Top Rank sues Al Haymon for $100 million, joining GBP's $300 million suit

They are not. They are licensed with the commissions in the states they hold events. That subjects them to having to disclose information about their events etc etc. Since they are registered promoters they are subject to that scrutiny.

Haymon is not a licensed promoter anywhere. If he got his promoter license this would be different. However, he is not.

I dont think you know what you are talking about.

 

Xelloss and a couple of others have explained it perfectly throughout this thread.

They both have a good case. Haymon might end up in serious trouble.

 

First of all, Al Haymon can spend money to buy two or three hours of time on NBC or CBS to televise anything he likes, as long as it doesn't violate FCC regulations.

Any person can buy time an any network and show whatever they like ... as long as it doesn't violate FCC regulations.

Ever hear of the Billy Graham Crusades? He'd by time on national networks for 40 years and in prime time preach about God.

Suing Haymon for buying time on network television to show boxing is a loser.

Haymon paid for the time, he can air anything he likes.

Second, Golden Boy and Top Rank are hypocrites.

When Showtime only aired Golden Boy fights for years, that was okay. And when Golden Boy signed an exclusive deal with Fox Sports, that was okay.

And Haymon was involved the whole time. Is Golden Boy claiming they actually DIDN'T promote those events for years and never made any money? Are they claiming THEY (Golden Boy) was a "sham" promoter?

Golden Boy's involvement and success working with Haymon undermines the claim that the promoters Haymon uses aren't "really" promoters.

Also, Top Rank has exclusive TV deals with Spanish-speaking channels like UniMas. They just show Top Rank boxing on Saturday nights. Aren't they monopolizing time on that channel?

 

a manager paying a fighter? thats against the law. plain and simple. only a licensed promoter can pay a fighter. that is the law.

you don't have to agree with the law. but the law is exactly that. haymon is not a licensed promoter. he should be, but for some reason he never applied.

you and others may make great arguments about haymon's goodness for the sport. however, they are all irrelevant to the topic/lawsuit.

bottom line. a manager/unlicensed promoter cannot conduct a promoter's duties which is defined as paying the fighter. haymon cut a check for chavez jr. for his services fighting as posted on instagram.

end of story.

 

Goodness?

I'm not saying anything of the sort.

Al Haymon was directly involved in the Mayweather-Pacquiao fight. He wasn't the promoter. TMT and Top Rank were the promoters (TMT was the lead promoter). Both companies got paid for promoting. Al Haymon got paid, too.

Is Arum going to testify Top Rank had no involvement with the biggest money fight in history? Is he going to say he and TMT were "sham" promoters and Haymon put that whole show on?

Hell no.

Top Rank and Golden Boy have worked with Al Haymon putting on fights for years.

Everything was fine when HBO and Showtime were paying money for the promotions to help cover the costs.

Now Al Haymon is buying the time and working with promoters like Eddie Hearn to stage fights, and Golden Boy and Top Rank don't want to have to PAY FOR TIME on networks to televise their own cards.

They like to BE PAID. They don't want to PAY UPFRONT for the time.

That's all this is.

I don't know what check Chavez Jr. posted online. Maybe it was a check made out to his own promotional company. A fighter can be his own promoter. Ask the Golden Boy about that.

 

The check was from haymon and and Purse on the check so no it was his check from the purse

 

The check explicit is from haymon sports to chavez jr promotions.

haymon sports issued the check to chavez jr promotions.

haymon sports is not a licensed promoter.

 

https://pbs.twimg.com/media/CI10yd_WgAELIm2.jpg

haymon check to chavez.

haymon is not a licensed promoter. promoters can only issue checks under ali act.

there's a better version on the top rank lawsuit document.

 

There's no monopoly going on

 

monopoly cases usually involve established companies. very rarely do they involve an up and coming company such as pbc/haymon sports.

usually there is a gray area too and very hard to prove. i do not think arum has much of a case here unless there is tampering.

for example, haymon booked the russell fight only to move it later. arum claims that was done to block mattysse/provo fight. now one can say haymon has to prove why he would have a legit reason to move it. but he is the defendant, arum has to prove that haymon is doing that to purposely screw with golden boy. that is much harder to prove.

secondly, if venues know of haymon pulling out and pulling these shenigans, it would hurt them personally. it ruins his credibility and there's no reason why they would allow him to book fights there anyways. there's no reason why judges should rule and get involved when there's an in place mechanism of dealing with it.

so in terms of monopolistic practices, its going to be hard. however, haymon has been illegal functioning as a promoter. that much is true. haymon won't get out scot free.

 

Haymon should be fine..... He most likely will have to pay up for some of the things he's being accused of but it seems he has the loyalty of a lot of the boxers that he "manages". That's sometimes worth more than money in the hand. AL made a lot of enemies but made more friends which should she him turn out alright after the dust settles.

 

Haymon better have some good lawyers. That lawsuit alleges some serious stuff and Haymon apparently has some serious and blatant violations. That Chavez photo for one could be very damning.

 

:good:deal

 

Right. Chavez Jr. was the promoter.

The company buying the air time can pay a promoter to promote/put on an event.

 

Once again like the Kathy Duva suit, this will go no where. They will have to produce EVIDENCE and they need a fighter to actually take the stand and say that all of this has happened.
Golden Boy will fold out of this because of their own guilt. Arum will stop as soon as they promise him another MAY/PAC fight.