ricky made Ricky a world champion mate[/quote]JimJim2009 wrote:With regards to Warren he took a bloke who was barely Euro title level and 'made' him a two time world 'champion'
[/quote]
Tbf to Expe that's the info that's officially come out from the court, Billy. FW failed to pay the mitchell purse to Rick, then said he'd pay him in installments but didn't complete the agreement. Something like £70000 short.billy nelson wrote:I'd love to know we're you get your false info mateexpe wrote:Was all publicised in the first court case, the money was long overdue, it was supposed to be paid in installments, but after the first two, the money stopped coming.Black Sam Bellamy wrote:Are you aware of the payment terms in Burns' contract ?
Fwank took him to the cleaners a few months ago.Fantastic Giants wrote:Bet this old tw*t isn't out of pocket
I've not read the court judgement since if first came out, so I might be a bit off, some of the money had been paid, but a lot was still due. Not 100% on the installments bit though or whether it was 2 that were paid.DazDiCanio wrote:Tbf to Expe that's the info that's officially come out from the court, Billy. FW failed to pay the mitchell purse to Rick, then said he'd pay him in installments but didn't complete the agreement. Something like £40000 short.billy nelson wrote:I'd love to know we're you get your false info mateexpe wrote: Was all publicised in the first court case, the money was long overdue, it was supposed to be paid in installments, but after the first two, the money stopped coming.
Yeah, at least Frank was able to wave copies of e-mails about !!DazDiCanio wrote:What gets me most about this is the phantom letter that Eddie Hearn publicly says he has that Ricky says he didn't write.
Just stone cold lying and unprofessional.
Can anyone remember that photo of the curly haired maniac in the bedroom with strange wallpaper? it looks as if Morrison has borrowed his hands.Fantastic Giants wrote:Bet this old tw*t isn't out of pocket
palooka wrote:Can anyone remember that photo of the curly haired maniac in the bedroom with strange wallpaper? it looks as if Morrison has borrowed his hands.Fantastic Giants wrote:Bet this old tw*t isn't out of pocket
I know the oneThat photo was epic. Wasn't there a carpet on the wall?palooka wrote:Can anyone remember that photo of the curly haired maniac in the bedroom with strange wallpaper? it looks as if Morrison has borrowed his hands.Fantastic Giants wrote:Bet this old tw*t isn't out of pocket
Reading these together, Warren is trying to claim this is a new legal victory when it is in fact the same one. He has also ended up nearly £700k in the hole on legal costs which he cannot now recover from Ricky Burns as the judge has decided that he should only get £100k in costs.
Recently, we posted dueling stories from Ricky Burns/Eddie Hearns & allegedly about their ongoing legal drama, and which side came out ahead. There's another set of releases sent from each side today. Here, we'll showcase what each side had to say in full.
From allegedly:
The Court today confirmed that boxing promoter allegedly won his claim against boxer Ricky Burns. The Judge found that there was no basis for Burns to walk away from his promotional and management agreements.
Promoter Eddie Hearn advised Burns that Warren had no claim at all, saying last March, “we've been provided with a letter from Burns as confirmation that he has terminated his agreement... We have advice from our lawyers and I'm very comfortable. There is no contract now."
However this advice, now proven to be inaccurate, given to him by Hearn and his co-manager Alex Morrison, who did not give evidence nor attend the trial on any day, has proved costly to Burns who must now pay £200,000 of his own legal fees and a further £170,000 by the end of January to pay Warren's damages and costs, with other substantial sums to follow.
Morrison also lost an action to Warren recently in relation to a libel connected to this case and he too was ordered to pay £110,000 plus further substantial costs.
Coincidentally Hearn’s solicitors Mischon De Reya also represented Ricky Burns.
allegedly said today, “I'm glad that the Court upheld my management and promotional agreements. I'm sorry that it came to this, as under my guidance Ricky became a double world champion, but his reliance on the advice of others has unfortunately cost him dearly.”
From Ricky Burns/Matchroom:
Having successfully defended a claim of nearly £2m by allegedly last month, Ricky Burns was disappointed to have been ordered to pay an element of costs towards Warren in relation to the far smaller award in Warren's favor for unpaid management commission. Burns will be appealing the decision to the Court of Appeal.
