BoxRec

Enlightened-One wrote: ↑28 Sep 2020, 05:29 I really can't help thinking that Canelo wants to stop working with GBP and the main reason for his lawsuit was to become a promotional free-agent, rather than him having any significant issues with DAZN.

Enlightened-One wrote: ↑07 Nov 2020, 01:58

Enlightened-One wrote: ↑28 Sep 2020, 05:29 I really can't help thinking that Canelo wants to stop working with GBP and the main reason for his lawsuit was to become a promotional free-agent, rather than him having any significant issues with DAZN.

It seems that part of my prediction has come to fruition.

And in my mind, with DAZN having so many 160lb-ers and 168lb-ers in their stable, it seems logical for Canelo consider working with that streaming service again (in some capacity) in the future, even if it’s only on an individual bout basis.

So I feel I’ve successfully predicted the outcome of the lawsuit, since I conveyed the same prediction multiple times.

Ruthless-RKO wrote: ↑07 Nov 2020, 05:14 Golden Boy Promotions Confirms Split With Canelo, Will Move Forward With DAZN Partnership

The team at Golden Boy Promotions has already prepared for life without its biggest client.

In a bombshell announcement, pound-for-pound and box office king Saul ‘Canelo’ Alvarez revealed that he will move forward with the rest of his career without the services of Golden Boy Promotions, his longtime promoter. Eddy Reynoso, Alvarez’s head trainer has assumed full control of his career and alerted the boxing world of the news.

The move seemingly puts to an end a massive lawsuit filed by Alvarez against his estranged promoter, Oscar de la Hoya specifically, along with DAZN-USA and accompanying partners. Guadalajara’s Alvarez (53-1-2, 36KOs) filed a complaint against all parties, seeking damages in excess of $280 million—the remainder of an 11-fight, $365 million contract inked in October 2018 for the superstar boxer to take his services to the upstart sports streaming service.

While the case remains active on the public docket, all parties now insist that they are free to head in a different direction.

“The lawsuit was resolved to everyone’s satisfaction, and we wish Canelo the best going forward,” Oscar de la Hoya, founder and chairman of Golden Boy Promotions told BS.com in a prepared statement.

One last attempt for all sides to move forward came in the final meeting between all parties.

According to multiple sources with intimate knowledge of such talks, a soft date of December 19 was set aside for Alvarez to face either of England's two unbeaten super middleweight titlists Callum Smith or Billy Joe Saunders. With it came an offer of a guaranteed payday just north of $20 million plus a percentage of subscriptions generated from the one-off event.

Sources informed BS.com that Alvarez and his team instead demanded to be paid the contractually-specified $35 million, leaving the parties at a standstill.

As for Golden Boy, the next step is to continue to work with DAZN, a relationship which seems to remain intact.

In addition to Alvarez, Golden Boy brought over its entire stable of more than 80 boxers to DAZN in a separate five-year deal. The exact terms without the benefit of delivering Alvarez remain murky as this goes to publish, although multiple sources have informed BS.com that talks are underway for the two sides to ensure that they continue to do business together whether in present form (sans Alvarez) or under a restructured pact.

Sports Illustrated's Chris Mannix was the first to report such talks between Golden Boy and DAZN.

“In strong partnership with DAZN, we will continue showcasing our wide array of talent, including rising superstars like Ryan Garcia, Jaime Munguia and Vergil Ortiz Jr., all of whom have the talent and potential to become the next biggest star in our sport,” notes de la Hoya.

Golden Boy has presented two shows since the pandemic, the most recent of which came on October 30 with Munguia scoring a 6th round stoppage of Tureano Johnson.

The next show in the partnership will come December 5, with Ryan Garcia (20-0, 17KOs) and England’s Luke Campbell (20-3, 17KOs) colliding in a 12-round interim lightweight title fight. The event will help kick off the long-delayed but now official global launch for DAZN in more than 200 markets beginning December 1.

Meanwhile, industry rumors suggest Alvarez is eyeing a December 19 ring return, with unbeaten titlist Caleb Plant as the targeted foe according to ESPN Deportes. Such talks would conflict with other discussed plans in place for the potential parties involved in such an event.

Whichever direction Alvarez next heads, it will be on his own terms. No such clause exists which would allow DAZN and Golden Boy to simply match his best offer in order to retain his services on its platform, as Alvarez is a true network and promotional free agent at this point.

Perseus wrote: ↑07 Nov 2020, 08:25

Ruthless-RKO wrote: ↑07 Nov 2020, 05:14 Golden Boy Promotions Confirms Split With Canelo, Will Move Forward With DAZN Partnership

The team at Golden Boy Promotions has already prepared for life without its biggest client.

In a bombshell announcement, pound-for-pound and box office king Saul ‘Canelo’ Alvarez revealed that he will move forward with the rest of his career without the services of Golden Boy Promotions, his longtime promoter. Eddy Reynoso, Alvarez’s head trainer has assumed full control of his career and alerted the boxing world of the news.

