Is it unusual that GBP is protecting Mayweather when they are Pac's promoters?

Discussion in 'World Boxing Forum' started by pejevan, Dec 27, 2009.


  1. pejevan

    pejevan inmate No. 1363917 Full Member

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    Everybody knows that GBP is a minority co-promotoer of Pac (Top rank is the Majority one), while the status of GBP in the Mayweather's camnp is not exactly defined. There are speculations that GBP actually owns promotional rights to Mayeather's fights as a compromise to the 2 pound over the weight fiasco during the JMM-Mayweather fight.

    It seems that there is a recurring theme here - failure of the GBP to protect their fighters or sinisterly, to represent the inerest of the opposing fighter instead of their own fighter.

    Imagine if JMM was a Top Rank fighter or Roach-trained fighter, I am sure that the Mayweather fight would not be at welterweight but at junior welter, that Mayweather would be forced to pay big or lose that 2 pounds, that the contract would not be changed the night prior to the fight and that the postponement would be scrutinized to detail.

    I believe that the way the GBP acted in this upcoming fight is a valid reason that the contract between Mayweather and Pac can be deemed null and void.
     
  2. ishy

    ishy Loyal Member Full Member

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    GBP have like a 5% stake in Pac, they have no input in his career whatsoever.
     
  3. Rooney

    Rooney Boxing Junkie banned

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    i heard it was 20 percent.
     
  4. ishy

    ishy Loyal Member Full Member

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    :think
     
  5. salty trunks

    salty trunks Well-Known Member Full Member

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    I dont think so. Mayweather is asking for something as the fighter and its the duty of his promoter to follow through.

    I dont think Golden Boy or anyone from their outfit has accused Manny of cheating.
     
  6. pejevan

    pejevan inmate No. 1363917 Full Member

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    Regardless whether it is 1 % or 20%, they are still co-promoters, and prevailing Laws and common-sense as well as decency dictates that you dont represent the interst of the opposing opponent. It is called in the Philippine laws as "conflict of interest".

    To add to matters, what excatly is the interest of GBP with Mayweather. Official GBP statements states Nada, or no interste at all. So zero per cent versus 5 percent, you represent 0 per cent?

    Which leads me to conclude that all this drug testing is a machination of the spurned GBP - both for losing the contract and for humiliating Hoya during the fight. It is nothing personal? - no it is actually personal!
     
  7. pejevan

    pejevan inmate No. 1363917 Full Member

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    GBP is not exactly a promoter of Mayweather.

    That is coming from Mayweather himself - "I am the boss", as well as the GBP.
     
  8. ishy

    ishy Loyal Member Full Member

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    Mayweather asked Golden Boy to conduct negotiations on his behalf and I'm sure they're not doing that for free.
     
  9. pejevan

    pejevan inmate No. 1363917 Full Member

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    Just as Mayweather asked them to conduct negotiations on his behalf during the JMM fight????

    Do you think it is more than 5%????
     
  10. Rock0052

    Rock0052 Loyal Member Full Member

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    That's why the next move for Top Rank is to void out GBP's minority stake in Pac's future earnings by saying they aren't acting in the fighter's best interest. That's the next lawsuit to drop.
     
  11. NickBarker

    NickBarker Damnum Absque Injuria Full Member

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    I don't think anyone knows exactly what the financial arrangement is between Mayweather Promotions :)lol:) and Golden Boy Promotions; however, it is likely far more substantial than the negligible interest the latter has in Pacquiao. So I don't think it's a matter of "no interest" v. "5-20%".

    I'm also not sure how this conflict of interest issue would even come up. It's no different than when a single promoter negotiates a fight between two members of its stable. Really, it's even less like this given the small stake GBP has in Pacquiao's fights. It's clear where the adversarial lines are drawn here between the parties. If anything, this fight more closely resembles a typical jointly promoted, antagonistic affair.
     
  12. NickBarker

    NickBarker Damnum Absque Injuria Full Member

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    Also, another point regarding a putative conflict of interest, we don't know the full terms of the arbitration that led to GBP having the minority interest in Pacquiao's promotional rights. Presumably, they could have been given that percentage without any corresponding fiduciary duty. Indeed, it's not as though they "acted in his best interest" when they were putting De la Hoya and Hatton against him.
     
  13. ishy

    ishy Loyal Member Full Member

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    Yes, even if they don't mention it publicly.
     
  14. pwright2k

    pwright2k Member Full Member

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    i heard its more like 20%
     
  15. pejevan

    pejevan inmate No. 1363917 Full Member

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    The point being that they have interest in Pacquiao, albeit a very small one.

    The qustion now is if they also have interest in Mayweather because if we are to believe Schafer, they do not have any interest with Mayweather.

    Assuming that they do have interest in Mayweather, and assuming further bthat that interest is much bigger financially than Pac's, it still does not alloow them to favor one fighte over the other, just like what they did with the JMM fight.

    Case in hand, the Cotto-Pac fight where Top rank holds both promoitional rights. Although the purse was rightfully bigger for Pac than Cotto, Top rank did not show any bias for or against any fighter. Infact, Arum stated that he was so careful when he visits the training camp of both sides so as not to show that he is favoring any fighter.

    There is a way if a promoter has both promotional rights to both fighters. The simpliest is to inhibit himself inmmatters that seems to faovr just one fighter. Like the case of drug testing - why does GBP insert themselves in that fiasco when all they have to do is ask Ellerbe do request it instead of making it appear like it is a joint Ellerbe-Schafer idea.

    I think that it was a PR stunt on the short-sighted Schafer with regards to this whole drug testing - the GBP cleaning up boxing as a concept seems so enticing, however forgetting that there are more concerning issues like GBP getting the judges nod everytime their fighters goes into decision fights.