Cyclone / Frampton Court Case

[Uberwolf]

Quigg said to Frampton you got bigger share of kitty and I’ll still earn more than you.

Santa Cruz rematch was 1m (US) - but take all the cuts above - expenses etc....tax and the like he wouldn’t be left huge sum.

Even say 1.5m for Quigg - take all that off above - fair chunk.

He was their meal ticket.

If I'm not mistaken Quigg was self managed when that fight happened and he currently is.

Yeah just Quigg and his Lawyer that’s all he’s ever used.

Makes sense if you trust lawyer and know the market your in - if you think you can negotiate for yourself properly why give a cut away.

Terrible, I like Barry and still like him but if this is true it will change my opinion. Former boxers should be the last people to rip off fighters under their care as they have been through it all. We all remember the "thank you very much mister Eastwood" from Barry after every fight but still ended up in a courtroom as opponents. Barry had been there, done that so should have/did know better.

[jameswilson]

I remember Frampton showin a fair bit of arrogance in the Quigg build up. He made himself out to be this working class man of the people and that Hearn and Gallagher were a pair of arrogant toffs but he’d always try and laud it over Quigg about the split and point at the poster saying ‘see Frampton v Quigg, I’m the A side.’ That’s not how grounded people behave.

As people say in this thread it would be interesting to know how much richer Frampton is compared to Quigg. His big purses outweigh Quigg by miles but as people say Quigg was self managed whereas Frampton had like 5 people as his management and promotional team before he even got to the trainer, and now is facing a huge lawsuit.

[Coco]

I remember Frampton showin a fair bit of arrogance in the Quigg build up. He made himself out to be this working class man of the people and that Hearn and Gallagher were a pair of arrogant toffs but he’d always try and laud it over Quigg about the split and point at the poster saying ‘see Frampton v Quigg, I’m the A side.’ That’s not how grounded people behave.

As people say in this thread it would be interesting to know how much richer Frampton is compared to Quigg. His big purses outweigh Quigg by miles but as people say Quigg was self managed whereas Frampton had like 5 people as his management and promotional team before he even got to the trainer, and now is facing a huge lawsuit.

Frampton was broke with the bailiff knocking at his door before he signed with FW

[mickey1975]

Still my favourite quote ever from a boxer-
Frampton- “I’m the A side, why do you think I’m getting more money?”
Quiche- “But I’m getting more once you’ve paid all the McGuigans”!
And Quigg said it totally naturally and innocently.

[Counter-puncher]

Still my favourite quote ever from a boxer-
Frampton- “I’m the A side, why do you think I’m getting more money?”
Quiche- “But I’m getting more once you’ve paid all the McGuigans”!
And Quigg said it totally naturally and innocently.

indeed, that's what the kids call an epic, umm, do they call it a 'burn' nowadays? i think a couple of years ago it may have been a 'mic drop' moment but I don't know if that's the current lingo.

[Ruthless-RKO]

Still my favourite quote ever from a boxer-
Frampton- “I’m the A side, why do you think I’m getting more money?”
Quiche- “But I’m getting more once you’ve paid all the McGuigans”!
And Quigg said it totally naturally and innocently.

Back in the day the boxers were so much more creative when promoting. Instead of just talking about stupid A and B sides and how much they are getting for the fight.

Did Tyson, Ali, Lewis, De La Hoya ever talk about how much they are getting so much during promotion? Enlighten me.


--
Epic reply by Quigg btw.. He put the conversation to bed with that one!

[Ruthless-RKO]

Still my favourite quote ever from a boxer-
Frampton- “I’m the A side, why do you think I’m getting more money?”
Quiche- “But I’m getting more once you’ve paid all the McGuigans”!
And Quigg said it totally naturally and innocently.

indeed, that's what the kids call an epic, umm, do they call it a 'burn' nowadays? i think a couple of years ago it may have been a 'mic drop' moment but I don't know if that's the current lingo.

Just to clarify.. Frampton's purse was a guaranteed £1.5m with nothing else. Quigg's guarantee was £500k.. But received a percentage of PPV revenue depending on how well it did. It did aound 300k. I think PPV's were £16.95 at the time.

300k = £5.1m.. Not sure if Sky take half of that.. TBH, Quigg probably did make more than Frampton.

[Ruthless-RKO]

Carl Frampton, Barry McGuigan Legal Battle Rages on in Court

According to former two division world champion Carl Frampton, he was never paid as a director of the promotional company run by Barry McGuigan, a court was told.

McGuigan, as promoter and manager, acted in dual roles for Frampton.

After years of working together, their relationship broke down in 2017. Frampton and McGuigan have since filed lawsuits against each other.

Frampton is suing in a Belfast High Court, claiming that McGuigan withheld earnings. And McGuigan filed suit for breach of contract in separate proceedings in London.

During the ongoing court proceedings in Belfast, Frampton claimed he was promised a 30% share of profits from the promotional venture.

Frampton claimed it was difficult to discuss money and sponsorship issues with McGuigan.

The 33-year-old boxer claims McGuigan withheld money from some of his biggest bouts.

