Has GGG parted ways with Tom Loeffler???

[Enlightened-One]

It seems that GGG has just parted ways with Tom Loeffler (as reported by Dan Rafel's tweets):


Coincidentally, Lance Pugmire of the LA Times published the following rumour a month ago:

"The Fight Corner"

On vacation now at a mystery location, former middleweight champion Gennady Golovkin is expected to announce his future plans when he returns, his trainer Abel Sanchez told the Los Angeles Times.

“He’s talked to all the parties and he’s mulling it over,” Sanchez said. “He deciding his future, and the future is rightfully his to determine since he only has three to four years — and six to seven fights — left.”

Golovkin (38-1-1, 34 knockouts) has met with English promoter Eddie Hearn about being linked to DAZN, the new streaming service that signed his rival Canelo Alvarez to an 11-fight, $365-million deal that launches with Alvarez’s Saturday fight at Madison Square Garden.

Joining DAZN would better position Golovkin for a trilogy fight with Alvarez or a rematch with Hearn-represented International Boxing Federation middleweight champion Daniel Jacobs after the pair staged a competitive bout in 2017 at MSG.

But Golovkin also met with Al Haymon, head of Premier Boxing Champions, on Dec. 1 at the Deontay Wilder-Tyson Fury bout at Staples Center, and Haymon offers unbeaten middleweight Jermall Charlo, who fights on Fox on Dec. 22, and the exposure of Fox and Showtime television deals.

There’s industry speculation that Golovkin could leave longtime promoter Tom Loeffler, too, but Sanchez didn’t confirm that.

“The fighter is the fighter and the promoter is the promoter,” Sanchez said. “I’m sure [Golovkin] will do what’s best for his family, and he’s earned that right.”

Loeffler did not immediately reply to questions from The Times.

Thoughts?

[Enlightened-One]

I’ve always believed that Tom Loeffler doesn’t pay his fighters as much as boxers working with other promoters. I am also convinced that he has rarely attempted to make fights between GGG and his big-name rivals, since there’s very little evidence of him submitting any financial offers to them.

In fact, the vast majority of GGG’s biggest paydays were a direct result of his bouts being either solely or co-promoted by GBP & Matchroom.

GGG is really inexperienced at promoting himself, so assuming this rumour is true, I expect his future events to be mainly handled by established promoters, such as Matchroom, with GGG Promotions only dealing with trivial matters related to the events being staged.

The main complaint I’ve always maintained about GGG relates to how his career was handled by Tom Loeffler. And even though this split may have happened far too late in Gennady’s career, I’m really pleased that he’s finally come to his senses.

Therefore, I really hope this rumour is true!

[Enlightened-One]

Some more tweets from one of the journalists employed by The RING about the situation:


So multiple sources (Mike Coppinger, Lance Pugmire and Dan Rafael) are all apparently speculating about the break-up of GGG’s ties with Tom Loeffler.

[oogiebe]

Too bad it didn't happen sooner. With GGG at 36 now, we've been cheated out of some pretty good matchups.

[boxing_rocks]

I suspect Loefler was trying to persuade Golovkin to take a lower than 45/50% cut for the Canelo rematch which could be the last drop upsetting Gennady enough to leave him.

[Thomastearns]

It's scary how the business world of boxing works. All of a sudden GGGs in high demand, no longer the outsider. There really are no morals, and little loyalty it seems when it comes to money. The hardest game.

If GGG can find a better promoter than Loeffler, and many would argue that he can, he needs to make that decision soon. In Loeffler's defence he did eventually help Golovkin make a lot of money, albeit somewhat naively in not realising, or at least acknowledging what they were going up against. Not to mention the hurt of dubiously losing those belts which GGG seemed to care about more than most other champions, AJ excepted.

Talking of naivety, perhaps he could also consider a change of trainers. Abel Sanchez seems to be riding heavily upon Golovkin's natural talents rather than contributing anything tactically.

Since the terrible Brook fight when he first seemed one dimensional, the opposition have gained increasing confidence, yet little has changed in GGG's style. Everyone else knew he would have to stop Canelo to win, yet his tactics were to go for a decision he could never get.

If he's comfortable with Sanchez, then perhaps he could look for an additional trainer to help with strategy and tactics before and during the fight.

[Ruthless-RKO]

He was only ever signed with Loeffler through K2. Before the Canelo fights, Golovkin founded GGG Promotions and Loeffler just ran it. If anything, Loeffler was kinda working for GGG the past few fights. Just managing GGG Promotions.

