Paste your Google Webmaster Tools verification code here
The Cold Hard Truth: On Sports

Golden Boy “Loses” Lawsuit Against Al Haymon



Golden Boy “Loses” Lawsuit Against Al Haymon

By James Bell

@boxingsource2

One of the longest battles in boxing is now over. No, this did not happen inside the ring, it actually was in the judicial courts. Golden Boy Promotions was not granted their lawsuit against boxing manager Al Haymon for basically monopolizing the television avenues and restricting certain boxers from working/fighting under different promotional companies. The case was dismissed on Thursday as U.S. District Judge John F. Walter described that Golden Boy Promotions was unable to present any evidence that their company was affected by the actions of Al Haymon and Haymon Sports. Furthermore, Judge Walter stated that Golden Boy actually presented “harm to themselves”.

The lawsuit that was filed in 2015 was for 300 million dollars to Golden Boy Promotions Inc. and Golden Boy LLC which was represented by Oscar De La Hoya who is a majority owner of Golden Boy and Bernard Hopkins who is also a minority owner of Golden Boy. They alleged that Al Haymon was acting as a manager and promoter for many fighters that were under the Golden Boy stable up until 2015 (such as Danny Garcia, Keith Thurman, Deontay Wilder, and Daniel Jacobs), which they claim was in violation of the Muhammad Ali Boxing Reform Act and also claimed that Al Haymon through Haymon Sports was blocking venues from being used for boxing events. However, there was evidence that Golden Boy Promotions had the ability to make and market fights in various venues and also work with fighters that are/were managed by Al Haymon.

One example of this was in May 7th of 2016 when Saul “Canelo” Alvarez fought Amir Khan at the T-Mobile Arena. Alvarez is promoted by Golden Boy Promotions while Khan is managed by Al Haymon, but not promoted by him. Khan fought Chris Algieri before fighting Alvarez and that card that the fight was part of was not promoted by Al Haymon and/or Haymon Sports. Another example of this will take place this year as Canelo’s next fight will be against Julio Cesar Chavez, Jr. who is another fighter that is managed by Al Haymon. A notable fight that Chavez was involved in was his loss to Andrej Fonfara in April of 2015, which was promoted by Tom Brown Promotions.

Lawsuit dismissal document – via LA Times

Those examples are part of the basis for the judge’s decision, as Haymon Sports has “allowed its fighters to be promoted by Golden Boy and other ‘so-called’ legitimate promoters”. The fight cards that have been at the Barclays Center over the course of last year had fighters that were managed by Haymon but promoted by those that have legit promotional companies. Lou DiBella is one of the most recognizable names in the sport of boxing and he has been at the forefront of many boxing events that have been at the Barclays Center, including the Danny Garcia-Lamont Peterson fight card and the Deontay Wilder-Artur Szpilka fight card. In addition to that, there were a few boxers that turned in written statements where they say that Al Haymon/Haymon Sports never pressured them to work with or not work with any promoter. Those boxers include Daniel Jacobs, Shawn Porter, Julian Williams, Leo Santa Cruz, and John Molina (on Page 10 of the document).

With the dismissal of the lawsuit, Golden Boy Promotions loses out of potentially getting the 300 million dollars that it sought out for. They do have the right to appeal, but that would involve more court expenses for the company and it is unlikely that they will do that given the detailed decision by Judge Walter.

 

Follow The Boxing Source on Twitter @boxingsource2 on Instagram at theboxingsource and listen to The Boxing Source radio show Sundays from 7:30p-9:30p EST on MRN Broadcasting powered by BlogTalkRadio.com and read more articles here.

Golden Boy “Loses” Lawsuit Against Al Haymon
Copyright GoLong Media & The Cold Hard Truth: On Sports

Golden Boy “loses” Lawsuit Against Al Haymon

 

You must be logged in to post a comment Login

Leave a Reply

%d bloggers like this: