Canelo Sues DAZN, Golden Boy, De La Hoya

lazboy
Super Lightweight
Posts: 5563
Joined: 16 Jun 2016, 21:00

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by lazboy »

Anyone can look through the pages and see how the conversation unfolded. It’s pretty clear the issue being discussed was whether Dazn had any money to pay Canelo. I’ve raised some doubt about it, you’ve just shown your own ignorance. I’d imagine that’s embarrassing so I don’t blame you for trying to deflect.

Again, the comments are there to be read. I don’t need to say more.
Enlightened-One
Super Lightweight
Posts: 14618
Joined: 19 Jul 2016, 05:12

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Enlightened-One »

lazboy wrote: 10 Sep 2020, 02:51 Anyone can look through the pages and see how the conversation unfolded. It’s pretty clear the issue being discussed was whether Dazn had any money to pay Canelo. I’ve raised some doubt about it, you’ve just shown your own ignorance. I’d imagine that’s embarrassing so I don’t blame you for trying to deflect.

Again, the comments are there to be read. I don’t need to say more.
In other words, you can’t undermine my claims, but you’ll pretend you’ve successfully done so anyway? :OhYes:

It would only take a few seconds to quote something I wrote you find objectionable, but you can’t even do that, can you? :lol:

You’ve got a chance to “embarrass” me, but you’re too scared to attempt to do it!
lazboy
Super Lightweight
Posts: 5563
Joined: 16 Jun 2016, 21:00

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by lazboy »

:lol:
Enlightened-One
Super Lightweight
Posts: 14618
Joined: 19 Jul 2016, 05:12

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Enlightened-One »

Dan Rafael provided his thoughts (via his Facebook page) on the Canelo-GBP-DAZN lawsuit and makes some AMAZING claims!

One of the central issues is that per Canelo's DAZN contract he's supposed to fight 2x per year with at least 1 fight being against a "premium" opponent. Fair enough. At issue is who constitutes a "premium" opponent.

DAZN, obviously, considers GGG "premium" but claims guys like Danny Jacobs & Sergey Kovalev weren't. I strongly disagree, especially given the huge money DAZN paid for them above what is budgeted to Golden Boy to pay an opponent. DAZN has also not given Canelo a list of those who would be considered "premium" foes.

DAZN approved Callum Smith & Billy Joe Saunders for Canelo but not as "premium" guys & wanted to dramatically cut his $35M of the overall $40M license fee paid to Golden Boy. I'm told DAZN would consider (not joking) De La Hoya, Jorge Masvidal & Khabib "premium" foes even though Oscar is 47 and has not boxed since 2008 & the other guys aren't boxers.

It seems unfair/unrealistic to give guy only one bona fide choice to fight in GGG when the contract doesn't specify that, according to the suit. To not consider Jacobs, Kovalev or Smith "premium" opponents is not legit to me.

I think Canelo just wants to fight. He's a fighter. That's what he does. But he also doesn't want to be disrespected and not have his contract honored, one he earned. Also, it's not like he's looking to fight bums.

All that said, I am told Canelo IS willing to take a haircut on the money (at least before the suit was filed) AND also willing to fight with no fans, meaning even less money because he gets a chunk of the gate.

DAZN, to me, seems to be having simply a bad case of buyers remorse. But nobody stuck a gun to anyone's head and made them offer Canelo $35M per fight. It's no different than a baseball owner signing a huge $ free agent and regretting it later. Still have to pay up.

Canelo is willing to fight Smith and Saunders as well as the 3rd GGG fight, but that's a heavy lift with no gate when the first fight did $27M in tickets and the second did $24M. Who's making that up? This will be messy.
Last edited by Enlightened-One on 10 Sep 2020, 04:02, edited 1 time in total.
Ruthless-RKO
Welterweight
Posts: 101171
Joined: 24 Apr 2016, 11:59

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Ruthless-RKO »

lazboy wrote: 10 Sep 2020, 00:55
Rgoodwin wrote: 09 Sep 2020, 15:17
margaret thatcher wrote: 09 Sep 2020, 14:09 knowing dazn, they'll pay 2 billion to hire the law school janitor to defend them
:lol:
You boys heard of Jesse Vargas. He’d make a good lawyer.
Maaaannn... Eddeh set him up for life.
ets not forget the 1-time payment to Mikey Garcia. Was it $7m