[boxing_rocks]

GGG exhausted his loyalty. He was keeping Loefler for too long.

[Enlightened-One]

GGG exhausted his loyalty. He was keeping Loefler for too long.

OMFG! We agree!

[Enlightened-One]

It's scary how the business world of boxing works. All of a sudden GGGs in high demand, no longer the outsider. There really are no morals, and little loyalty it seems when it comes to money. The hardest game.

If GGG can find a better promoter than Loeffler, and many would argue that he can...

In Loeffler's defence he did eventually help Golovkin make a lot of money...

Oscar De La Hoya and Eddie Hearn promoted the biggest events of GGG’s career.

Tom Loeffler didn’t make those fights, it was the promoters of Golovkin’s opponents.

Gennady Golovkin should be thanking Matchroom and Golden Boy, rather than Tom Loeffler for those paydays.

Also, when GGG’s fans kept claiming that he was being ducked, there must be a reason why none of them were able to cite any examples of Tom Loeffler’s financial offers he made to attempt to make those fights, which were subsequently rejected? They can’t provide examples, because it rarely happened.

Under the right boxing content provider, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn, we’ll inevitably see GGG quickly engage in bigger fights and receive better paydays.

[tiny_acres]

It's scary how the business world of boxing works. All of a sudden GGGs in high demand, no longer the outsider. There really are no morals, and little loyalty it seems when it comes to money. The hardest game.

If GGG can find a better promoter than Loeffler, and many would argue that he can...

In Loeffler's defence he did eventually help Golovkin make a lot of money...

Oscar De La Hoya and Eddie Hearn promoted the biggest events of GGG’s career.

Tom Loeffler didn’t make those fights, it was the promoters of Golovkin’s opponents.

Gennady Golovkin should be thanking Matchroom and Golden Boy, rather than Tom Loeffler for those paydays.

Also, when GGG’s fans kept claiming that he was being ducked, there must be a reason why none of them were able to cite any examples of Tom Loeffler’s financial offers he made to attempt to make those fights, which were subsequently rejected? They can’t provide examples, because it rarely happened.

Under the right boxing content provider, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn, we’ll inevitably see GGG quickly engage in bigger fights and receive better paydays.

EO I actually came to this topic just to read your comment on this topic.
I have to agree with you. GGG will make more money elsewhere and that is the goal for any pro

[Enlightened-One]

It's scary how the business world of boxing works. All of a sudden GGGs in high demand, no longer the outsider. There really are no morals, and little loyalty it seems when it comes to money. The hardest game.

If GGG can find a better promoter than Loeffler, and many would argue that he can...

In Loeffler's defence he did eventually help Golovkin make a lot of money...

Oscar De La Hoya and Eddie Hearn promoted the biggest events of GGG’s career.

Tom Loeffler didn’t make those fights, it was the promoters of Golovkin’s opponents.

Gennady Golovkin should be thanking Matchroom and Golden Boy, rather than Tom Loeffler for those paydays.

Also, when GGG’s fans kept claiming that he was being ducked, there must be a reason why none of them were able to cite any examples of Tom Loeffler’s financial offers he made to attempt to make those fights, which were subsequently rejected? They can’t provide examples, because it rarely happened.

Under the right boxing content provider, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn, we’ll inevitably see GGG quickly engage in bigger fights and receive better paydays.

EO I actually came to this topic just to read your comment on this topic.
I have to agree with you. GGG will make more money elsewhere and that is the goal for any pro

It’s a shame GGG didn’t join forces with a much better promoter earlier on in his career.

[oogiebe]

Oscar De La Hoya and Eddie Hearn promoted the biggest events of GGG’s career.

Tom Loeffler didn’t make those fights, it was the promoters of Golovkin’s opponents.

Gennady Golovkin should be thanking Matchroom and Golden Boy, rather than Tom Loeffler for those paydays.

Also, when GGG’s fans kept claiming that he was being ducked, there must be a reason why none of them were able to cite any examples of Tom Loeffler’s financial offers he made to attempt to make those fights, which were subsequently rejected? They can’t provide examples, because it rarely happened.

Under the right boxing content provider, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn, we’ll inevitably see GGG quickly engage in bigger fights and receive better paydays.

EO I actually came to this topic just to read your comment on this topic.
I have to agree with you. GGG will make more money elsewhere and that is the goal for any pro

It’s a shame GGG didn’t join forces with a much better promoter earlier on in his career.

Yeah, I posted the same. Shame.