The move seemingly puts to an end a massive lawsuit filed by Alvarez against his estranged promoter, Oscar de la Hoya specifically, along with DAZN-USA and accompanying partners. Guadalajara’s Alvarez (53-1-2, 36KOs) filed a complaint against all parties, seeking damages in excess of $280 million—the remainder of an 11-fight, $365 million contract inked in October 2018 for the superstar boxer to take his services to the upstart sports streaming service.

While the case remains active on the public docket, all parties now insist that they are free to head in a different direction.

“The lawsuit was resolved to everyone’s satisfaction, and we wish Canelo the best going forward,” Oscar de la Hoya, founder and chairman of Golden Boy Promotions told BS.com in a prepared statement.

One last attempt for all sides to move forward came in the final meeting between all parties.

According to multiple sources with intimate knowledge of such talks, a soft date of December 19 was set aside for Alvarez to face either of England's two unbeaten super middleweight titlists Callum Smith or Billy Joe Saunders. With it came an offer of a guaranteed payday just north of $20 million plus a percentage of subscriptions generated from the one-off event.

Sources informed BS.com that Alvarez and his team instead demanded to be paid the contractually-specified $35 million, leaving the parties at a standstill.

As for Golden Boy, the next step is to continue to work with DAZN, a relationship which seems to remain intact.

In addition to Alvarez, Golden Boy brought over its entire stable of more than 80 boxers to DAZN in a separate five-year deal. The exact terms without the benefit of delivering Alvarez remain murky as this goes to publish, although multiple sources have informed BS.com that talks are underway for the two sides to ensure that they continue to do business together whether in present form (sans Alvarez) or under a restructured pact.

Sports Illustrated's Chris Mannix was the first to report such talks between Golden Boy and DAZN.

“In strong partnership with DAZN, we will continue showcasing our wide array of talent, including rising superstars like Ryan Garcia, Jaime Munguia and Vergil Ortiz Jr., all of whom have the talent and potential to become the next biggest star in our sport,” notes de la Hoya.

Golden Boy has presented two shows since the pandemic, the most recent of which came on October 30 with Munguia scoring a 6th round stoppage of Tureano Johnson.

The next show in the partnership will come December 5, with Ryan Garcia (20-0, 17KOs) and England’s Luke Campbell (20-3, 17KOs) colliding in a 12-round interim lightweight title fight. The event will help kick off the long-delayed but now official global launch for DAZN in more than 200 markets beginning December 1.

Meanwhile, industry rumors suggest Alvarez is eyeing a December 19 ring return, with unbeaten titlist Caleb Plant as the targeted foe according to ESPN Deportes. Such talks would conflict with other discussed plans in place for the potential parties involved in such an event.

Whichever direction Alvarez next heads, it will be on his own terms. No such clause exists which would allow DAZN and Golden Boy to simply match his best offer in order to retain his services on its platform, as Alvarez is a true network and promotional free agent at this point.

The article says their is no clause that allows DAZN to just match his best offer to keep Canelo on their platform.
It's obvious that DAZN wanted to retain Canelo but at a much cheaper price.

What if the purse for the rumored bout with Plant is significantly less than what DAZN would have had to pay Canelo previously??
Could DAZN then extend an offer that is a few million higher than any other offer but still much cheaper than his previous contract?

Canelo will accept the highest bid.
imo it will be hilarious if the highest bid still comes from DAZN.
After all this drama he could still end up fighting on DAZN.

Thomastearns wrote: ↑07 Nov 2020, 13:14 "The only bad part, Canelo's fights will now be 90 dollar pay-per-views, no matter who he fights. That is the only drawback."



You don't say, $90??

Seriously?

In these times?

There must be one hell of a serious disconnect between Canelo and his fans.

Tell you what Saul, why not make it $190? You're worth it.

Ruthless-RKO wrote: ↑07 Nov 2020, 13:44

Thomastearns wrote: ↑07 Nov 2020, 13:14 "The only bad part, Canelo's fights will now be 90 dollar pay-per-views, no matter who he fights. That is the only drawback."



You don't say, $90??

Seriously?

In these times?

There must be one hell of a serious disconnect between Canelo and his fans.

Tell you what Saul, why not make it $190? You're worth it.

Isn’t it around $70-$80?

Not that it’s any better..

It’s the really elite fights that will be $100.

Enlightened-One wrote: ↑09 Nov 2020, 06:45 The RING’s Doug Fischer believes that one of the benefits of Canelo becoming a free agent, with DAZN no longer burdened with contractual obligations worth $365m, is that they’ll now have more money to improve the quality of their fights.

So he suggests that DAZN may be able to fund marquee bouts, such as: Chocolatito-Estrada II, Golovkin-Andrade, Golovkin-Smith or Saunders (at 168), Jacobs vs. Smith or Saunders (at 168), Golovkin vs. Munguia etc.

He could be right, who knows?