BoxRec

Parson Cross wrote:Contracts mate, contracts.

Parson Cross wrote:Contracts mate, contracts.

ThereByTheGrace wrote:Jelly and ice cream when allegedly's "empire" dies!

Parson Cross wrote:Oh he's Wazza till he dies, oh he's Wazza till he dies, he knows he is, he's sure he is, he's Wazza till he dies.
Anyone betting on his demise is foolish.

Parson Cross wrote:Contracts mate, contracts.

keithmoonhangover wrote:

Parson Cross wrote:Contracts mate, contracts.

Contracts are one thing, but if a promoter were at some point top breach that contract, then the fighter would have a very strong case for wallking out.

earsjohn wrote:

keithmoonhangover wrote:

Parson Cross wrote:Contracts mate, contracts.

Contracts are one thing, but if a promoter were at some point top breach that contract, then the fighter would have a very strong case for wallking out.

Didn't a court determine that Bellew was legally entitled to walk out on his management contract with Warren? The ongoing legal situation relates to Bellews promotional contract with FWP. (at least as I understand it).

I can't see there being a legal issue with Groves, given he has never been managed by Warren. It'll be a clear cut promotional situation.

keithmoonhangover wrote:

earsjohn wrote:

keithmoonhangover wrote:
Contracts are one thing, but if a promoter were at some point top breach that contract, then the fighter would have a very strong case for wallking out.

Didn't a court determine that Bellew was legally entitled to walk out on his management contract with Warren? The ongoing legal situation relates to Bellews promotional contract with FWP. (at least as I understand it).

I can't see there being a legal issue with Groves, given he has never been managed by Warren. It'll be a clear cut promotional situation.

I was talking about his other fighters.

earsjohn wrote:The idea that Warren is on the brink of collapse is almost laughable. My reading of the accounts situation (from the stories on the net and not any first hand reading of the source documents) is that his promotional company is in debt largely to its shareholders (ie, Warren himself), rather than to external creditors. Now given that Frank is highly unlikely to call in his own company's debts, administration is a while away. By heading down the Allegedly channel route, Frank has effectively cut off the revenue generating potential of his promotional company in support of his investment in the TV company.

Maybe the issues with the boxers themselves (Bellew, Degale, Groves) stems from the limited money available for purses when there is no TV revenue (I have not read anything to suggest that Allegedly channel is paying a fee to televise W.Promotions cards). For all the hatred for Sky and Hearn, Matchroom are receiving a fee from Sky for the rights to televise their promotions. The revenue that Allegedly channel makes helps its shareholders (Warren et al) and does not go directly to the fighters.

leforge wrote:

earsjohn wrote:The idea that Warren is on the brink of collapse is almost laughable. My reading of the accounts situation (from the stories on the net and not any first hand reading of the source documents) is that his promotional company is in debt largely to its shareholders (ie, Warren himself), rather than to external creditors. Now given that Frank is highly unlikely to call in his own company's debts, administration is a while away. By heading down the Allegedly channel route, Frank has effectively cut off the revenue generating potential of his promotional company in support of his investment in the TV company.

Maybe the issues with the boxers themselves (Bellew, Degale, Groves) stems from the limited money available for purses when there is no TV revenue (I have not read anything to suggest that Allegedly channel is paying a fee to televise W.Promotions cards). For all the hatred for Sky and Hearn, Matchroom are receiving a fee from Sky for the rights to televise their promotions. The revenue that Allegedly channel makes helps its shareholders (Warren et al) and does not go directly to the fighters.

If the shareholders and directors are major creditors then that should be disclosed in the accounts!

Parson Cross wrote:Bellew is out of his Management Contract - but remember he still had to pay Wazza his percentage for all fights during the life of the Contract so let's be fair - it was a score draw.
Now Promotionally we are talking a whole different Contractual ball game.
Very much still ongoing between Wazza and Bellew.
Groves still has a Promotional Contract with Wazza ?
No one knows the detail other than those close to the fire and the devil lies in the detail.
Stand by .....

Parson Cross wrote:Bellew is out of his Management Contract - but remember he still had to pay Wazza his percentage for all fights during the life of the Contract so let's be fair - it was a score draw.
Now Promotionally we are talking a whole different Contractual ball game.
Very much still ongoing between Wazza and Bellew.
Groves still has a Promotional Contract with Wazza ?
No one knows the detail other than those close to the fire and the devil lies in the detail.
Stand by .....

Parson Cross wrote:Oh he's Wazza till he dies, oh he's Wazza till he dies, he knows he is, he's sure he is, he's Wazza till he dies.
Anyone betting on his demise is foolish.

G0mez wrote:I think of that scene, in Cinderella Man - where they go to the promoter's big fancy apartment, and shout about money at him - and he then let's them inside to the apartment and it's completely bare of anything. There is just a single chair in the corner. No furniture, no carpets and no money.

And he explains the cigar and the big car are to make everyone think he's successful and not to be messed with. In reality, he is bust. And if everyone knew that, he would be finished.