The True Story Behind Gamboa's Actions. (No Bull****)

Why does he have two promoters? That sounds like a terrible idea.

I just read the 2001 lawsuit between de la Hoya and Arum and saw that Arum was getting 30% of de la Hoya's purse. It's actually kind of ****ed up how Oscar won that lawsuit.

 

:deal

 

again, what makes this a true story?

 

Nothing in my post suggested being "bent out of shape" drama queen. :roll:
The rest of your post says absolutely NOTHING. Typical coming from a troll like you.

Understand this, when one makes the claims Sonofcuba did, expect people to ask about specifics, or how he came across those details. Nothing wrong with that at all drama queen.

 

Where the **** do you get your information from? There is not a promoter in the world the takes a percentage of a fighters purse. It's illegal, and since the enactment of the Ali Boxing Control Act... promoters must now reveal all sources of revenue being given to the promoter to do the show so as to even the playing field between promoter and fighter/manager when negotiating the purse.
Sources of revenue... Television networks, advertising, video sales, PPV, merchandising, ticket sales, overseas rights, and so on. Once also source of revenue are revealed, and added up... the total must be presented in writing to the fighter and manager. This is call "full financial disclosure."
So in case you do not get it... no promoter in the world takes a percentage of a fighters purse.
Managers are entitled up to but no more then 33 1/3%
Trainer up to but no more then 10 percent.
Both are negotiable depending on the situation.

 

Managers and promoters always have verbiage in there contracts which entitles them to legally recoup advances in purses, advances for expenses, and so on. If fighter A gets a million dollar purse he does not pay taxes on a million dollars, he pays taxes on what is left after paying trainer, manager, and any other staff he has. Then he pays taxes on what is left.

 

TR didn't make gamboa sign with ES

 

I love a how Cuban is in here telling us that Gamboa is innocent like he isn't biased in some way.........

 

Exactly.