Plus Vargas’s $3m guarantee.. what an event!
Ruthless-RKO
Welterweight
Posts: 101171
Joined: 24 Apr 2016, 11:59

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Ruthless-RKO »

De La Hoya on DAZN Frustrations: 'They're Not Living Up To Their Contract'

Over and over, Golden Boy Promotions CEO Oscar De La Hoya used the word “frustration” to describe his feelings about the deteriorating relationship between his company, its star fighter Canelo Alvarez and their broadcast partner DAZN.

They are locked in a battle over Alvarez’s next opponent and the amount of money DAZN is on the hook for, which spilled over Tuesday when Alvarez sued DAZN, De La Hoya and Golden Boy in federal court for the Central District of California.

Alvarez, who is suing for breach of contract, intentional interference with a contract, negligent interference with a contract, fraud and breach of fiduciary duty, among other allegations, is seeking damages of at least $280 million – the remainder of what he is owed under the five-year, 11-fight, $365 million deal he signed in late 2018 – as well as punitive damages, attorneys’ fees, costs of the suit and “a judicial determination that he is eligible to participate in bouts arranged and promoted by entities other than Golden Boy Promotions and broadcast by entities other than DAZN.”

DAZN has approved super middleweight titleholders Callum Smith (27-0, 19 KOs) and Billy Joe Saunders (29-0, 14 KOs) as opponents for Alvarez (53-1-2, 36 KOs) but does not consider them to be “premium” opponents and does not want to pay Alvarez the $35 million he is due under his contract. What DAZN really wants is a third fight between Alvarez and fellow middleweight star Gennadiy Golovkin (40-1-1, 35 KOs), which it also has under exclusive nine-figure contract, but for a variety of reasons that fight won’t be next.

De La Hoya, despite a rocky relationship with Alvarez, came to his defense.

“In my mind Canelo is willing to fight anyone, obviously, the way he’s proved it many times in his career. He’s willing to fight Billy Joe Saunders; he’s willing to fight Callum Smith. My frustration is DAZN,” De La Hoya told Boxing Scene in an interview on Tuesday night, just a couple of hours before he learned of the lawsuit. “My frustration is the obligation that DAZN has to its fans and to Canelo.

“Another frustration is DAZN’s obligation to live up to a contract that they signed. That’s a huge frustration. That’s a huge deal breaker for us. That’s where the frustration is. How can you fight a top-level opponent like Callum Smith, an elite opponent like Callum Smith and Billy Joe Saunders, and then have DAZN not live by their contract? It doesn’t make sense to me and that’s where the frustration is.”


De La Hoya declined to get into specifics of what DAZN was offering but said, “They’re not living up to their contract.”

Sources with knowledge of the discussions told Boxing Scene that DAZN would do a fight between Alvarez and Smith or Saunders but for less than half of what Alvarez is due under the agreement. Alvarez would also be taking a hit on his money because the fight would take place without ticket-buying fans due to the coronavirus pandemic.

“We’re obviously hoping we get back to normal very soon and we can hopefully have gate revenue as soon as possible, but we figured it out,” De La Hoya said of being able to do an Alvarez fight without a crowd. “The only worry I have is DAZN living up its contract.”

De La Hoya also said he did not agree with the notion that Smith and Saunders do not qualify as premium foes for Alvarez.

“If anyone tells me Callum Smith or Billy Joe Saunders are not premium fighters I must be crazy,” De La Hoya said. “I must not know boxing. I must not have been in boxing for 35 years. Let’s get this going. Live up to your contract. Let’s get three great fights – Callum Smith, Billy Joe Saunders, GGG. Whatever order. Let’s get it going. Let’s do it. We’re waiting for you (DAZN),”

De La Hoya insisted the fight with Golovkin would have happened this month had it not been for the coronavirus pandemic. Alvarez was supposed to fight Saunders in May and Golovkin was due to fight mandatory challenger Kamil Szeremeta in the spring, and then they would have met for a third time in a fight that had been agreed to.