[tiny_acres]

Oscar De La Hoya and Eddie Hearn promoted the biggest events of GGG’s career.

Tom Loeffler didn’t make those fights, it was the promoters of Golovkin’s opponents.

Gennady Golovkin should be thanking Matchroom and Golden Boy, rather than Tom Loeffler for those paydays.

Also, when GGG’s fans kept claiming that he was being ducked, there must be a reason why none of them were able to cite any examples of Tom Loeffler’s financial offers he made to attempt to make those fights, which were subsequently rejected? They can’t provide examples, because it rarely happened.

Under the right boxing content provider, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn, we’ll inevitably see GGG quickly engage in bigger fights and receive better paydays.

EO I actually came to this topic just to read your comment on this topic.
I have to agree with you. GGG will make more money elsewhere and that is the goal for any pro

It’s a shame GGG didn’t join forces with a much better promoter earlier on in his career.

If he was under a better promoter a long time ago. We could of seen so many better fights with him
instead of these no names that littered his record for so long

[caldo2025]

GGG’s net worth is 30 million coming from nothing and nowhere. I think that he’s done rather well for himself.

[Enlightened-One]

GGG’s net worth is 30 million coming from nothing and nowhere. I think that he’s done rather well for himself.

The vast majority of his wealth was generated from bouts promoted by Matchroom and Golden Boy - not solely by Tom Loeffler.

Imagine what GGG’s wealth would have been had his career been handled by boxing content providers, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn?

[greg]

..well, fishing in muddy waters of boxing business looking for the right shark has always been a dodgy undertaking.. Tom Loeffler was probably the best choice made under the circumstances when the Kazakh was sort of wasting his precious time in Germany..

[caldo2025]

GGG’s net worth is 30 million coming from nothing and nowhere. I think that he’s done rather well for himself.

The vast majority of his wealth was generated from bouts promoted by Matchroom and Golden Boy - not solely by Tom Loeffler.

Imagine what GGG’s wealth would have been had his career been handled by boxing content providers, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn?

Terrance Crawford is worth 3 million. Put that into perspective when analyzing a managers performance. And just because Loeffler’s names not on the ring apron, it doesn’t mean that he doesn’t deserve credit for getting his boxer to the top level mega fight 2 years in a row.

GGG and Kovalev paved the way for a huge market for future Russian/Ukrainian talents. There’s no way Loma would be where he’s at right now without GGG creating the pathway. GGG has been one of the top paid boxers for last 2 years and everyone that contributed to his success deserves the credit. Most especially Loeffler.

[Enlightened-One]

GGG’s net worth is 30 million coming from nothing and nowhere. I think that he’s done rather well for himself.

The vast majority of his wealth was generated from bouts promoted by Matchroom and Golden Boy - not solely by Tom Loeffler.

Imagine what GGG’s wealth would have been had his career been handled by boxing content providers, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn?

Terrance Crawford is worth 3 million.

Forget about the rest of the fights he's competed in throughout the entirety of his career, he earned about $7m for his last two bouts alone. Your figures are wrong. You've embellished the situation, as his net worth is at least double the figure you've quoted (based on Forbes figures from November 2018).

Please do your research and revise your opinion accordingly.

The vast majority of GGG’s wealth were a direct result of events promoted by Matchroom and GBP, not Tom Loeffler.

[oogiebe]

The vast majority of his wealth was generated from bouts promoted by Matchroom and Golden Boy - not solely by Tom Loeffler.

Imagine what GGG’s wealth would have been had his career been handled by boxing content providers, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn?

Terrance Crawford is worth 3 million.

He earned about $7m for his last two bouts alone. Your figures are wrong. You've embellished the situation, as his net worth is at least double the figure you've quoted (based on Forbes figures from November 2018).

Please do your research and revise your opinion accordingly.

Earning 7 million is no indication of total worth. There are taxes/fees/living and training expenses etc. that come off the top.

[Enlightened-One]

Terrance Crawford is worth 3 million.

He earned about $7m for his last two bouts alone. Your figures are wrong. You've embellished the situation, as his net worth is at least double the figure you've quoted (based on Forbes figures from November 2018).

Please do your research and revise your opinion accordingly.

Earning 7 million is no indication of total worth. There are taxes/fees/living and training expenses etc. that come off the top.

I understand that, but he has an estimated current net wealth of $7m (not total career earnings) and we know the financial terms of some of Crawford's bouts were never disclosed by Top Rank.

caldo2025 was embellishing the situation by quoting a blatantly inaccurate figure to make the point he was making seem more dramatic and compelling.

