Golden Boy sues Al Haymon for 300 MILLION

[Ron Swanson]

Snip...


It is common knowledge Haymon gives the fighter the largest percentage. It's on the books that he even takes nothing regularly because he is looking to the future. They will not get him on the fighters best interests.

What GBPs suggests is Haymon is working both as manager and promoter. But he's not. He may be manipulating by using one off contracts(he almost assuredly is manipulating) but he is not acting as a promoter. He's smarter than that.

There is no doubt he is into shady business manipulating the system for his benefit. But he's doing it by the rules. That's why the WBO wants the rules changed. They don't want the PBC to get a foothold where Haymon can work without them. There is not one thing noble in this suit.

The fighters are getting more, it's on the books if anyone cares to do the legwork to see. Haymon should not be allowed to become a monopoly but his business model is far better for the fighters than GBPs or TRs or Main Events etcetera. It's a new world plan though and old money has generally ruled in Nevada. Who knows better who to bribe is what we will learn.

That fist sentence is just stupid. When does a manager take money outside of a percentage of the purse? In actual fact, this is also not true. It's in his contract that the fighter is responsible for his expenses.

Interpret how you want, but I see it as a clear conflict of interest. He calls himself an Adviser acting as the fighter's manager taking 15% of the purse. He also operates as the promotional arm choosing who the fighter fights. This is what is known as a conflict of interest under the Act. Is not only the fights Haymon gets a piece of, it's everything his boxing career that generates money, endorsements and appearances, movies etc. Kind of sounds like he wants to be the WWE. oh and get this her also puts into the agreement, even if the contract is found to be illegal, he still gets paid. I don't see how that works but he puts it in there.

Again, I don't care what the motives of GBP are. I'm just saying they are not wrong.

You're getting into a grey area with "promotional arm" a manager is responsible for making sure the fighter makes money. By that he has an interest in fight selection. Where Haymon protects himself is he doesn't do the actual promoting. He's using promoters I've never heard of often that are probably puppet companies but he is using promoters and not doing it himself.

Any way you figure it GBPs looks foolish because they had absolutely no problem with Haymon until he separated from them.

And FTR I think Haymon is a criminal, just like everyone else in boxing. I just think he is worlds smarter than ODLH. Too smart to get caught doing anything. He'll be right on the edge of what he can get away with but he won't sink the ship to spare the flag from being lowered. I'll eat my crow if I am wrong though