“That fight was going to happen,” De La Hoya said. “Canelo is willing to fight the very best and he does that because he respects the fans. He does that because he wants to be great.”

Adding to the issues between De La Hoya and DAZN is the fact that the streaming service is also supposed to broadcast monthly Golden Boy cards as well as do two cards per month of its Thursday night series featuring up-and-coming fighters.

As of now, DAZN is only committing to two main cards for the rest of the year (besides a potential Alvarez fight) and there are no Thursday shows in the works.

“It’s a frustration because we have 80-plus fighters. We have several world champions who are not fighting,” De La Hoya said. “But the truth of the matter is people want to see Canelo fight. That’s the bottom line. They want to see the biggest star in boxing fight on DAZN and people are getting fed up. I want to deliver the best fights possible.”

DAZN declined to comment.

The two Golden Boy cards in play are one that would take place Oct. 17 or Oct. 30 and be headlined by former junior middleweight titlist and current middleweight contender Jaime Munguia (35-0, 28 KOs), 23, of Mexico, and the vacant interim lightweight title bout between Ryan Garcia (20-0, 17 KOs), 22, of Victorville, California, and England’s Luke Campbell (20-3, 16 KOs), 32, ticketed for late November or early December. However, according to Golden Boy, there are still issues over the money for that card.

With so few dates it leaves out the ability for Golden Boy to reschedule the light heavyweight fight between Sergey Kovalev and Sullivan Barrera, which was postponed from April 25 due to the pandemic, or have dates for junior lightweight world titlist Joseph Diaz Jr., junior middleweight titlist Patrick Teixeira, junior lightweight titlist Rene Alvarado or rising welterweight star Vergil Ortiz Jr., among others.

De La Hoya, as he said repeatedly, is frustrated – and that was before the Alvarez lawsuit dropped.

“If I have a contract and if I don’t live it up to it what’s going to happen? And, yes, we don’t want to litigate. That’s the last resort. That’s not even a resort for us,” De La Hoya said. “We’ve been great partners, yes, they’ve been great partners. We just want to get a fight going. The fans deserve it.”
Ruthless-RKO
Welterweight
Posts: 101171
Joined: 24 Apr 2016, 11:59

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Ruthless-RKO »

If people involved want to go public with this sh!t.. they might as well start throwing around figures and facts.
Enlightened-One
Super Lightweight
Posts: 14618
Joined: 19 Jul 2016, 05:12

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Enlightened-One »

Ruthless-RKO wrote: 10 Sep 2020, 04:08 If people involved want to go public with this sh!t.. they might as well start throwing around figures and facts.
If the lawsuit goes ahead, the facts will almost certainly be made public.

However, I feel this matter will be settled out-of-court.
Enlightened-One
Super Lightweight
Posts: 14618
Joined: 19 Jul 2016, 05:12

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Enlightened-One »

Just to reiterate what I previously wrote earlier in this thread (in case people missed it due to being buried behind other posts), Dan Rafael and Mike Coppinger are both claiming that DAZN is only interested in green-lighting “premiere” opponents for Canelo.

And the only names DAZN consider as being “premiere”, other than GGG, are MMA stars Jorge Masvidal and Khabib Nurmagomedov, as well as the 47-year-old Oscar De La Hoya (who hasn’t fought since 2008). :o

Apparently, DAZN doesn't consider Danny Jacobs, Sergey Kovalev, Callum Smith & Billy Joe Saunders as being "premium" Canelo opponents. :o
margaret thatcher
Featherweight
Posts: 39233
Joined: 22 Jul 2019, 15:43

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by margaret thatcher »

the more that comes out, the more dazn sounds like a clown club with their boxing run by dudes who dont know sh!t about boxing

like, i would love to hear these dudes sit down and explain the rational behind making garcia-vargas a 10m event. a few years ago we used to joke about haymon overpayments, but dazn took it to a whole new bizarre level.

and looks like they wanted to turn canelo into an mma fighter :lol:
Jeff_lacy_ko
Super Featherweight
Posts: 5711
Joined: 06 Sep 2018, 14:15

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Jeff_lacy_ko »

If they didnt define "premium" in the contract and left it open for interpretation they are asking for a lawsuit
Jeff_lacy_ko
Super Featherweight
Posts: 5711
Joined: 06 Sep 2018, 14:15

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Jeff_lacy_ko »

If all they wanted was ggg vs canelo 3 why not just pay each guy a boatload of money for that one fight?

