BoxRec

samwbr wrote: ↑09 Aug 2019, 17:53 Prograis wants out of the final by the looks of it.

Why? Whats happened?

Breaking: Junior welterweight titlist Regis Prograis has pulled out of the World Boxing Super Series final, a unification fight with Josh Taylor that was supposed to be take place no later than early October, and he and promoter Lou DiBella have filed a lawsuit in New Jersey district court seeking a judge to free him from the contract. They claim WBSS organizers have missed hard deadlines to place money for his purse and the winner's bonus in escrow.

Same thing happened to Inoue vs. Donaire. When Donaire said he would pull out, the Final was confirmed an announced within days.

Really hope this gets sorted, would be a real shame to miss out on such a good final.

NoScoutingReports wrote: ↑09 Aug 2019, 18:49 Really hope this gets sorted, would be a real shame to miss out on such a good final.

Same..

A statement revealed through DBE press office noted that “today in the United States District Court for the District of New Jersey, Regis Prograis and DiBella Entertainment, Inc. filed for a declaratory judgment that Comosa AG, the owner of the World Boxing Super Series, has breached its contractual obligations to Prograis and DBE.

“Prograis and DBE further informed Comosa that Prograis is withdrawing from the WBSS, effective immediately.”

With the withdrawal, Prograis also walks away from a potential $2 million payday had he defeated Scotland’s Taylor (15-0, 12KOs) in the finals.

Of course, a payday is a lot nicer when the money is guaranteed. At no point in the second season of the WBSS tournament has that been the case.

The complaint indicates that “plaintiffs bring this action to resolve the justiciable issue of Prograis’ status as a WBSS participant.

Specifically, Plaintiffs seek a declaration that Comosa’s conduct, in not entering into a new escrow agreement on substantially similar terms as the original Escrow Agreement, violates the material terms of the Escrow Agreement with DBE and Prograis and the parties bargain for Prograis’ continued participation in the WBSS.

“Plaintiffs further seek a declaration that DBE and Prograis are free of any obligations to Comosa or the WBSS and can pursue other opportunities in the sport.”

Prograis was guaranteed $700,000 for his finals clash with Taylor, and for the winner to collect a $1.3 million win bonus. Early whispers suggested the fight was going to take place on October 5 at a location to be determined in the United Kingdom, other than Taylor’s home country of Scotland.

Such a date would have aligned with Comosa’s assurance of the finals taking place no later than October 7. By July 29, DBE attorney Alex Dombroff contacted the tournament organizers in search of an update along with assurances that the funds would be placed in escrow as promised.

According to the complaint, Comosa’s Chris Meyer replied that such fight details would be finalized by no later than August 5. With that came a revision to when the funds were due to be deposited into an escrow account. DBE demanded the following breakdown for the potential $2 million purse:

· $500,000 on or before August 1, 2019 i.e., 65 days before the final bout

· $500,000 on or before August 12, 2019 i.e., 54 days before the final bout

· $1,000,000 on or before September 4, 2019 i.e., 31 days before the final bout

Comosa granted such assurances, though from the alleged understanding that DAZN—the sports streaming service whom has broadcast all of the WBSS season two tournament bouts spanning three weight divisions—never approved the rumored October 5 date.

Not only did Comosa fail to honor the deadline, but didn’t respond until August 6th and with a new proposal. By that point, another tournament bout had been announced—the bantamweight finals between fellow titlists Naoya Inoue and Nonito Donaire, which will take place Nov. 7 in Inoue’s native Japan.

That the later date was announced before the super lightweight finals raised a red flag. So, too, did Comosa’s August 6th response and counter offer on escrow payments as follows:

· $350,000 on or before August 16, 2019 (50 days before the final bout)

· $350,000 on or before August 30, 2019 (36 days before the final bout)

· $1,300,000 on or before September 6, 2019 (29 days before the final bout)

Two days later came another revision, this time with the fight date—which was bumped up a week to September 28, thus giving participants even less time to prepare. A location was not cited in the draft submitted to DBE.

“The new offer clearly violated the Escrow Agreement’s set schedule of escrow payments. It also grossly violated Meyer’s stated deadline for “reasonable notice to the Boxers,” which he emailed less than a week prior,” read the complaint. “Moving the date of the final one week closer also gave Prograis even less time to train for final. The fighters in the WBSS are required to travel to the site of the bout at least one week in advance of the fight in order to do publicity.

“Even if Prograis were to start his training camp immediately on August 8, he would only have a little over six weeks to be in prime condition.”

