oscar merges a gutted GB with TR because that would be the end of GBP.

[Spicoli]

So Haymon has no allegiance to one particular promoter? Sounds like cut throat agent who ultimately can-will take offers from the highest bidder and provide services. Oscar has to feel like someone ran into his big house, grabbed his flirty girlfriend and ran off to a back bedroom giggling with her and leaving him sitting on the couch for the night . Haymon has been on a buying spree as of late, it almost feels with a few of these new grabs he is not that interested in a long term investment as much as just securing an asset and future event. Staking a claim. One time is good, two plus is a bonus. Courts, that's what will happen. Stevenson jump ship style.

[Rantcatrat]

So Haymon has no allegiance to one particular promoter? Sounds like cut throat agent who ultimately can-will take offers from the highest bidder and provide services. Oscar has to feel like someone ran into his big house, grabbed his flirty girlfriend and ran off to a back bedroom giggling with her and leaving him sitting on the couch for the night . Haymon has been on a buying spree as of late, it almost feels with a few of these new grabs he is not that interested in a long term investment as much as just securing an asset and future event. Staking a claim. One time is good, two plus is a bonus. Courts, that's what will happen. Stevenson jump ship style.

It looks like Schaefer and Haymon robbed GB blind, but with no evidence, that is only speculation.

[Kirkland Laing]

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.

Shaefer is a smart person. A weasel but a smart weasel. As long as can show that his model was increasing profits he's safe. What I suspect happened is Shaefer saw all the ground Haymon was gaining so he decided to straddle the fence and pick a side when it became clear who was taking over. Now that Haymon is strong enough he flat dared Oscar to fire him. What does he care he has a contract through 2018 he'd get a huge buyout and he just goes to Haymon and they partner with Main Event. Shaefer played it right, Oscar would be a fool to fire Shaefer because his stable would be gutted. The fighters go to Haymon to be like Floyd or TR to try for Manny money. Oscar would have no whale.

That may be right, but there appears to be a good argument that Schaefer deliberately used GB's money to build up fighters without signing them that there was money to be made on the fighters that wasn't made. Even if there was a profit, there could have been a bigger profit.

Have you heard Haymon is partnering with Main Event? Main Event sued Schaefer and Haymon the last I heard.

Also, isn't it possible Oscar would join with TR and mid-market promoters, which would leave Haymon on one side, and everyone else on the other side?

Finally, usually contracts with executives have non-compete clauses. If Schaefer left while on a valid contract, he might be barred from competing against Oscar.

If you were Schaefer and Oscar is off cross-dressing and you've got the keys to the car you've got the means and the motive to engineer anything you want. You make a deal with Haymon to eventually set up a joint company and in the meantime get existing GBP fighters to the end of their GBP contracts and only under Haymon's control.

Then officially you have an email trail where Haymon says my guy isn't resigning with you, you can only have him on a fight by fight basis. Schaefer then half-hearltedly looks round for other opponents, can't find anybody suitable and does what Haymon wants. Schaefer then has documented evidence showing he did everything he could to avoid doing the deal with Haymon but had no other choice.

Or half a dozen different ways to create a scenario that doesn't leave him and Haymon open to any legal sanction. Assuming they have actually done something like this that is. Maybe Haymon wants to cut GBP out and start his own firm. Maybe Schaefer and Oscar stay together.

[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.

Oscar's lawyers will definitely do that if it comes to it. But Schaefer will say he had no choice if he wanted to make the fights or something similar.