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Golden Boy and Hopkins File Suit Vs. Haymon, His Backers

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WEDNESDAY EARLY PM UPDATE: NY based boxing promoter Lou DiBella didn’t hold fire when I asked for comment regarding the lawsuit lodged by Oscar De La Hoya, along with Bernard Hopkins, against Al Haymon and cohorts.

“Eff that,” he said, using more dismissive and pointed language in indicating his distaste for the Golden Boy suit, and he then pointed out that he was instrumental in helping draft the Muhammad Ali act, which the suit alleges is being trampled upon. That document seeks to help keep managers from acting on behalf of promoters–as it was alleged, say, Carl King might have been inclined to do when repping a fighter, but also doing a deal with his father, the promoter Don King–in order to insure fighters are being represented in good faith, and receiving fair market value compensation for their services

DiBella took issue with the characterization that Haymon is in fact the promoter for Premier Boxing Champions cards, and said, “Why don’t you ask Brett Yormark (CEO of Barclays Center) who promoted the April 11 card which drew about 12,000 people to the arena?”  DiBella also noted that he has some familiarity with miuch of the material within the suit, having graduated from Harvard Law School. Not to mention, as for the contention that Golden Boy is being harmed by Haymon’s supposed attempt at monopolization, DiBella pointed out that Golden Boy seems to be competed on an even playing field, being that they are putting on a high-profile card Saturday, in Texas, which will screen on HBO.

Laywers inside the pugilistic arena are getting workouts of late.

A suit was filed on Tuesday, in federal court, in California, by Golden Boy Promotions. Lawyer Bert Fields heads up a suit on behalf of Golden Boy Promotions and also Bernard Hopkins, alleging that mogul Al Haymon wishes to monopolize pro boxing “and drive out all competition.”

Haymon, the suit states, has violated the Ali Boxing Reform Act and the Sherman Act, which deals with antitrust issues.

The suit calls Haymon “predatory” and “the Rasputin of boxing.”

I reached out to a Haymon Boxing rep to get their take on the suit, and was told that Haymon, notable for his reclusiveness in dealing with media, is choosing at this time not to comment on the matter.

His money backers, funding his Premier Boxing Champions series, which rolled out amid massive fanfare earlier this year, are also named in the suit.

The suit further states that Haymon functions as both a promoter and manager, basically, and that he has engaged in “illegal conduct” which is “designed to eliminate all competition.” It is stated that Haymon has a “total domination of the market for managing of Championship-Caliber Boxers,” and thus he holds too much power, to an extent the courts must weigh in and decide the matter.

A promoter shouldn’t and can’t act as a manager of a boxer, and Haymon might, I believe, counter that he does not act as a promoter, and thus, there is no conflict. Further, he may put forth that the Ali act was put in place to benefit boxers, keep them from being exploited, and he might counter that boxers he advises are in fact being paid handsomely, and are not being exploited.

Further, the suit states that Haymon’s money backers, namely a NY-firm named “Waddell,” at one point offered to purchase Golden Boy, but asked that head of Golden Boy De La Hoya sign a non-compete agreement. That deal going unconsummated, the suit says, meant Haymon next tried to “drive Golden Boy from the boxing business.”

Haymon possesses an unlawful edge, Fields contends, because he acts as both manager and promoter to a parcel of fighters.

More allegations…Haymon fighters must sign “coercive contracts,” part of a play in “turning the model upside down.” Also, Fields accuses Haymon of “scalping” tickets to unnamed shows Haymon Boxing has helped put together, or he has a hand in arranging, and posits that proper taxes are not paid on that revenue. More material; the suit states that Haymon also functions as a sanctioning body and intend to have their own champions.

Expect said lawyers to engage most aggressively in what is sizing up to be a 15 round clash.

Here is the release sent out by Golden Boy on Wednesday morning:

LOS ANGELES (May 6): Golden Boy Promotions today filed a $300 million lawsuit against Al Haymon and his related companies and Waddell & Reed Financial, Inc. and its related hedge funds, alleging their repeated violation of the antitrust laws and the Muhammad Ali Boxing Reform Act. The case was filed in Federal Court in Los Angeles.