McGuigan, as director of Cyclone Promotions, was in charge of monies related to broadcasting rights, ticket sales and merchandising.

"Barry made it clear we would set up our own company [and] you will get 30% of the profits," Frampton said. "Mr McGuigan made it clear I was now part of Cyclone Promotions, not only a boxer but part of the promotions."

But nothing was put in writing, with a handshake agreement between the two.

Frampton was also fuming over a tax bill his wife received, for nearly £400,000, at the couple's home.

Frampton said that was the moment that ended his eight-year working relationship with McGuigan.

"She was very angry on the phone," said Frampton. "She was at home alone with our children and someone from the HMRC (Her Majesty's Revenue and Customs) had come looking for £397,000 in unpaid Vat."

The bill was related to Cyclone Promotions, which named Frampton among its directors.

"Before the HMRC came to my house, I was still hopeful that we would resolve the issues," Frampton said. "That was the turning point for me, and I knew that I was going to have to fight Gutierrez, and I wasn't going to fight for the McGuigans again."

[Ruthless-RKO]

Frampton denies he's being greedy over £6m claim

Former world champion Carl Frampton has denied he is being greedy after a court in Belfast was told he is claiming £6 million from his former manager Barry McGuigan.

The figure was revealed by a lawyer for Mr McGuigan, who asked the Belfast boxer if he was a greedy person.

Carl Frampton replied: "No".

The boxer is suing Barry McGuigan and a company he formed, Cyclone Promotions, for allegedly withholding earnings from fights in Northern Ireland, England and the US.

Questioned on the third day of the legal action, Carl Frampton said he did not know "the exact figure" he is claiming.

Liam McCollum QC then read from a statement of claim submitted by Mr Frampton.

He told the High Court in Belfast the statement contains a claim for £6m.

The lawyer said the claim included money paid to all boxers who fought on undercards for Carl Frampton’s world title bouts, as all fees paid to his trainer, Shane McGuigan, and money spent to build a special venue for a fight in Belfast.

"Does that not sound a bit greedy to you?" he asked.

"Again, I am not a greedy person," Carl Frampton replied.

The boxer also denied telling lies after the lawyer said he used terms like "misled" and "lied" when talking about his relationship with Barry McGuigan "just to blacken people’s names" when there was no basis for the claims.

"No, not at all," Carl Frampton said. "I think I’ve been called a liar."

Mr McCollum replied: "You have been called a liar and you’re going to be again, don’t worry about that."

Later, the lawyer said Mr Frampton’s statement of claim wrongly alleged that Barry McGuigan had set up a company in the US to take money that he was owed.

The boxer said the details of the claim were based on investigations by forensic accountants and his legal team.

"You’re just happy for any old bit of bad mouthing and undermining Mr McGuigan and his family to take place without really finding out if there’s any basis to it or not," Mr McCollum said.

"That’s been your modus operandi all along."

Carl Frampton disagreed.

The hearing continues.

[JamieM]

Have a bad feeling for frampton, Barry is a smart guy and knows the business. Reckon will all be covered up etc and Carl paying him a bit of dough from his recent fights.

[mickey1975]

Have a bad feeling for frampton, Barry is a smart guy and knows the business. Reckon will all be covered up etc and Carl paying him a bit of dough from his recent fights.

Eastwood did him.

[Counter-puncher]

Have a bad feeling for frampton, Barry is a smart guy and knows the business. Reckon will all be covered up etc and Carl paying him a bit of dough from his recent fights.

Eastwood did him.

aye, but he's a lot more 'streetwise' now I'd wager, once bitten and all that

[Muttley]

Have a bad feeling for frampton, Barry is a smart guy and knows the business. Reckon will all be covered up etc and Carl paying him a bit of dough from his recent fights.

Eastwood did him.

aye, but he's a lot more 'streetwise' now I'd wager, once bitten and all that

I think we will have to wait and see what Frampton's lawyer has to say first. McGuigan has had his say so now its Frampton's turn.

[coneye]

Hate to see boxers turned over and ripped off ,, But Frampton does'nt seem the sharpest tool in the shed ,, start with he's a director he should know excatly whats going on in his company , and especielly where the money is , so if he kept his eye on the ball , it would of come out sooner ,

Got a feeling the mCguigan familly may have been a bit too smart for him , Hope not ,, but still , let it be a lesson to any future boxers Barry wants to sign up

[Ruthless-RKO]

McGuigan made sacrifices for Frampton, court hears

Barry McGuigan sacrificed the chance to make a fortune out of Carl Frampton's big contests in America for the boxer's own good, the High Court has heard.

Counsel for Mr McGuigan claimed he allowed other promoters to stage his star fighter's stateside title bouts.

He also put it to the former two-weight world champion that he was no "little lost boy", but instead had a major say in his purses.

Mr Frampton, 33, is suing ex-manager Mr McGuigan for allegedly withholding earnings during their eight-year partnership.

Their courtroom showdown involves a claim for up to £6 million.

The Belfast boxer's action involves claims against Cyclone Promotions UK Ltd - of which Mr McGuigan was a director - over purse fees, broadcasting rights, ticket sales and merchandising.

