DAILY NEWS STAFF WRITER Wednesday, March 19, 2008 Without fanfare, which is a rarity in boxing, Floyd Mayweather Jr. filed a lawsuit against his former promoter, Bob Arum of Top Rank, in Clark County (Nev.) District Court two weeks ago. Mayweather claims that Arum shortchanged him on matches against Arturo Gatti in 2005 and Zab Judah in 2006. In the lawsuit, Mayweather said he was due 85% of Top Rank's revenue from the Gatti fight and 80% from the Judah fight. He claims Arum has refused to turn over the records for accounting. Mayweather has asked for the statutory minimum of $10,000 on each of the five counts, but would be in line for millions in punitive damages on a breach of contract claim. This could get ugly before it's over, making it the heavyweight slugfest of the year. In a strange twist, Arum admits that he owes Mayweather money and said he has told Mayweather's reps why he isn't giving it to him. "There's no question we owe him some money," Arum said. "There's no dispute there. But he owes us a lot of money and the people he's involved with owe us even more. After 98% of the money we owed him was paid, we stopped paying him for a reason. "We're owed ... in the millions. We welcome this lawsuit. We wanted it to be filed. We have counterclaims and cross claims against certain other individuals involved with Mayweather. This is just the opening salvo in a major battle." Arum and Mayweather parted ways in 2006 after Mayweather paid $750,000 to buy out his contract. That was triggered by Arum's refusal to guarantee Mayweather $20 million to fight Oscar De La Hoya, another Top Rank client, who successfully sued Arum to get out of his contract in 2001. Last year Mayweather and DeLa Hoya hooked up without Arum and fought in one of the highest grossing Pay-Per-View boxing events ever. Mayweather earned more than $30 million for the fight and the two have planned a rematch for September. Mayweather believes that Arum stymied his career during the time that he was promoting both Mayweather and De La Hoya (from 1996-2001). Mayweather is preparing to take part in WrestleMania in Orlando on March 31. The 5-7, 150-pound Mayweather, the WBC welterweight champion and pound-for-pound best, will take on a 7-foot, 441-pound wrestler called Big Show. http://articles.nydailynews.com/2008-03-19/sports/17892931_1_mayweather-arturo-gatti-judah-fight MANNY NEEDS TO LEAVE NOW!!!!!!!!!!
What happened with this law suit in the end? I remember on one of the episodes of 24/7 Flopyd saying Arum owed him money?
"There's no question we owe him some money," Arum said. "There's no dispute there. But he owes us a lot of money and the people he's involved with owe us even more. After 98% of the money we owed him was paid, we stopped paying him for a reason. not even a definite answer who the hell are "the people he's involved with"? It could even be Oscar and GBP.
partial troll thread. But Manny is in the same soup but is too stupid to look up and realize that he's getting ****ed.
750,000 to get out of his contract, if I was Manny with a potential 100million split to earn I'd be writing that 750k cheque right now.
Arum was refering to J Prince from Rap-A-Lot records who sent his goons to put the hurt on Floyd over some dispute over money. Arum had to pay him the money that Mayweather owed him as a kind of advance or something.
Pac can't be that dumb...or is he???? Maybe it's a matter of loyalty. But still, their business doesn't necessarily have to end on a sour note. I'm not an expert on the business side of boxing but $750K is basically a bag of peanuts compared to what MP would make fighting FMJ. MP doesn't have many fights left therefore I'm not sure why he's behaving like he needs Arum so much. Maybe I'm missing something.
Not Trolling!!! Just Showing Folks the Kind of Mofo that Bob is!! There are Some Mofo's on ESB that Swear that Mofo can do No Wrong!!! Dude is a Snake!!.. Do you Really Believe He wants to Make the Fight with Floyd Knowing on 24-7 He will be talking about Bob and Top Rank for 80% of the Show!!??? This Fight wont Happen Until Pac Leave T.R