I can provide the link to the article, if you want. and you can review their breakdown?

https://famebytes.com/terence-crawford-bio/

[oogiebe]

He earned about $7m for his last two bouts alone. Your figures are wrong. You've embellished the situation, as his net worth is at least double the figure you've quoted (based on Forbes figures from November 2018).

Please do your research and revise your opinion accordingly.

Earning 7 million is no indication of total worth. There are taxes/fees/living and training expenses etc. that come off the top.

I understand that, but Forbes has estimated his current net wealth at $7m (not total career earnings) and we know the financial terms of some of Crawford's bouts were never disclosed by Top Rank.

caldo2025 was embellishing the situation by quoting a blatantly inaccurate figure to make the point he was making seem more dramatic and compelling.

I can provide the link to the Forbes article, if you want. and you can review their breakdown?

I stand corrected. Celebrity Net Worth has his worth at $6 million. Doesn't show any date.

[Enlightened-One]

GGG’s net worth is 30 million coming from nothing and nowhere. I think that he’s done rather well for himself.

The vast majority of his wealth was generated from bouts promoted by Matchroom and Golden Boy - not solely by Tom Loeffler.

Imagine what GGG’s wealth would have been had his career been handled by boxing content providers, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn?

Terrance Crawford is worth 3 million. Put that into perspective when analyzing a managers performance. And just because Loeffler’s names not on the ring apron, it doesn’t mean that he doesn’t deserve credit for getting his boxer to the top level mega fight 2 years in a row.

GGG and Kovalev paved the way for a huge market for future Russian/Ukrainian talents. There’s no way Loma would be where he’s at right now without GGG creating the pathway. GGG has been one of the top paid boxers for last 2 years and everyone that contributed to his success deserves the credit. Most especially Loeffler.

So apart from understating Terence Crawford’s net wealth, are you pretending that Tom Loeffler deserves credit for the success that Sergey Kovalev and Vasyl Lomachenko gained throughout their careers?

I know deep down even you don’t believe that!

[oogiebe]

The vast majority of his wealth was generated from bouts promoted by Matchroom and Golden Boy - not solely by Tom Loeffler.

Imagine what GGG’s wealth would have been had his career been handled by boxing content providers, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn?

Terrance Crawford is worth 3 million. Put that into perspective when analyzing a managers performance. And just because Loeffler’s names not on the ring apron, it doesn’t mean that he doesn’t deserve credit for getting his boxer to the top level mega fight 2 years in a row.

GGG and Kovalev paved the way for a huge market for future Russian/Ukrainian talents. There’s no way Loma would be where he’s at right now without GGG creating the pathway. GGG has been one of the top paid boxers for last 2 years and everyone that contributed to his success deserves the credit. Most especially Loeffler.

So apart from understating Terence Crawford’s net wealth, are you spretending that Tom Loeffler deserves credit for the success that Sergey Kovalev and Vasyl Lomachenko gained throughout their careers?

I know deep down even you don’t believe that!

I honestly don't know enough about the topic to comment.

[caldo2025]

The vast majority of his wealth was generated from bouts promoted by Matchroom and Golden Boy - not solely by Tom Loeffler.

Imagine what GGG’s wealth would have been had his career been handled by boxing content providers, such as Bob Arum, Al Haymon, Oscar De La Hoya or Eddie Hearn?

Terrance Crawford is worth 3 million.

Forget about the rest of the fights he's competed in throughout the entirety of his career, he earned about $7m for his last two bouts alone. Your figures are wrong. You've embellished the situation, as his net worth is at least double the figure you've quoted (based on Forbes figures from November 2018).

Please do your research and revise your opinion accordingly.

The vast majority of GGG’s wealth were a direct result of events promoted by Matchroom and GBP, not Tom Loeffler.

EO, you aren’t going to make me explain the difference between net worth and earnings are you really? You claim to be so bright and cut and paste up there with some of the best but you really seem to struggle with simple terms like “founder” of a company and “net worth”. These shouldn’t be so difficult if you just took a few breaths in between hitting the buzzer on s retort. It’s not a race. We’d all appreciate you a little more if you took more time and looked up some word definition or terms.

GGG’s net worth is $30 million according to several of the net worth sites that have been proven to be accurate. You need to understand the differences between what numbers that your searching for ok. I don’t feel we should argue about this one. You just don’t know the difference between net worth and earnings. Net worth already figures in fees and payments to networks, the team and promoters. Use your head man.