A counter lawsuit has been filed against Mr Frampton for alleged breach of contact when he split from the company in 2017.

The two men, both legends in the sport, deny the respective allegations against them.

Continuing cross-examination of Mr Frampton on day four of the case, the barrister representing Mr McGuigan and Cyclone insisted they relinquished sole promotional rights to his championship contests in New York and Las Vegas.

Liam McCollum QC said: "They actually handed over promotion to other people, on all the big-money fights.

"They gave up the opportunity to make a fortune out of you, for your good. That's what happened."

The boxer replied that other promoters had to be used when you go to the United States.

"There's no way Cyclone Promotions would be able to go to America on their own and promote a fight with any sort of success," he said.

The case involves an alleged conflict of interest in Mr McGuigan's dual role as manager and promoter.

Mr Frampton also claims he signed up as a director of another Northern Irish-based Cyclone company on the promise of a 30% profit share which was never received.

Throughout his evidence he maintained that he acted on the basis of trust for the McGuigans.

But Mr McCollum contended that from early on in the relationship he had a big say in how much he was going to be paid, adding: "You fought your corner."

Disputing the lawyer's depiction, he answered: "I was told what purse I was getting and I was always happy to receive that."

According to counsel, however, he was always very interested and concerned at what he was going to make from his boxing career.

"I'm suggesting you had deep and many discussions about how much you were going to get, and you fully understood the way the fight game worked as well," he said.

"This idea you were a little lost boy is a nonsense, Mr Frampton."

The fighter replied: "I disagree."

Told that he knew how revenue from television rights and ticket sales, along with expenses, would impact on his earnings, he said he had a "vague recollection" about arrangements.

"But I never sat down and worked it out, and tried to figure out how much was actually coming in.

"The purses, looking back now in hindsight were a little small for how well the shows were doing."

The hearing continues.

[Black Sam Bellamy]

"But nothing was put in writing, with a handshake agreement between the two".

Frampton has made a big mistake here not getting everything in writing and then reviewed by a lawyer. He's not coming out of this well.

[IRONFIST]

Sad it has come to this. I never really liked Barry Mac when he was a boxer because he avoided fighting Azumah Nelson but I like him now, he's an excellent pundit with views worth listening to.

[Noxy]

Sad it has come to this. I never really liked Barry Mac when he was a boxer because he avoided fighting Azumah Nelson but I like him now, he's an excellent pundit with views worth listening to.

He didn’t avoid Nelson. If he‘d beaten McDonnell, he would have fought him. He also probably would have fought him if he‘d held onto his WBA title.

[IRONFIST]

Sad it has come to this. I never really liked Barry Mac when he was a boxer because he avoided fighting Azumah Nelson but I like him now, he's an excellent pundit with views worth listening to.

He didn’t avoid Nelson. If he‘d beaten McDonnell, he would have fought him. He also probably would have fought him if he‘d held onto his WBA title.

Years before the McDonnell fight he could've fought him but he saw Nelson destroy Pat Cowdell and wanted no part of it. I very much doubt he would've fought him had he held onto his WBA crown. To his credit though Barry Mac admitted years later that there was no way he could've beaten Nelson.

[Noxy]

Of course he would have fought him, as long as it made sense financially. The fight didn't happen and it definitely should have happened. McGuigan isn't to blame though, it's just the way his career went. I suppose he could have gone up against Nelson before he won the title but I don't think that would have been wise.

[BillyTKid]

So Frampton is suing Cyclone the Ltd company and Mcguigan is suing Frampton?

That doesn’t sound good for Frampton. If he wins they will just liquidate the company. I’d be amazed if there was a significant cash balance in the company. Whereas if Frampton loses he has personal liability and they take his assets.

[maverick23]

So Frampton is suing Cyclone the Ltd company and Mcguigan is suing Frampton?

That doesn’t sound good for Frampton. If he wins they will just liquidate the company. I’d be amazed if there was a significant cash balance in the company. Whereas if Frampton loses he has personal liability and they take his assets.

Yep - just like FW and Ricky Burns. FW’s company lost the case and the company was wound up. Burns lost the other part of the case personally and had to pay up.

[ThereByTheGrace]

So Frampton is suing Cyclone the Ltd company and Mcguigan is suing Frampton?

That doesn’t sound good for Frampton. If he wins they will just liquidate the company. I’d be amazed if there was a significant cash balance in the company. Whereas if Frampton loses he has personal liability and they take his assets.

Yep - just like FW and Ricky Burns. FW’s company lost the case and the company was wound up. Burns lost the other part of the case personally and had to pay up.

Maybe the board could help by making fighters take independent legal advice before signing a contract? Its a tale as old as time in boxing

[TheLeprechaun]

Frampton is getting the benefit of doubt, perhaps a bit too much here? He might have known that Barry was going to come after him for breach of contract and acted first. He doesn't seem to be too sharp from the court summaries im reading, basically admitting to tax evasion in court. Maybe Barry did shaft him, who knows. We will have to see how the case transpires but judgement should be reserved. At the moment I don't know who is guilty and who isn't.

[Darcy Delaney]

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