By that point, Prograis himself had enough and instructed the team to file a lawsuit in efforts to break free from the tournament altogether. The New Orleans-bred boxer patiently waited out overdue payment from his quarterfinals win over Terry Flanagan last fall, having to threaten to sue in order to finally collect his $1 million purse—$500,000 guaranteed plus $500,000 win bonus.

Another DBE client, Ivan Baranchyk went through a similar ordeal following his quarterfinals win over Anthony Yigiti. His team threatened to withdraw from the semifinals versus Taylor unless they were not only paid in full from the quarterfinals but also guaranteed that their money would arrive on time heading into and through the semifinals.

Baranchyk ultimately remained in the tournament, dropping a competitive but clear decision to Taylor to concede his unbeaten record and 140-pound title this past May in Glasgow, Scotland. By then, Prograis had already dethroned Kiryl Relikh to win his first major title, for which he received a total compensation package of $1.1 million—$500,000 purse and $600,000 win bonus—on time.

The win was a savory moment for Prograis, who actually had to convince his handlers to let him remain in the tournament. His goal all along was to win all of the belts within the tournament and then challenge whomever else in the division has a major title. Right now, that would be Jose Carlos Ramirez, who unified two belts in a knockout win over Maurice Hooker this past July.

Ramirez and his team collected a career-high $4 million total compensation package for the win and is already in negotiations for a third fight in 2019, a mandatory title defense versus Jack Catterall. Such a luxury was to be afforded to the tournament participants had the series wrapped up by summertime as originally promised.

It was just one of the many assurances that tournament organizers failed to honor, this last one proving to be a breaking point for Prograis.

“Trust me, I would much rather be preparing right now to fight Josh Taylor in a ring rather than getting ready for a battle in a courtroom,” Prograis told BS.com, though declining further comment given the active lawsuit.

Monetary compensation was not cited in the lawsuit; rather, that a court finds “that Comosa has violated the Escrow Agreement by not entering into a new escrow agreement on terms substantially similar to the original Escrow Agreement.”

From there, the ultimate legal settlement sought is that Prograis is free and clear to resume his career without further obligation to Comosa or the WBSS.

Taylor has had no issues with the payments. I wonder why?
Reggie brought a belt into this series, how come it appears like he is the B side in all of this

KiwiRider wrote: ↑09 Aug 2019, 21:22 Taylor has had no issues with the payments. I wonder why?
Reggie brought a belt into this series, how come it appears like he is the B side in all of this

Possibly because he was earning a lot less outside the tournament and a million pounds a month late is better than £200k on time.

KiwiRider wrote: ↑09 Aug 2019, 21:22 Taylor has had no issues with the payments. I wonder why?
Reggie brought a belt into this series, how come it appears like he is the B side in all of this

Taylor might have he’s just not advertised it to media about slow payments - the 2nd edition of the WBSS has been beset with monetary/dates issued and missed or late payments.

3132DW wrote: ↑10 Aug 2019, 00:30

KiwiRider wrote: ↑09 Aug 2019, 21:22 Taylor has had no issues with the payments. I wonder why?
Reggie brought a belt into this series, how come it appears like he is the B side in all of this

Taylor might have he’s just not advertised it to media about slow payments - the 2nd edition of the WBSS has been beset with monetary/dates issued and missed or late payments.

I think they overstretched themselves having 4 tournaments ongoing compared to the original 2.

Comosa AG have responded in kind. Hope they sort this out and the fight goes ahead, it could be one of the years best.

samwbr wrote: ↑10 Aug 2019, 07:31 Comosa AG have responded in kind. Hope they sort this out and the fight goes ahead, it could be one of the years best.

Hope it’s resolved soon though - wouldn’t be fair for Taylor to be kept waiting by legal action which would drag on for sometime.

ewenhay wrote: ↑10 Aug 2019, 07:09

3132DW wrote: ↑10 Aug 2019, 00:30

Taylor might have he’s just not advertised it to media about slow payments - the 2nd edition of the WBSS has been beset with monetary/dates issued and missed or late payments.

I think they overstretched themselves having 4 tournaments ongoing compared to the original 2.

It’s 3 tournaments. Not 4.

3132DW wrote: ↑10 Aug 2019, 07:46

samwbr wrote: ↑10 Aug 2019, 07:31 Comosa AG have responded in kind. Hope they sort this out and the fight goes ahead, it could be one of the years best.

Hope it’s resolved soon though - wouldn’t be fair for Taylor to be kept waiting by legal action which would drag on for sometime.

