Canelo now files law suit

Discussion in 'British Boxing Forum' started by Scissors, Sep 8, 2020.



  1. Scissors

    Scissors Posts are sponsored by Matchroom Full Member

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    Against Golden Boy and DAZN.

    Shits going to get messy.

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    I loved Canelo, a generational fighter. Then the beef stuff comes out, a tainted win over Golovkin and now suing his promoters/DAZN because they want him to face top opposition as opposed to Yildrim.

    He makes it hard to like him!
     
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  2. ashishwarrior

    ashishwarrior VIP Member Full Member

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    Stamp them feet beef boy
     
    Last edited: Sep 8, 2020
  3. anjawnaymiz

    anjawnaymiz Can we get Ivan Dychko some momentum Full Member

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    I don’t blame the promoters, nobody wants to watch him fight yildirim
     
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  4. nurological

    nurological Boxing Junkie Full Member

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    Another day, another lawsuit in boxing. What else has happened?
     
  5. moog

    moog Boxing Junkie Full Member

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    I am not a legal expert but i have had business contracts with American companies so do understand a fair bit. Having looked at the court papers i think Golden Boy and De La Hoya are more likely to have problems in any court case than any other party.

    1. Canelo's lawyers state in his contract that he and golden boy decide opponents, but he has final say. The only opponent he was contracted to fight was Rocky Fielding.

    2. Canelo was not party to DAZN/GBP contract. His agreement is between him and GBP, with De La Hoya gauranteeing payments personally.

    3. Canelo's agreement was $15m for Fielding fight and $35m for every opponent thereafter.

    4. DAZN are trying to cut money, think they are entitled to contractually, but their contract is with GBP. Neither DAZN or GBP will give Canelo lawyers access to contract.

    My opinion is if DAZN have a veto option on Canelos opponent, then GBP are in trouble, as they have not mirrored that term in their contract with Canelo. If DAZN are at it and such a clause does not exist betweem them and GBP I would have expected GBP to have already placed a lawsuit on DAZN. If Oscar has personally gauranteed it, no wonder hes talking of a comeback !!
     
  6. iestyn999

    iestyn999 Member Full Member

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    It seems like they only want the ggg fight. in dazn minds thought that jacobs and kov are not elite opponents and neither was saunders or smith. if thats the case then who is.
     
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  7. Scissors

    Scissors Posts are sponsored by Matchroom Full Member

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    I think in the current climate DAZN could be made up to be separated from this deal.
    For Golden Boy however, this could be disastrous. Losing their star man and Ryan Garcia unhappy too, where does it leave them?
     
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  8. ButeTheBeast

    ButeTheBeast Well-Known Member Full Member

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    People laughed when Wilder turned down the deal from DAZN.

    Al Haymon is leagues above the cowboys at DAZN and Matchroom.
     
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  9. moog

    moog Boxing Junkie Full Member

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    Matchroom are not involved in this lawsuit. In fact they do not tend to get involved in such issues.
     
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  10. moog

    moog Boxing Junkie Full Member

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    Fair point. I was thinking that the other week regarding Smith and Saunders. If GBP allowed such a vague term in the contract they are stupid, as it allows DAZN an out at any point.
     
  11. Twentyman

    Twentyman You dog nonce! banned Full Member

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    Thanks Moog, you put that across in a way that even I could understand :)
     
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  12. Trafford

    Trafford Boxing Addict Full Member

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    Just throwing it out there on rumours I have heard....


    Canelo's team want a tune up fight after being out for almost a year. The contract as they understand it is that Canelo must fight two fights a year all to be agreed with DAZN but atleast one premier opponent per year. GBP feel they also are able to take a lesser fight as they see it that the fought two premier fights last year. Team Canelo initially offered Lemieux and DAZN outright said no for $35m and said if it is that standard the purse need to be reduced rumoured to be $15m. Canelo team came back with Ballard, Johnson and Quigley for the purse DAZN offered. When rejected outright by DAZN GBP offered Ryder for the same purse which enabled DAZN to launch in UK and Europe.

    DAZN had a verbal agreement with GBP that Canelo would fight GGG within the first 5 fights of his contract. He is currently on fight 3 and therefore DAZN have asked that if they sign off on a lesser opponent for a lesser purse Canelo signs to fight GGG on Cinco de Mayo providing they both win their next fights. GBP and Canelo categorically now will not sign for that fight and have said they will discuss it after the next fight. DAZN have repeatedly told GBP that they cannot sell or justify the fights they have offered and have no interest in them and they want a minimum of championship level fights. GBP used their relationship with WBC to be declared the mandatory vs Yildrim and came back to DAZN with a championship level fight and asked for their full purse.

    DAZN therefore have stood their ground and effectively told Canelo/GBP to go swivel and come back with their hardline stance of the options of BJS or Callum Smith for a reduced purse citing force majeure in the contract. Therefore effectively the whole thing is at a stalemate.

    Canelo is now fed up with both of them and taking both to court. However he has not helped the situation either by not offering to fight the required level of opponent as DAZN per the contract have to agree to the opponent and have final say. Otherwise they would not hand over the $35m per fight. The only section of this that DAZN cannot force is for the GGG fight as its not contracted, however they trusted the relationship with Goldenboy enough to sign GGG on the back of it. Supposedly there are also clauses in the contract with DAZN that Canelo's purses will be reduced if he loses two in a row. Hence the stipulation to only fight one premier fight per year and the GBP insistance on a guaranteed winnable fight at every opportunity and not sign the GGG fight until after this fight. If he fights someone like BJS and loses then GGG the promotion loses a lot of money.

    In my opinion if this actually ends up in court DAZN will win. Canelo will realise he will be on the shelf a long time and will come to a new deal with GBP that he sets up Canelo promotions. GBP subcontract the DAZN deal to him and he deals directly with DAZN from now on. Or he will try and buy himself out of his deal, move to PBC who will give him the money to buy himself out and launch his own promotion back on PPV.
     
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  13. Wig

    Wig Boxing Addict banned Full Member

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    TLDR: feather fisted ginger midget continues to duck Young CHRIS; gets his lawyers to issue a restraining order
     
  14. Puroresu_Fan

    Puroresu_Fan Boxing Junkie Full Member

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    Oscar looks like the potential big loser here.
     
  15. CutThroatFade

    CutThroatFade Rangers FC Full Member

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    Yeah agreed, would be nonsensical for a fighter to have a veto option in favour of a broadcaster in his contract.

    We are not privy to the contract terms so I don't think anyone here can fully assess who is in the right and who is in the wrong. But surely a key point has to be the fact that the WBC "ordered" Canelo v Yildirim. It's not like Canelo has just plucked him out of thin air. We know the WBC is dodgy as hell but at the end of the day, the WBC is the sanctioning body. If DAZN is held to be in the right here then the impact is essentially that DAZN as a broadcaster can override a sanctioning body in rejecting a fight. Seems ridiculous. If DAZN don't want to broadcast that fight then surely it should be available to another broadcaster since it has been ordered by the WBC.

    All of this could have been avoided if Canelo had just done the right thing and signed with Big Mick Hennessy.
     
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