Its PATHETIC message board people know more about boxing business than millionaire execs with a 500 million bankroll.
Ruthless-RKO
Welterweight
Posts: 101171
Joined: 24 Apr 2016, 11:59

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Ruthless-RKO »

margaret thatcher wrote: 10 Sep 2020, 08:38 the more that comes out, the more dazn sounds like a clown club with their boxing run by dudes who dont know sh!t about boxing

like, i would love to hear these dudes sit down and explain the rational behind making garcia-vargas a 10m event. a few years ago we used to joke about haymon overpayments, but dazn took it to a whole new bizarre level.

and looks like they wanted to turn canelo into an mma fighter :lol:
They probably think MMA and Boxing is the same sport.
bobcatbox
Super Bantamweight
Posts: 1446
Joined: 28 Jun 2020, 12:51

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by bobcatbox »

Let’s look at the positive side. Assuming the worst - that this drags out a year and a half and DAZN crumbles into bankruptcy in the meantime (rendering them judgment proof) - Canelo will most likely sign with Showtime and fight at least one Charlo when he comes back May of 2022. Then probably Andrade in September 2022. Then maybe a whole slew of PPV fights.
Enlightened-One
Super Lightweight
Posts: 14618
Joined: 19 Jul 2016, 05:12

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Enlightened-One »

bobcatbox wrote: 10 Sep 2020, 09:46 Let’s look at the positive side. Assuming the worst - that this drags out a year and a half and DAZN crumbles into bankruptcy in the meantime (rendering them judgment proof) - Canelo will most likely sign with Showtime and fight at least one Charlo when he comes back May of 2022. Then probably Andrade in September 2022. Then maybe a whole slew of PPV fights.
The worst-case scenario is that this situation could drag on for years. And Canelo’ contract with GBP and DAZN could legally compel him to remain inactive if he’s contractually unable to work with rival networks or promoters during the interim.

And all his big-name rivals (Golovkin, Andrade, Charlo, Derevyanchenko, Smith, Benavidez, Plant, Saunders, Beterbiev and Bivol) could all miss out on huge paydays for the next two or three years.

The same applies for all the fighters competing on the undercards of his events, since they would receive less exposure and smaller purses.

The sport of boxing would also receive less mainstream media attention, because its biggest star would be doing absolutely nothing other that engaging in lengthy legal battles.
Enlightened-One
Super Lightweight
Posts: 14618
Joined: 19 Jul 2016, 05:12

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Enlightened-One »

I’ve just checked Golden Boy’s failed lawsuit against Al Haymon and their financial reports proved that Canelo accounted for 94% of GBP’s income from boxing operations in 2015 and 107% in the first half of 2016 (I didn't calculate the percentages, I copied them as-is).

I’m assuming the situation hasn’t changed much since then, because Canelo is clearly GBP’s biggest revenue generator by the proverbial country mile.

And let’s face it, would DAZN have joined forces with Golden Boy (agreeing to provide boxing content [fight cards] for twelve events per year) if they didn’t have Canelo in their stable?
Jeff_lacy_ko
Super Featherweight
Posts: 5711
Joined: 06 Sep 2018, 14:15

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Jeff_lacy_ko »

Its more likely dazn buys out his contract.

His contract with oscar is probably more complicated though.

Fun stuff.
squiggy
Heavyweight
Heavyweight
Posts: 2094
Joined: 04 Feb 2008, 03:35

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by squiggy »

It seems likely that one party to this lawsuit -- and maybe all parties to it -- is pretending that a global pandemic hasn't ground almost all events and jobs to a halt and decimated the entire world economy. Isn't it the very definition of an 'act of god'/force majeure? You have to be insane to expect the finances of sporting events to be the same when no one can attend them and everyone is hemorrhaging money like mad.
Boxing Prospect
Super Middleweight
Posts: 6592
Joined: 25 Jun 2012, 14:35

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Boxing Prospect »

Jeff_lacy_ko wrote: 10 Sep 2020, 10:33 Its more likely dazn buys out his contract.