Surely josh just box one of the reserves in the final for the trophy then?

bigped wrote: ↑10 Aug 2019, 08:02

3132DW wrote: ↑10 Aug 2019, 07:46

Hope it’s resolved soon though - wouldn’t be fair for Taylor to be kept waiting by legal action which would drag on for sometime.

Surely josh just box one of the reserves in the final for the trophy then?

$2 million for a rematch with Postol wouldn't be a bad night's work for Taylor.

I'm not sure Prog will manage pull out. If Camosa share Sauerland's lawyers (which I suspect), he is going nowhere.

Donaire was unable to leave and he is a much bigger name than Prog.

keirw wrote: ↑10 Aug 2019, 09:00

bigped wrote: ↑10 Aug 2019, 08:02

Surely josh just box one of the reserves in the final for the trophy then?

$2 million for a rematch with Postol wouldn't be a bad night's work for Taylor.

I'm not sure Prog will manage pull out. If Camosa share Sauerland's lawyers (which I suspect), he is going nowhere.

Donaire was unable to leave and he is a much bigger name than Prog.

Comosa for all their “alleged” financial backers - have been involved in a few delays in coming up with monies or delays - bit unprofessional.

Ruthless-RKO wrote: ↑10 Aug 2019, 07:50

ewenhay wrote: ↑10 Aug 2019, 07:09

I think they overstretched themselves having 4 tournaments ongoing compared to the original 2.

It’s 3 tournaments. Not 4.

Sorry 3. Still looks like they've over exposed themselves financially.

Shame as its a good format

This is one of the hottest fights in the sport, would be a shame. Hopefully it's just another Baranchyk move

ewenhay wrote: ↑10 Aug 2019, 14:27

Ruthless-RKO wrote: ↑10 Aug 2019, 07:50

It’s 3 tournaments. Not 4.

Sorry 3. Still looks like they've over exposed themselves financially.

Shame as its a good format

Yh. They thought all the CW belts would be free by the final, so most tourney fights could be for the belts. Only 2 belts are free though.

There still remains work in bridging the gap with World Boxing Super Series in resurrecting his tournament finals clash versus fellow unbeaten titlist Josh Taylor. However, multiple sources from all involved parties have informed BS.com that tremendous strides have been made in helping advance a mouthwatering matchup currently in limbo.
Should a new deal be reached, the unification clash and tournament finale is expected to take place on Oct. 26 in London, England, likely at the O2 Arena.

The Athletic's Mike Coppinger was the first to report the latest development in talks as well as the date, with BS.com being the first to report the potential venue.

Prograis vs. Taylor undercard fights:

Joseph Parker vs. Dereck Chisora
Josh Kelly vs. Ray Robinson II
Lawrence Okolie vs. TBA

This card is expected to be shown on PPV. Fans may be a bit displeased about this but Prograis-Taylor, Parker-Chisora and Kelly-Robinson all look to be promising entertaining bouts.

Hearn struck a bit of gold when Sky decided to sign up with WBSS. It's basically a Matchroom promoted card.

Matchroom's UK cards where on a downer, but this has helped pick it up. Fill another date.

Ruthless-RKO wrote: ↑29 Aug 2019, 05:02 Prograis vs. Taylor undercard fights:

Joseph Parker vs. Dereck Chisora
Josh Kelly vs. Ray Robinson II
Lawrence Okolie vs. TBA

This card is expected to be shown on PPV. Fans may be a bit displeased about this but Prograis-Taylor, Parker-Chisora and Kelly-Robinson all look to be promising entertaining bouts.

Hearn struck a bit of gold when Sky decided to sign up with WBSS. It's basically a Matchroom promoted card.

Matchroom's UK cards where on a downer, but this has helped pick it up. Fill another date.

Another decent PPV card doesn't change the fact that Sky's Saturday fight night content has been dire this year.

It looks a good card though, apart from Okolie, hopefully he picks up an injury during training or something.

You can say what you want about PPV, but it has probably saved the WBSS here.

keirw wrote: ↑29 Aug 2019, 06:16 Another decent PPV card doesn't change the fact that Sky's Saturday fight night content has been dire this year.

It looks a good card though, apart from Okolie, hopefully he picks up an injury during training or something.

You can say what you want about PPV, but it has probably saved the WBSS here.

Yeh, I agree with that. PPV's and regular Sky cards are different. Like you said, doesn't change the fact that normal Saturday cards have been crap.

I guess we always knew Prog-Taylor would be PPV. But with teaming with Matchroom/Sky, they're able to load the card.

Was hoping this would be staged up north as I'd have gone, the semi-final show in Glasgow was immense. Cracking final on paper, looking forward to it.