Shannon Briggs's Promoter Only Paid Him $25000 For Vitali Fight!

atsch No one said it was his fault klit hugger, this is about Brigg's shitty promoter.

 

atschatsch

 

That's what I'm guessing. IMO its not wise to trust your promotor/manager when signing these things. You should really pay a lawyer to review before signing anything.

 

true. Always your OWN lawyer:good:good

 

lolz

i can't comment on that

 

this is very sad if true. only absolute leeches would steal the money Briggs earned for the brave performance he boxed against Vitali. these managers, if truly guilty of theft, should be thrown into a shark tank.

 

Briggs Claims Klitschko Con Job: Empire Hit With Lawsuit


Former two-time world heavyweight champion Shannon Briggs, who spent 12 days in a German hospital after sustaining a wicked, 12-round beating at the powerful hands of current world champion Vitali Klitschko in October, is fighting back.

But, this time, the Brooklyn born and raised Briggs is not targeting an opponent in the ring.

Briggs claims that he has been a victim of a "ripoff" on two fronts by his former promoters and business partners, part and parcel of which includes documents in which his signature was "forged."

On Tuesday, Briggs filed a major lawsuit in New York State Supreme Court, alleging breach of fiduciary duty, conversion, unjust enrichment and breach of contract against Gregory D. Cohen, Shelly Finkel and Barry Honig, and their boxing and entertainment promotional company, Empire Sports & Entertainment.

In the legal filing, which seeks compensatory and punitive damages, Briggs said that he agreed to fight the powerful Klitschko with the understanding that he would be paid a purse of $750,000, but that he wound up with a mere $25,000, after he returned to the United States after the prolonged hospital stay in Hamburg.

Among Briggs' massive fight injuries were a torn left bicep, a left tendon rupture and serious damage to his eyes.

"To add insult to injury," the lawsuit alleges, "the defendants deducted the cost of Briggs' hospitalization from the understated purse of the bout."

Also, according to attorneys Jethro M. Eisenstein of Profeta & Eisenstein and Michael Marley, the defendants have also denied the fighter, now age 39 and still nursing what may be career-ending injuries from the Klitschko bout, "the compensation he was promised and to which he was entitled for his services to Golden Empire, Empire and Holdings."

Briggs contends that the two original, "50 percent" shareholders in fledgling Golden Empire, which later became Empire, were himself and Cohen and that he invested untold hours and used his prominent name in the sport to recruit and then sign talented boxers from different countries, including the Dominican Republic and Sweden, to promotional deals with Golden Empire which later became Empire.

Former world heavyweight champion Hasim Rahman, was personally recruited by Briggs to sign with the company.

Briggs also had a major role in Golden Empire/Empire expanding from boxing into the music business where the boxer "introduced Cohen and Finkel to major players" in that field.

The lawsuit alleges that the Briggs-Klitschko bout came about after Finkel became Chief Executive Officer of Empire and that Finkel was, at the same time, a consultant to Klitschko's promotional company, K2 Promotions.

"At all times," the lawsuit says, "Cohen, Honig and Finkel were in a fiduciary relationship with Briggs, as officers of a company in which Briggs held an ownership interest which obliged these defendants to act with scrupulous good faith in their dealings with Briggs."

Not long after, the badly injured Briggs flew back from Germany, the lawsuit says the defendants released him from the boxing promotional agreement.

The lawsuit says that "defendants have denied Briggs the compensation he was promised and to which he was entitled to for his services to Golden Empire, Empire and Holdings.

"By their manipulation of successor corporations, defendants Cohen, Finkel and Honig have sought to dilute and diminish to the vanishing point the ownership interest Briggs has in the enterprise."

Finally, the lawsuit alleges "Briggs understood and believed that his ownership interest in Golden Empire would ensure a promotional relationship in which his interests would always be advanced and protected."

And then, expecting to be paid $750,000 for his brave stand in taking "a brutal beating" from Klitschko, Briggs was paid $25,000 and "terminated" from Empire's roster.

 

To hire his own outside lawyer, what would it have cost Briggs? Maybe $1,000 to review a contract and let Briggs know the ins and outs of it. And now because Briggs didn't spend that $1k (even if it were $10k it would still have been worth it), he's out hundreds of thousands.

That's not to say I blame Briggs, I don't...he should definitely get his money for the beating he took. I'm just saying, always know what you're signing.

Hope Briggs gets his money.

 

This is odd re. the hospitalization...I thought that either the hospital was doing it gratis for the publicity, or that the Klits were footing the bill. Either way Briggs is a fool if he didn't bother to consider who was footing the bill.

On a whole this is quite troubling if true. Somebody needs to ask Vitali to comment.

 

Finkels a culprit and hes a Klit advisor theres a link here , why would Klits work with such a man ?

 

I think everyone will agree Briggs deserves his cash but I would say he wont see a penny more

 

Some areas of entertainment management have cleaned up but fighters are still getting ripped off by sleaze ball mofos!

 

Thats a f ucking discrace, Briggs gets that **** for the beating he stood there and took like a man.......While Harrison gets 1.5 million for that farce

F ucked up!

 

Why would either brother need to comment?

From what I read at the time, it was clear K2 werent' covering any medical expenses for Briggs. I think that's a bit shitty personally, but that could be the way boxing is.

That's not a dig at K2 if it's standard practice, I would just have thought medical insurance for BOTH fighters is part and parcel of arranging a fight. FFS, I've been involved with local baseball and boxing leagues, and that's something our shitty tiny league takes into account. I would have thought it common practice for a fight.

If that's something Brigg's and/or his team hasn't thought about, well, **** what can I say.


I agree. I think that all boxers should employ a lawyer totally and completely independant from their usual hangers on.

 

That's just his side of the story. He's made some pretty wild allegations, and Finkel just has never seemed that shady (while Shannon has a reputation for being a mouthy blowhard and liar). We'll have to see how it plays out.