K2 paid Fury for the rematch clause (as this was a mandatory defense Fury didn't have to sign the rematch clause but did so because they paid extra for it). So if Fury refuses to fight I wouldn't be surprised this gives Wlad the right to get his money back. I remember Solis received $300k extra for the rematch clause in the Vitali fight. Maybe Fury received a similar "extra" sum.
Contracts don't work like this. Fury must uphold the conditions of the contract or sued for damages, which will far exceed the sum he got paid initially.
Not really. If Fury "retires", the only thing Klitschko can sue for is the return of the money paid for a rematch clause if money was actually paid for its insertion into the contract and even that depends on how the rematch clause was worded.
Of course. Just saying Fury was likely PAID for the rematch clause. He got cash for it and now wants to back out.
You're thinking bankruptcy, not retirement. Even if retired, Fury is under obligation to fulfill his rematch duties or be sued for damages, which include loss of revenue while waiting for the rematch, loss of earning potential for the Klitschko brand due to the loss etc. I am not a lawyer so I'd love to hear a professional opinion on this but I am fairly certain that contracts include termination clauses and penalties associated therein, which should far exceed the initial payment by KMG
I have been practicing intellectual property law for thirty years so I think I know about contracts. Without knowing the terms of a contract we can only speculate as to what it states but, generally, you cannot order specific performance in contracts made between boxers regarding a rematch if a boxer chooses to "retire". Mayweather "retired" in an identical situation and there was nothing that Oscar could do about it.
Lots of articles say it "reportedly" came back clean. http://ringtv.craveonline.com/news/431277-tyson-fury-u-k-anti-doping-suspension-lifted
Ah excellent, I love hearing from people in the know. I have a question though. If Wlad had no way to enforce a rematch, why add a rematch clause in the contract? Doesn't that make the whole point of the clause moot?
Rematch contracts are very common in boxing, the champion almost always has a rematch clause, such as Lennox Lewis, he always had a rematch clause....................and yes, it is enforceable, as it was agreed to..............
Like I said before, I would have to see the contract to be more specific but, in general, I would think that the rematch clause obligated Fury to fight with Klitschko as his next fight or within a specific number of fights. However, if Fury can't or won't fight within the time duration of the contract, Klitschko can't make him fight. If Fury tries to fight someone else during the duration of the contract without Klitschko agreeing to it, then he has a cause of action. As stated above, Mayweather and Oscar were in an identical situation and Mayweather chose to sit out the duration of the contract and there was nothing Oscar could do about it and he didn't receive any damages.
Fury has probably bought a possum hunting farm and is going to retire and open it to inbreds that might dig that sort of thing.
So nothing official then, that article says it was reported by Fury's legal team and Fury isn't exactly going to be a very reliable source, especially as he's been caught lying twice about the issue. But if it is negative then UKAD maybe setting themselves up for a fall as by my understanding if the B sample is clean charges are dropped. Everything they have done so far suggests the B sample was positive. But I guess we'll just have to wait until November when Fury has his NADP hearing and see how he responds to the charge.
So from this definete statement To "If's" ..."But's" & "maybe's" Stand by your unrefuted point ...FFs sums up these all knowledgeable folk here! :hi: