BoxRec

"Teofimo Lopez not going back to Top Rank, Takeover Promotions the future"

Undisputed lightweight champion Teofimo Lopez will not be going back to Top Rank at any point shortly, World Boxing News can reveal.

The WBN Fighter of the Year for 2020 is concentrating on his image enhancement after launching Takeover Promotions.

Since moving away from Top Rank and joining Triller on a one-fight deal, Lopez has become verified on Twitter (something he fought for) and secured the biggest paycheck of his life.

All this means any Top Rank collaboration is now a thing of the past.

If things ever change at the Las Vegas-based company’s helm, Lopez stated he would be open to a return down the line.

Lopez explained his thoughts to Sirius XM on the Ak and Barak Show:
• Always going to bet on me. Fighters should always look to that. At the moment. Lopez’s goal is to stay focused on this fight while the team works on the future.
• Tried to be as cordial and as polite during these negotiations. But (Todd duBoef) wasn’t doing what he was supposed to.
• ESPN is disappointed in Top Rank and Todd duBoef. I shouldn’t have been in this predicament, but things happen.
• Sees himself becoming a free agent soon. Top Rank gave him the golden ticket to getaway.
• Looking forward to ESPN, PBC, Triller, DAZN, etc., potentially becoming a partner. Just trying to become his own boss, he’s shaken the sport of boxing. ✕
• He was always happy with Top Rank. It’s one of the best companies to start a career.
• Has nothing against Top Rank, but had they gotten rid of Todd, maybe they would have been able to work it out.
• People are willing to buy his contract out. People see the potential of what he could become.
• When he fights Kambosos when they get those numbers, everyone will want to fight him for the biggest payday.
• Top Rank still has his rights at the moment. But they could make another fight happen (WBN understands highly unlikely).
Lopez faces mandatory challenger George Kambosos Jr. in the coming months. The fight could take place as a co-feature to Mike Tyson vs. Evander Holyfield 3.

Thoughts?

it might work out ,but he might also be getting caught up in a mess here at a very young age and when he should have lots of momentum


that article makes it seem as if he can just walk away and it's as simple as that, and lol at his big victory to get a twitter check mark

margaret thatcher wrote: ↑10 Mar 2021, 12:42 it might work out ,but he might also be getting caught up in a mess here at a very young age and when he should have lots of momentum


that article makes it seem as if he can just walk away and it's as simple as that, and lol at his big victory to get a twitter check mark

Is he gonna buy out his own contract with TR?

i guess that would be the way to go if he wants to avoid a huge legal tangle, maybe the 4m payday will help him do that

margaret thatcher wrote: ↑10 Mar 2021, 12:54 i guess that would be the way to go if he wants to avoid a huge legal tangle, maybe the 4m payday will help him do that

Maybe Jake Paul will buy him out. Fighting on Paul undercards is the best spot in the sport. Look what it did for Mike and Roy!

Bob Arum allowed the Lopez-Kambosos IBF bout to go to a purse bid.

Top Rank’s $2.315m offer was outbid by Matchroom ($3.56m) and Triller ($6.018m).

Instead of being disappointed about being unable to promote his own fighter’s event, Bob Arum boasted about earning $800K in five minutes, due to receiving a 20% cut from Lopez’s $3.9m purse.

Here’s how Eddie Hearn responded, when Bob Arum criticised Matchroom for having the audacity for engaging in the purse bid process:

Losing Lopez even for one fight is “a disaster” for Top Rank and ESPN, according to Hearn, who noted that Arum has no one to blame but himself for “this mess.”

“They let it get to this... Teofimo Lopez took the chance for small money to fight Lomachenko because he believed he would win and he believed he would get the financial rewards he deserved. But guess what? When he won, they wouldn’t give it to him. And this whole problem has been caused by Top Rank.

“You know, Bob’s been out there, ‘Oh, Eddie Hearn, I’m f--king pissed off that he’s bid and he’s gotta watch himself now.’ F--k off! It’s an open market. If you can’t do a deal with your fighter, and that comes into the open market, you pay the consequences. And the consequences is someone else has popped up from nowhere and taken one of your biggest assets on your platform, for ESPN, and put it on another platform. It’s a disaster for Top Rank.”

Bob has been around a long time. He understands market realities better than anyone. 6mm for lopez is a huge waste of money

Good for lopez for getting paid
Good for TR to make 800k instead of losing 5mm

Good for triller for wasting investment money

The dumb money continues to flow in boxing despite disastrous results from dazn and pbc

Jeff_lacy_ko wrote: ↑10 Mar 2021, 15:42 Bob has been around a long time. He understands market realities better than anyone. 6mm for lopez is a huge waste of money

Good for lopez for getting paid
Good for TR to make 800k instead of losing 5mm

Good for triller for wasting investment money

The dumb money continues to flow in boxing despite disastrous results from dazn and pbc

Yeh, the bid Arum put in would have given Teo around $1.5m I believe.. which is more than the minimum stated on Teo’s contract.

the only thing this huge Triller bid has done, has made Teo think he’s worth more than he actually is. He’s already got a big head.

Jeff_lacy_ko wrote: ↑10 Mar 2021, 15:42 Bob has been around a long time. He understands market realities better than anyone. 6mm for lopez is a huge waste of money

Good for lopez for getting paid
Good for TR to make 800k instead of losing 5mm

Good for triller for wasting investment money

The dumb money continues to flow in boxing despite disastrous results from dazn and pbc

Triller using money made from farces to try and draw in those fans to real fighters has not yet proven to be wasteful or wise. We have to see what celebrity fight this is the co main for.

Its a waste either way man - they spent 6mm literally doubling market value

They might make money with some youtube guy sure but theyd make more if they didnt waste

Jeff_lacy_ko wrote: ↑10 Mar 2021, 18:41 Its a waste either way man - they spent 6mm literally doubling market value

They might make money with some youtube guy sure but theyd make more if they didnt waste

Agreed long term, but I won't say it's stupid to take a shot. Teo fits the profile to attract non boxing fans.

Ruthless-RKO wrote: ↑10 Mar 2021, 17:48

Jeff_lacy_ko wrote: ↑10 Mar 2021, 15:42 Bob has been around a long time. He understands market realities better than anyone. 6mm for lopez is a huge waste of money

Good for lopez for getting paid
Good for TR to make 800k instead of losing 5mm

Good for triller for wasting investment money

The dumb money continues to flow in boxing despite disastrous results from dazn and pbc

Yeh, the bid Arum put in would have given Teo around $1.5m I believe.. which is more than the minimum stated on Teo’s contract.

Lopez’s minimum purse (according to his contract with Top Rank) is allegedly $1.5m.

Top Rank of wants to pay Lopez less than his commercial worth.

Eolaithe wrote: ↑10 Mar 2021, 19:57

Ruthless-RKO wrote: ↑10 Mar 2021, 17:48

Jeff_lacy_ko wrote: ↑10 Mar 2021, 15:42 Bob has been around a long time. He understands market realities better than anyone. 6mm for lopez is a huge waste of money

Good for lopez for getting paid
Good for TR to make 800k instead of losing 5mm

Good for triller for wasting investment money

The dumb money continues to flow in boxing despite disastrous results from dazn and pbc

Yeh, the bid Arum put in would have given Teo around $1.5m I believe.. which is more than the minimum stated on Teo’s contract.

Lopez’s minimum purse (according to his contract with Top Rank) is allegedly $1.5m.

So if you work it out, the purse bid was gonna give him slightly more than his minimum.

Kambosos is going to dethrone Teofimo and afterwards Teo is going to beg Top Rank not to release him from their contract.

H8Usernames wrote: ↑10 Mar 2021, 23:17 Kambosos is going to dethrone Teofimo and afterwards Teo is going to beg Top Rank not to release him from their contract.

I don't know anything about this Kambosos, but that'd be major surprise I'd say.

Stranger things have happened of course, but this Kambosos guy would have to be one of the best kept secrets in Boxing if he's able to dethrone Lopez that easily.

Kambo is solid, a legit lower top 10 guy who is pretty solid in each department, but teo is elite and will be levels above

Kambosos (in my opinion) is a smart fighter but he doesn't have the activity or power to make an impact on Teo. There may be some close and technical moments but I see Teo out-landing him and landing the more effective punches without too many problems.

H8Usernames wrote: ↑10 Mar 2021, 23:17 Kambosos is going to dethrone Teofimo and afterwards Teo is going to beg Top Rank not to release him from their contract.

What if Teo is really just an immature small lw who beat up on a few pretenders and a warworn natural 130 pound guy who is infact so limited that he himself lost to a 34 year old fighter with 12 losses on his record? If that's the case then Kambosos wins.

H8Usernames wrote: ↑11 Mar 2021, 20:47 What if Teo is really just an immature small lw who beat up on a few pretenders and a warworn natural 130 pound guy who is infact so limited that he himself lost to a 34 year old fighter with 12 losses on his record? If that's the case then Kambosos wins.

What if I sprout wings and fly?

They're looking at Teo's age and who he could fight down the road too.
6 large could be seen as a bargain in the big scheme of things.

my prediction is that lopez will soon crash and burn. he's had 16 fights and he already thinks he's canelo. canelo has had 50 odd fights and his face is less bashed up looking than lopez. when lopez has to start fighting guys his own size...haney,prograis, davis and taylor etc.....its not going to go well for him.

jimcook wrote: ↑12 Mar 2021, 03:40 my prediction is that lopez will soon crash and burn. he's had 16 fights and he already thinks he's canelo. canelo has had 50 odd fights and his face is less bashed up looking than lopez. when lopez has to start fighting guys his own size...haney,prograis, davis and taylor etc.....its not going to go well for him.

He's basically a B rate contender after his next fight. Top Rank aren't gonna roll out the carpet for him no more. He'll have no belt around his waist. A class promoters will be wary of this grateful fellow.