Since the moment Al Haymon launched Premier Boxing Champions, he has repeatedly and brazenly broken the letter and spirit of the Muhammad Ali Boxing Reform Act that is meant to protect fighters from exploitation. As part of an anti-competitive conspiracy that includes financial backers from Waddell & Reed, Haymon has “entered into agreements to restrain trade in a substantial portion of the market for promotion of Championship-Caliber Boxers,” the bombshell new lawsuit claims.

“During my 25 years in boxing, I have watched far too many fighters be chewed up, spit out and left with nothing to sit idly by while Mr. Haymon flaunts a federal law meant to protect those who put everything on the line to entertain fans of our sport,” said Oscar De La Hoya, Founder and President of Golden Boy Promotions. “The Muhammad Ali Act was passed to help fighters avoid the fate that bedeviled so many of our predecessors; and I will do everything in my power to ensure this crucial piece of legislation is upheld and followed.”

The lawsuit alleges numerous violations of the Ali Act and antitrust statutes by Haymon, among the most glaring of which is that he routinely serves as both manager of his fighters and promoter of their fights, even though such a dual role is explicitly prohibited by the Ali Act in order to “protect boxers, the boxing industry, and the public from abusive, exploitive, and anticompetitive behavior.”

According to the lawsuit: “By ignoring the ‘firewall’ established by the Ali Act, the Haymon Defendants are essentially sitting on both sides of the bargaining table. While purporting to act in their clients’ best interests, the Haymon Defendants have obtained direct and indirect financial interests in promoting their boxers – thereby creating the very conflict of interest the Ali Act sought to remedy.”

Haymon calls himself a “manager” or an “advisor,” yet Haymon and his myriad of companies are well known to arrange and contract for the bouts, the arenas, the sponsors and the television time – all duties of a boxing promoter. Even Haymon-managed fighters themselves repeatedly refer to Haymon as their “promoter,” though he is well-known to manage more than 100 fighters.

Haymon is, not only pushing out other legitimate promoters in favor of ineffective puppets that he controls, but locking out top fighters who dare to not join his stable of boxers.

“At the age of 50 and after spending most of my adult life in boxing, I thought I’d seen every trick in the book aimed at undermining those who actually step into the ring,” said former middleweight and light heavyweight world champion Bernard Hopkins. “Having personally been refused a lucrative fight with a Haymon-managed fighter, I have felt first-hand the impact of Haymon’s attempt to form a monopoly. These practices are detrimental to boxers, fans and the sport as a whole,” added Hopkins, a co-owner of Golden Boy Promotions.

The complaint alleges that Waddell & Reed and related companies aided and abetted Haymon in his commission of the claimed violations of law.

The Golden Boy Suit comes days after the Association of Boxing Commissions called on newly confirmed U.S. Attorney General Loretta Lynch to investigate Haymon for many of the same infractions spelled out in today’s lawsuit.

As part of the lawsuit, Golden Boy is seeking damages of $300 million.

A copy of the lawsuit is available upon request.

Details of the Muhammad Ali Boxing Reform Act can be found at: https://www.govtrack.us/congress/bills/106/hr1832

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Avila Perspective, Chap. 278: Clashes of Spring in Phoenix, Las Vegas, and LA

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PHOENIX-It happens every Spring.

Promoters worldwide gather their forces and produce their best fight cards from Europe to the Americas and in Asia.

Beginning Friday, it starts with Top Rank staging a heavy-duty fight card featuring Arizona’s Oscar Valdez and Australia’s Liam Wilson along with a female battle for the undisputed minimumweight championship. ESPN+ will stream the card.

Valdez (31-2, 23 KOs) meets Wilson (13-2, 7 KOs) at the Desert Diamond Arena in Glendale, Arizona on Friday, March 29. Both have a common foe and lost to champion Emanuel Navarrete. Both want a rematch or world title fight.

“I know Liam Wilson. He’s a tough fighter,” said Valdez. I was there when he fought Emanuel Navarrete and he sent him to the canvas.”

Wilson almost defeated the champion and now must face two-division world titlist Valdez in his Arizona backyard.

“The whole world saw what happened. I should have already become world champion,” said Wilson of his fight with Navarrete. “I won the belt that night.”

It’s not to be missed.

In the co-main WBA and WBC titlist Seniesa Estrada (25-0, 9 KOs) and WBO and IBF titlist Yokasta Valle (30-2, 9 KOs) battle for the undisputed minimumweight world championship.

Costa Rica’s Valle has super speed and the ability to change tactics if things don’t go her way as she showed against Argentina’s Evelin Bermudez. She is also one of the most athletically gifted fighters in female boxing with incredible stamina.

“This isn’t personal. I respect her as the champion that she is,” Valle said. “And in the ring, we will see who is the real champion.”

East L.A’s Estrada is perhaps one of the most skilled fighters in the world. She also packs power in her small frame. So far, no one has been able to figure out her fighting style or overcome her quickness. The left hook is her best weapon but she has floored opponents with her right cross as well.

“The talk is over. Its time for us to get in there,” said Estrada. “It’s about showing the world that women’s boxing is here, it’s on the rise, and we are great.”

Las Vegas

Aussie slugger Tim Tszyu (24-0, 17 KOs) can add the WBC to his WBO super welterweight title but must pass through giant Sebastian Fundora (20-1-1, 13 KOs) to accomplish unification. Tszyu was supposed to fight Keith Thurman but injury forced him out of Saturday’s TGB Promotions fight card at T-Mobile Arena in Las Vegas.

Last-minute replacements can be a problem.

Fundora is already a problem with his six-inch height advantage. Plus, he’s a southpaw with pop. It’s like pouring sugar into a gas tank for Tszyu.

But he’s a very confident fellow.

“He’s got height but we all bleed the same blood,” Tszyu said at the press conference.

Another world title fight pits WBA super lightweight titlist Rolly Romero (15-1) versus Isaac Cruz (25-2-1) in the semi-main event.

A third world title matches WBA middleweight titlist Erislandy Lara (29-3-3) against Michael Zerafa (31-4).

A fourth world title fight consists of WBC flyweight titlist Julio Cesar Martinez (20-3) fighting Angelino Cordova (18-0-1).

In an eliminator for the WBC super welterweight belt, Serhii Bohachuk (23-1) is now matched against Brian Mendoza (22-3) who replaces Fundora.

It’s a solid fight card that will be shown on PPV.COM with Jim Lampley broadcasting and assisted by Lance Pugmire. They will also be texting the results and interacting with fans. It’s their third boxing show.

Inglewood

Former super middleweight world titlist Gilberto “Zurdo” Ramirez (45-1) is moving up two weight divisions to challenge WBA cruiserweight champion Arsen Goulamirian (27-0, 19 Kos) on Saturday March 30, at the YouTube Theater in Inglewood, Calif. DAZN will stream the Golden Boy Promotions card.

Goulamirian will be making the fifth defense of his title and recently added famed trainer Abel Sanchez to his corner. The former trainer of Gennady Golovkin and Serhii Bohachuk had retired for a few years but returned for the champ.

It’s an interesting match.

Even more interesting was the announcement that Hollywood Park and Golden Boy Promotions signed an agreement beginning this Saturday to work together in bringing boxing events.

“We were the first to host an inaugural combat sports event at YouTube Theater in January 2023, and we couldn’t be more pleased to make history again by being the first to solidify a partnership deal of this magnitude with Hollywood Park,” said Oscar De La Hoya the CEO for Golden Boy Promotions.

It’s an interesting partnership.

One thing the promotion company needs is to add more female fighters to their company to break up the monotony of slow fight cards. It makes sense to add women to the boxing cards. They fight harder and I’ve never seen women fights fail to excite the crowd, whereas I’ve seen plenty of boring men fights on many a promotion.

Bring in female fighters.

When Zurdo fought at the Banc of California two years he brought very few fans compared to the two female fights that same night. The women draw a different crowd and surprise most fans with their energy.

Fights to Watch (all times Pacific Time)

Fri. ESPN+ 3:10 p.m. Oscar Valdez (31-2) vs Liam Wilson (13-2); Seniesa Estrada (25-0) vs Yokasta Valle (30-2).

Sat. DAZN 5 p.m. Gilberto Ramirez (45-1) vs Arsen Goulamirian (27-0).

Sat. PPV.COM 5 p.m. Tim Tszyu (24-0) vs Sebastian Fundora (20-1-1); Rolly Romero (15-1) vs Isaac Cruz (25-2-1); Erislandy Lara (29-3-3) vs Michael Zerafa (31-4); Serhii Bohachuk (23-1) vs Brian Mendoza (22-3).

Photo credit: Mikey Williams / Top Rank via Getty Images

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Results from Detroit where Carrillo, Ergashev and Shishkin Scored KOs

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Results from Detroit where Carrillo, Ergashev and Shishkin Scored KOs

Dmitriy Salita, who began promoting small club fights In Brooklyn at the former U.S. Navy airfield where he had his final pro fight, has found a welcome home in Detroit where he is working hard to resurrect the Motor City as an important fight destination. Although his shows are still low-budget (save for the money he spends on marketing; he uses heavyweight PR firm Swanson Communications), his new arrangement with DAZN can only move him another step up the pecking order.

Tonight, two of the most valuable pieces in his stable – junior lightweight Shohjahon Ergashev and super middleweight Vladimir Shishkin — were in action on Salita’s second show at Detroit’s Watne State University Fieldhouse. However, Salita reserved the main event for one of his newest signees, Juan Carrillo, a light heavyweight who represented Colombia in the 2016 Rio Olympics.

In a battle of southpaws, Carrillo (12-0, 9 KOs) had no difficulty putting away Quinton Randall (21-9-2), a 37-year-old North Carolinian who had scored only five of his 21 wins against opponents with winning records. In the third frame, a big left uppercut put Randall on the canvas. He managed to get to his feet at the count of nine, but was on queer street and the fight was waived off. The official time was 0.27 of round three.

Ergashev

Shohjahon Ergashev, a southpaw from Uzbekistan who purportedly has 2.7 million Instagram followers in his home country, was making his first start since a failed bid to win the IBF 140-pound world title. Ergashev was stopped in the fifth round by Subriel Matias, his first defeat as a pro after opening his career 23-0 with 20 KOs.

Tonight, he got back on the winning track without breaking a sweat. A left hook to the body ended the fight in the opening round. His victim, Juan Antonio Huertas, a 31-year-old Panamanian, entered the fight with a 17-4 record, but was 0-2 on American soil and had been stopped both times.

Shishkin

A 32-year-old Russian who trains at the new Kronk Gym where SugarHill Steward holds forth when he is in town, Vladimir Shishkin entered the contest undefeated (15-0, 9 KOs) and ranked #2 by the IBF. How odd that his fight opened the telecast. Perhaps promoter Salita thought that the fight would be too one-sided and wanted to get it out of the way in a hurry. His opponent Mike Guy, 12-7-1 (5) heading in, had been in with some rough customers but was 43 years old, was inactive in all of 2022 and 2023, and had fought most of his career as a super middleweight.

The fight was one-sided in favor of Shishkin and rather dull until the Russian cracked up the juice in round seven and forced the stoppage.

In the future, we would encourage Dmitriy Salita to take some of that money he has been spending on marketing to find a higher caliber of “B-Side” opponents. The best thing about this show was that it was over in a hurry.

