Shane Mosley was Screwed by De La Hoya

[Ruthless-RKO]

EXCLUSIVE: Shane Mosley backs Canelo in bid to sue Oscar De La Hoya

Former pound for pound contender ‘Sugar’ Shane Mosley reached out to WBN this week as it was announced that Canelo was taking action against his own employers.

A $365 million contract, which at the time was the biggest in sports history, has turned sour for the Mexican superstar.

Mosley, who joined forces with De La Hoya and Bernard Hopkins to establish Golden Boy in 2002, says he’s still vying for compensation

“I feel for these fighters like Canelo. Golden Boy has been taking advantage of its fighters for years. That’s me included,” Mosley exclusively told World Boxing News.

“I’ve had legal action against them for years

“That’s why I posted the story up telling Canelo to get at me. I have spent about a million dollars suing them to get my ownership back that they wrongly took. “I hate seeing other fighters getting screwed over,” he added.

Strong words from Mosley, who has had his troubles in the courtroom with messy divorce proceedings against his ex-wife.

But the ex-world champion remains strong-willed and focused on the positive.

In his latest offering of guidance, Mosley said: “I’ve learned many things in my journey so far. One big lesson I learned is about ego.

“Mastering our ego can take a lifetime, but if we stay humble, we can learn to become partners with our ego now so we don’t let it lead us down the wrong path.

“It comes with practice, but inflated ego never helped anyone stay on top so it’s something I always worked on.

“Stay Humble, but Be confident in the work I put in. This is one huge thing I learned.

“Thought to share it in case anyone was listening to that ego instead of humbling themselves to gain some perspective before acting.

“Our actions have consequences. Move like your steps will have a reaction because they do. Peace,” he stated.

[Enlightened-One]

Here’s my understanding of the GBP-Mosley lawsuit:

• Mosley claimed he was given a 5% stake in GBP after his promotional contract with Golden Boy had expired. So he became a free agent, simply a shareholder of GBP, and only continued to compete on their fight cards, based on loyalty (due to his partial ownership of the company).

• Shane wanted to fight Manny Pacquiao, but GBP and Top Rank refused to work with each other (which he was told by Golden Boy’s lawyer), so he took the Pacquiao fight anyway and self-promoted it without GBP’s involvement.

• So Mosley claimed that this led to the Golden Boy head honchos taking him to dinner and telling him to leave the business and only giving him $1,000 for his 5% stake in GBP.

• This led to Mosley filing a lawsuit against GBP for $15m and he claims he felt discarded by the company he used to partially own.

I don’t know what came about that lawsuit, but Mosley’s comments in this interview suggest it’s still ongoing.

[conan_the_cribber]

Here’s my understanding of the GBP-Mosley lawsuit:

• Mosley claimed he was given a 5% stake in GBP after his promotional contract with Golden Boy had expired. So he became a free agent, simply a shareholder of GBP, and only continued to compete on their fight cards, based on loyalty (due to his partial ownership of the company).

• Shane wanted to fight Manny Pacquiao, but GBP and Top Rank refused to work with each other (which he was told by Golden Boy’s lawyer), so he took the Pacquiao fight anyway and self-promoted it without GBP’s involvement.

• So Mosley claimed that this led to the Golden Boy head honchos taking him to dinner and telling him to leave the business and only giving him $1,000 for his 5% stake in GBP.

• This led to Mosley filing a lawsuit against GBP for $15m and he claims he felt discarded by the company he used to partially own.

I don’t know what came about that lawsuit, but Mosley’s comments in this interview suggest it’s still ongoing.

That totally sounds like the boxing business I know. It's fuck or be fucked in that world.

[Enlightened-One]

Here’s my understanding of the GBP-Mosley lawsuit:

• Mosley claimed he was given a 5% stake in GBP after his promotional contract with Golden Boy had expired. So he became a free agent, simply a shareholder of GBP, and only continued to compete on their fight cards, based on loyalty (due to his partial ownership of the company).

• Shane wanted to fight Manny Pacquiao, but GBP and Top Rank refused to work with each other (which he was told by Golden Boy’s lawyer), so he took the Pacquiao fight anyway and self-promoted it without GBP’s involvement.

• So Mosley claimed that this led to the Golden Boy head honchos taking him to dinner and telling him to leave the business and only giving him $1,000 for his 5% stake in GBP.

• This led to Mosley filing a lawsuit against GBP for $15m and he claims he felt discarded by the company he used to partially own.

I don’t know what came about that lawsuit, but Mosley’s comments in this interview suggest it’s still ongoing.

That totally sounds like the boxing business I know. It's fuck or be fucked in that world.

Yeah, you’re right, especially considering Bernard Hopkins had the same 5% shareholder deal as Mosley with GBP, but this didn’t prevent ‘The Executioner’ competing on rival fight cards (i.e. when he faced Sergey Kovalev on a HBO/Main Events show).

[Ruthless-RKO]

Mosley did well to negotiate himself..

Was guaranteed $5m against Pac.. it also did really well on PPV as well. Not sure if Mosley took a cut on PPV revenue.

Mosley made around $7m (not inc. PPV revenue) against Mayweather

[Ruthless-RKO]

Yeah, you’re right, especially considering Bernard Hopkins had the same 5% shareholder deal as Mosley with GBP, but this didn’t prevent ‘The Executioner’ competing on rival fight cards (i.e. when he faced Sergey Kovalev on a HBO/Main Events show).

That depends on who's card you're fighting on.

ODLH clearly didn't want to work with Arum..

Who has Kathy Duva ever upset?

[conan_the_cribber]

That totally sounds like the boxing business I know. It's fuck or be fucked in that world.