Whilst the Judge did not believe Burns should be responsible for Warren's costs of nearly £800,000, he did, however, require Burns to pay £100,000 to Warren as an interim payment. It is hoped that this sum will be set off against the monies due to Burns from Warren once the matter has been dealt with by the British Boxing Board of Control. Burns remains owed the sum of £102,000 from his fight against Kevin Mitchell over two years after allegedly’s wife put his promotional company, allegedly Promotions Limited, into Administration.
The first case was related to the non payment for the Mitchell fight and Fwank claiming £2m for loss of earnings because of Burns leaving and unpaid management fees. FWP were ordered to pay Burns the rest of his purse, plus damages and interest, the claim for loss of earnings was thrown out because the judge didn't believe that it cost Fwank £2m, partly because Fwank was exaggerating the figures and partly because the judge didn't understand boxing and Burns was ordered to pay Fwank £73k in management fees.dookus wrote:Hold on fellas - I have a feeling this is actually the same case as before, albeit the judge has now made a ruling on costs:
http://www.proboxing-fans.com/more-lega ... rns_121514
Reading these together, Warren is trying to claim this is a new legal victory when it is in fact the same one. He has also ended up nearly £700k in the hole on legal costs which he cannot now recover from Ricky Burns as the judge has decided that he should only get £100k in costs.
Recently, we posted dueling stories from Ricky Burns/Eddie Hearns & allegedly about their ongoing legal drama, and which side came out ahead. There's another set of releases sent from each side today. Here, we'll showcase what each side had to say in full.
From allegedly:
The Court today confirmed that boxing promoter allegedly won his claim against boxer Ricky Burns. The Judge found that there was no basis for Burns to walk away from his promotional and management agreements.
Promoter Eddie Hearn advised Burns that Warren had no claim at all, saying last March, “we've been provided with a letter from Burns as confirmation that he has terminated his agreement... We have advice from our lawyers and I'm very comfortable. There is no contract now."
However this advice, now proven to be inaccurate, given to him by Hearn and his co-manager Alex Morrison, who did not give evidence nor attend the trial on any day, has proved costly to Burns who must now pay £200,000 of his own legal fees and a further £170,000 by the end of January to pay Warren's damages and costs, with other substantial sums to follow.
Morrison also lost an action to Warren recently in relation to a libel connected to this case and he too was ordered to pay £110,000 plus further substantial costs.
Coincidentally Hearn’s solicitors Mischon De Reya also represented Ricky Burns.
allegedly said today, “I'm glad that the Court upheld my management and promotional agreements. I'm sorry that it came to this, as under my guidance Ricky became a double world champion, but his reliance on the advice of others has unfortunately cost him dearly.”
From Ricky Burns/Matchroom:
Having successfully defended a claim of nearly £2m by allegedly last month, Ricky Burns was disappointed to have been ordered to pay an element of costs towards Warren in relation to the far smaller award in Warren's favor for unpaid management commission. Burns will be appealing the decision to the Court of Appeal.
Whilst the Judge did not believe Burns should be responsible for Warren's costs of nearly £800,000, he did, however, require Burns to pay £100,000 to Warren as an interim payment. It is hoped that this sum will be set off against the monies due to Burns from Warren once the matter has been dealt with by the British Boxing Board of Control. Burns remains owed the sum of £102,000 from his fight against Kevin Mitchell over two years after allegedly’s wife put his promotional company, allegedly Promotions Limited, into Administration.
So Burns is responsible for £100k of Warren's costs plus £200k of his own and £70k in damages; on the other side he has a useless judgment for £102k against a company in administration. Warren wins £70k but is responsible for nearly £700k in legal costs to his solicitors (I hope their retainer is with him personally and not one of his companies!)
My guess is that Ricky's best shot at justice (or possibly retribution) is to demand that the BBBC tell Warren he has to pay up or lose his promoter's license. Fat chance of that. Failing that, he is now £370k down (or £268k at the absolute best if somehow he gets his money via pressuring the BBBC).
Warren comes away with the only enforceable judgment but is actually somewhere near £630k down in total when everything is added up (near £732k if the BBBC make him pay what his company owes Ricky, which is roughly as likely as me becoming world heavyweight champion).
Justice, uh, prevails in the end...?