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R.I.P. IBF founder Bob Lee who was Banished from Boxing by the FBI

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“The image some people have of me is disappointing,” said Bob Lee in a 2006 interview, “but I also feel I had a positive impact on the sport…”

Lee, the founder of the International Boxing Federation who died yesterday (Sunday, March 24) at age 91, spoke those words to Philadelphia Daily News boxing writer Bernard Fernandez who was the first person to interview him when he emerged from a federal prison in 2006. Lee served 22 months on charges that included racketeering, money laundering, and tax evasion.

Born and raised in northern New Jersey and a lifelong resident of the Garden State, Lee, a former police detective, founded the International Boxing Federation (henceforth IBF) in 1983 after a failed bid to win the presidency of the World Boxing Association. At the time, there were only two relevant sanctioning bodies, the WBA, then headquartered in Venezuela, and the WBC, headquartered in Mexico. Both organizations were charged with favoring boxers from Spanish-speaking countries in their ratings at the expense of boxers from the United States.

Bob Lee’s brainchild, whose stated mission was to rectify that injustice, achieved instant credibility when Marvin Hagler and Larry Holmes turned their back on the established organizations. Hagler’s 1983 bout with Wilford Scypion and Holmes’ 1984 match with Bonecrusher Smith were world title fights sanctioned exclusively by the IBF, the last of the three extant organizations to do away with 15-round title fights.

Lee’s world was rocked in November of 1999 when a federal grand jury handed down an indictment that accused him and three IBF officials, including his son Robert W. “Robby” Lee Jr., of taking bribes from promoters and managers in return for higher rankings. The FBI, after a two-year investigation, concluded that $338,000 was paid over a 13-year period by individuals representing 23 boxers.

The government’s key witness was C. Douglas Beavers, the longtime chairman of the IBF ratings committee who wore a wire as a government informant in return for immunity and provided video-tape evidence of a $5000 payout in a seedy Virginia motel room. Promoters Bob Arum and Cedric Kushner both testified that they gave the IBF $100,000 to get the organization’s seal of approval for a match between heavyweight champion George Foreman and Axel Schulz (Arum asserted that he paid the money through a middleman, Stan Hoffman). In return, the IBF gave Schulz a “special exemption” to its rules, allowing the German to bypass Michael Moorer who had a rematch clause that would never be honored. (In a sworn deposition, Big George testified that he had no knowledge of any kickback).

After a long-drawn-out trial that consumed four months including 15 days of jury deliberations, Bob Lee was acquitted on all but six of 32 counts. His son, charged with nine counts, was acquitted on all nine. The jury simply did not trust the veracity of many that testified for the prosecution. (No surprise there; after all, they were boxing people.) But neither did the jury buy into the argument that whatever money Lee received was in the form of gifts and gratuities, a common business practice.

The IBF was run by a court-appointed overseer from January of 2000 until the fall of 2003. Under its current head, Daryl Peoples, who came up from the ranks, assuming the presidency in 2010, the IBF has stayed out of the crosshairs of federal prosecutors.

As part of his sentence, Bob Lee was prohibited from having any further dealings with boxing and that would have included buying a ticket to sit in the cheap seats at a boxing card. This was adding insult to injury as Lee’s passion for boxing ran deep. As a boy working as a caddy at a New Jersey golf course, he had met Joe Louis and Sugar Ray Robinson, two of the proudest moments of his life.

As for his contributions to the sport, Lee had this to say in his post-prison talk with Bernard Fernandez: “We instituted the 168-pound [super middleweight] weight class. We took measures to reduce the incidence of eye injuries in boxing. We changed the weigh-in from the day of the fight to the day before, which prevented fighters from entering the ring so dehydrated that they were putting themselves at risk. All these things, and more, were tremendously beneficial to boxing. I’m very proud of all that we accomplished.”

Bob Lee was a tough old bird. Diagnosed with Type 2 diabetes in 1986, he was insulin-dependent for much of his adult life and yet he lived into his nineties. Although his coloration as a shakedown artist is a stain that will never go away, many people will tell you that, on balance, he was a good man whose lapses ought not define him.

That’s not for us to judge. We send our condolences to his loved ones. May he rest in peace.

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