Tuesday, May 23 2006


Top Rank has reportedly filed a multi-million dollar lawsuit against former Top Rank fighter Oscar De La Hoya and Goldenboy Promotions. The suit alleges that that Top Rank had the right of first negotiation/last refusal for Oscar's next fight following the Top Rank promoted Bernard Hopkins-Oscar De La Hoya fight in 2004, but that Golden Boy did not act in good faith, asking for an exorbitant purse for the recent fight with Ricardo Mayorga. That card was a huge success, producing 875,000 pay-per-view buys and $43.8 million in pay-per-view revenue, In addition, the event did $7.6 million at the gate. Promoter Bob Arum told the Las Vegas Review Journal that Top Rank was damaged by at least $3 million. The lawsuit is also seeking punitive damages.

Arum is a bitter old fart, he cannot accept the fact that Oscar who he believes is his creation is his competition and is doing very well for himself.