Yeah, you’re right, especially considering Bernard Hopkins had the same 5% shareholder deal as Mosley with GBP, but this didn’t prevent ‘The Executioner’ competing on rival fight cards (i.e. when he faced Sergey Kovalev on a HBO/Main Events show).

I remember a quote from Leonard when he went pro. "I'm not getting a manager, I'm getting a lawyer". And when I think of David Tua getting screwed by his manager, or RJJ being broke or Pacquaio with finance problems or Tyson getting screwed by King, I think how prophetic Leonard's were. I'm sure the 1000 buck gambit from the lawyer was just to test Mosley's resolve.

It's such a shame that people who put their health on the line for our entertainment get screwed by their handlers so often.

[Enlightened-One]

Yeah, you’re right, especially considering Bernard Hopkins had the same 5% shareholder deal as Mosley with GBP, but this didn’t prevent ‘The Executioner’ competing on rival fight cards (i.e. when he faced Sergey Kovalev on a HBO/Main Events show).

That depends on who's card you're fighting on.

ODLH clearly didn't want to work with Arum..

Who has Kathy Duva ever upset?

Main Events’ Kathy Duva once filed a lawsuit against Adonis, Stevenson, Al Haymon, Golden Boy Promotions’ former Chief Executive Richard Schaefer, Golden Boy itself, Canadian boxing promoter Yvon Michel and Showtime.

Dino Duva and Donna Duva Brooks, the former president and vice president of Main Events also once filed a lawsuit against their sister-in-law, Kathy Duva.

I'm sure she's had legal wranglings with other parties too, but I can't be bothered to check.

She's really quite grumpy and often threatens legal action to get her own way. She definitely claimed she was once going to sue Andre Ward as well.

Did she not go on a massive rant about Andre Ward’s failure to attend the first Kovalev presser and then later admitted she knew about his absence (due to a scheduling clash with his punditry duties) weeks beforehand?

I’m pretty sure Hopkins only agreed to face Kovalev to force Kathy Duva to drop the lawsuit against GBP & Stevenson, as it rendered her claim for damages utterly meaningless (due to no proof of financial loss). Bernard himself pretty much said this was the case.

[tiny_acres]

Yeah, you’re right, especially considering Bernard Hopkins had the same 5% shareholder deal as Mosley with GBP, but this didn’t prevent ‘The Executioner’ competing on rival fight cards (i.e. when he faced Sergey Kovalev on a HBO/Main Events show).

That depends on who's card you're fighting on.

ODLH clearly didn't want to work with Arum..

Who has Kathy Duva ever upset?

Main Events’ Kathy Duva once filed a lawsuit against Adonis, Stevenson, Al Haymon, Golden Boy Promotions’ former Chief Executive Richard Schaefer, Golden Boy itself, Canadian boxing promoter Yvon Michel and Showtime.

Dino Duva and Donna Duva Brooks, the former president and vice president of Main Events also once filed a lawsuit against their sister-in-law, Kathy Duva.

I'm sure she's had legal wranglings with other parties too, but I can't be bothered to check.

She's really quite grumpy and often threatens legal action to get her own way. She definitely claimed she was once going to sue Andre Ward as well.

Did she not go on a massive rant about Andre Ward’s failure to attend the first Kovalev presser and then later admitted she knew about his absence (due to a scheduling clash with his punditry duties) weeks beforehand?

I’m pretty sure Hopkins only agreed to face Kovalev to force Kathy Duva to drop the lawsuit against GBP & Stevenson, as it rendered her claim for damages utterly meaningless (due to no proof of financial loss). Bernard himself pretty much said this was the case.

I will always consider you a pain is the ass. But when it comes to fact finding you are top notch.

[Enlightened-One]

I will always consider you a pain is the ass. But when it comes to fact finding you are top notch.

Thank-you... I think.

[Jeff_lacy_ko]

If he took 1,000 for a 5 percent stake and didnt ask for financials and independent valuation of gbp is so dumb he almost deserves to be conned

[Enlightened-One]

If he took 1,000 for a 5 percent stake and didnt ask for financials and independent valuation of gbp is so dumb he almost deserves to be conned

Mosley and the lawsuit documentation he filed claims he wasn't given a choice.

Shane Mosley lost his 5% stake in GBP (and compensated with only $1,000) due to self-promoting himself for the Pacquiao bout. Even though he was a promotional free agent.

GBP ended his involvement in the business. He didn't voluntarily negotiate a cheap price. He was given a cheque, with GBP claiming he couldn't do anything about it, and then told to go.

He says the lawsuit cost him millions and has been ongoing for several years.

[tiny_acres]

I will always consider you a pain is the ass. But when it comes to fact finding you are top notch.

Thank-you... I think.

you are welcome you pain in the ass

[Jeff_lacy_ko]

I suppose they could have structured it as an equity grant they could rescind for any reason.

[Enlightened-One]

I suppose they could have structured it as an equity grant they could rescind for any reason.

I don't know... maybe.

Hopkins had the same deal as Mosley though, but they didn't take his 5% stake off him when he competed on rival promoters fight cards.

So the lawsuit had merit, it wasn't frivolous, but I don't know its outcome.

[Perseus]

Speaking of Hopkins ....

He joined GBP way back in 2004 or 2005.
Am I the only person who thought that partnership would end in a lawsuit inside of 3 years?

Back then Hopkins was always high on the list of likely litigators but 15+ years later he hasn't sued GBP.

[Ruthless-RKO]

Speaking of Hopkins ....

He joined GBP way back in 2004 or 2005.
Am I the only person who thought that partnership would end in a lawsuit inside of 3 years?

Back then Hopkins was always high on the list of likely litigators but 15+ years later he hasn't sued GBP.

Without GBP now, he isn’t relevant.