His contract with oscar is probably more complicated though.

Fun stuff.
You not think they'd drag it out as a big "fornicate you"? Hey if you ain't fighting for us you ain't fighting for anyone, we're happy for you to rot in legal purgatory etc etc
Jeff_lacy_ko
Super Featherweight
Posts: 5711
Joined: 06 Sep 2018, 14:15

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Jeff_lacy_ko »

No i think dazn offers a buyout. It makes sense from their end and his end

Dlh needs canelo so that might drag on
Jeff_lacy_ko
Super Featherweight
Posts: 5711
Joined: 06 Sep 2018, 14:15

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Jeff_lacy_ko »

Nobody likes discovery so when it gets to that stage in a few months thats when deals happen
Enlightened-One
Super Lightweight
Posts: 14618
Joined: 19 Jul 2016, 05:12

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Enlightened-One »

squiggy wrote: 10 Sep 2020, 12:02 It seems likely that one party to this lawsuit -- and maybe all parties to it -- is pretending that a global pandemic hasn't ground almost all events and jobs to a halt and decimated the entire world economy. Isn't it the very definition of an 'act of god'/force majeure? You have to be insane to expect the finances of sporting events to be the same when no one can attend them and everyone is hemorrhaging money like mad.
How does the force majeure concept apply to a company like DAZN that continues to spend billions of dollars investing in other sports? And we’re only talking about as recently as the last few weeks.

Dan Rafael and Mike Coppinger have both claimed that the central issue relates to DAZN only being interested in green-lighting “premiere” opponents for Canelo.

And the only names DAZN consider as being “premiere”, other than GGG, are MMA stars Jorge Masvidal and Khabib Nurmagomedov, as well as the 47-year-old Oscar De La Hoya (who hasn’t fought since 2008). :o

Apparently, DAZN doesn't consider Danny Jacobs, Sergey Kovalev, Callum Smith & Billy Joe Saunders as being "premium" Canelo opponents. :o
The Gratest
Super Bantamweight
Posts: 6495
Joined: 20 Jun 2020, 19:41

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by The Gratest »

Jeff_lacy_ko wrote: 10 Sep 2020, 12:31 No i think dazn offers a buyout. It makes sense from their end and his end

Dlh needs canelo so that might drag on
No way will Canelo get involved in any drag acts with Oscar.
Thomastearns
Super Lightweight
Posts: 2401
Joined: 26 Feb 2017, 11:11

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by Thomastearns »

“Canelo is willing to fight the very best and he does that because he respects the fans. He does that because he wants to be great.”


Oscar might be wish to change his tune now that Clenelo has stabbed him in the back.

Oscar De La Hoya, once he's finished hiding all of his visible liquid assets, might want to begin writing his memoirs, 2020: Between a Rock and a Hard Place.
bobcatbox
Super Bantamweight
Posts: 1446
Joined: 28 Jun 2020, 12:51

Re: Canelo Sues DAZN, Golden Boy, De La Hoya

Post by bobcatbox »

Enlightened-One wrote: 10 Sep 2020, 09:54
bobcatbox wrote: 10 Sep 2020, 09:46 Let’s look at the positive side. Assuming the worst - that this drags out a year and a half and DAZN crumbles into bankruptcy in the meantime (rendering them judgment proof) - Canelo will most likely sign with Showtime and fight at least one Charlo when he comes back May of 2022. Then probably Andrade in September 2022. Then maybe a whole slew of PPV fights.
The worst-case scenario is that this situation could drag on for years. And Canelo’ contract with GBP and DAZN could legally compel him to remain inactive if he’s contractually unable to work with rival networks or promoters during the interim.

And all his big-name rivals (Golovkin, Andrade, Charlo, Derevyanchenko, Smith, Benavidez, Plant, Saunders, Beterbiev and Bivol) could all miss out on huge paydays for the next two or three years.

The same applies for all the fighters competing on the undercards of his events, since they would receive less exposure and smaller purses.

The sport of boxing would also receive less mainstream media attention, because its biggest star would be doing absolutely nothing other that engaging in lengthy legal battles.
That’s why I’m trying to stay on the positive side. :clap:
Post Reply