Are you sure? It would be extremely unusual for the High Court to waste its time splitting this into two different cases when a) the disputes come from the same contract and b) Warren's case is based on Burns doing exactly the same thing, i.e. walking out of his contract. Also the word "confirm" in Warren's release suggests he's talking about a previous case and there are no new news stories on this except those quoting the press releases when there were a ton on the original case.expe wrote:
The first case was related to the non payment for the Mitchell fight and Fwank claiming £2m for loss of earnings because of Burns leaving and unpaid management fees. FWP were ordered to pay Burns the rest of his purse, plus damages and interest, the claim for loss of earnings was thrown out because the judge didn't believe that it cost Fwank £2m, partly because Fwank was exaggerating the figures and partly because the judge didn't understand boxing and Burns was ordered to pay Fwank £73k in management fees.
Yesterdays case was to do with the breach of contract when Burns left, with the court ruling in favour of Warren, saying that there was no legal basis for Ricky to walk away.
This is the first time a court has ruled that Ricky was in breach of his contract when he left, but I can't tell which case the damages are related to. Frank did mention that his lawyers offered to do the case as no win no fee they were that confident, but it's hard to know whether or not he was bluffing, but if Ricky's legal fees were £200k, £800k seems like a lot for Warren's, even if he's used a miles better law team.
To work out what's really going on we'd need to see the judgement from yesterday, I don't trust either side with what they're putting out, both are leaving out details and attempting to manipulate the story to suit them.
So he has a little over 6 weeks to find £250k. If he doesn't come up with the money, what happens then?Parson Cross wrote:This was just about costs. No way will Wazzas Sols pursue him for the balance of 700k it was a ridiculous costs request in the first place hence the order made.
Ricky has to sort his own bill out of 200k Wazzas Sols costs at 170k and damages of 73k. Total give or take a little 450k. The order on damages and Wazzas costs is to pay on or before 31/1/15.
That's a few fuckin shifts in that sports shop :(Parson Cross wrote:This was just about costs. No way will Wazzas Sols pursue him for the balance of 700k it was a ridiculous costs request in the first place hence the order made.
Ricky has to sort his own bill out of 200k Wazzas Sols costs at 170k and damages of 73k. Total give or take a little 450k. The order on damages and Wazzas costs is to pay on or before 31/1/15.
Wazza's costs are £100k, damages £70kish = £170k no? Wazza said "a further £170,000 by the end of January to pay Warren's damages and costs, with other substantial sums to follow" - is the other £70k to follow after January? Haven't seen the order...Parson Cross wrote:This was just about costs. No way will Wazzas Sols pursue him for the balance of 700k it was a ridiculous costs request in the first place hence the order made.
Ricky has to sort his own bill out of 200k Wazzas Sols costs at 170k and damages of 73k. Total give or take a little 450k. The order on damages and Wazzas costs is to pay on or before 31/1/15.
£73k due in unpaid management fees.dookus wrote:Wazza's costs are £100k, damages £70kish = £170k no? Wazza said "a further £170,000 by the end of January to pay Warren's damages and costs, with other substantial sums to follow" - is the other £70k to follow after January? Haven't seen the order...Parson Cross wrote:This was just about costs. No way will Wazzas Sols pursue him for the balance of 700k it was a ridiculous costs request in the first place hence the order made.
Ricky has to sort his own bill out of 200k Wazzas Sols costs at 170k and damages of 73k. Total give or take a little 450k. The order on damages and Wazzas costs is to pay on or before 31/1/15.
Yep, those are his damages.expe wrote:£73k due in unpaid management fees.dookus wrote:Wazza's costs are £100k, damages £70kish = £170k no? Wazza said "a further £170,000 by the end of January to pay Warren's damages and costs, with other substantial sums to follow" - is the other £70k to follow after January? Haven't seen the order...Parson Cross wrote:This was just about costs. No way will Wazzas Sols pursue him for the balance of 700k it was a ridiculous costs request in the first place hence the order made.
Ricky has to sort his own bill out of 200k Wazzas Sols costs at 170k and damages of 73k. Total give or take a little 450k. The order on damages and Wazzas costs is to pay on or before 31/1/15.
Thought it was £100k solicitors fees + £70k damages from yesterday, plus the £73k in unpaid management fees from last month?dookus wrote:Yep, those are his damages.expe wrote:£73k due in unpaid management fees.dookus wrote: Wazza's costs are £100k, damages £70kish = £170k no? Wazza said "a further £170,000 by the end of January to pay Warren's damages and costs, with other substantial sums to follow" - is the other £70k to follow after January? Haven't seen the order...