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

Published

10 years ago

May 6, 2015

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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Michael Woods

Bombs Away in Las Vegas where Inoue and Espinoza Scored Smashing Triumphs

Published

1 day ago

May 4, 2025

David A. Avila

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Japan’s Naoya “Monster” Inoue banged it out with Mexico’s Ramon Cardenas, survived an early knockdown and pounded out a stoppage win to retain the undisputed super bantamweight world championship on Sunday.

Japan and Mexico delivered for boxing fans again after American stars failed in back-to-back days.

“By watching tonight’s fight, everyone is well aware that I like to brawl,” Inoue said.

Inoue (30-0, 27 KOs), and Cardenas (26-2, 14 KOs) and his wicked left hook, showed the world and 8,474 fans at T-Mobile Arena in Las Vegas that prizefighting is about punching, not running.

After massive exposure for three days of fights that began in New York City, then moved to Riyadh, Saudi Arabia and then to Nevada, it was the casino capital of the world that delivered what most boxing fans appreciate- pure unadulterated action fights.

Monster Inoue immediately went to work as soon as the opening bell rang with a consistent attack on Cardenas, who very few people knew anything about.

One thing promised by Cardenas’ trainer Joel Diaz was that his fighter “can crack.”

Cardenas proved his trainer’s words truthful when he caught Inoue after a short violent exchange with a short left hook and down went the Japanese champion on his back. The crowd was shocked to its toes.

“I was very surprised,” said Inoue about getting dropped. ““In the first round, I felt I had good distance. It got loose in the second round. From then on, I made sure to not take that punch again.”

Inoue had no trouble getting up, but he did have trouble avoiding some of Cardenas massive blows delivered with evil intentions. Though Inoue did not go down again, a look of total astonishment blanketed his face.

A real fight was happening.

Cardenas, who resembles actor Andy Garcia, was never overly aggressive but kept that left hook of his cocked and ready to launch whenever he saw the moment. There were many moments against the hyper-aggressive Inoue.

Both fighters pack power and both looked to find the right moment. But after Inoue was knocked down by the left hook counter, he discovered a way to eliminate that weapon from Cardenas. Still, the Texas-based fighter had a strong right too.

In the sixth round Inoue opened up with one of his lightning combinations responsible for 10 consecutive knockout wins. Cardenas backed against the ropes and Inoue blasted away with blow after blow. Then suddenly, Cardenas turned Inoue around and had him on the ropes as the Mexican fighter unloaded nasty combinations to the body and head. Fans roared their approval.

“I dreamed about fighting in front of thousands of people in Las Vegas,” said Cardenas. “So, I came to give everything.”

Inoue looked a little surprised and had a slight Mona Lisa grin across his face. In the seventh round, the Japanese four-division world champion seemed ready to attack again full force and launched into the round guns blazing. Cardenas tried to catch Inoue again with counter left hooks but Inoue’s combos rained like deadly hail. Four consecutive rights by Inoue blasted Cardenas almost through the ropes. The referee Tom Taylor ruled it a knockdown. Cardenas beat the count and survived the round.

In the eighth round Inoue looked eager to attack and at the bell launched across the ring and unloaded more blows on Cardenas. A barrage of 14 unanswered blows forced the referee to stop the fight at 45 seconds of round eight for a technical knockout win.

“I knew he was tough,” said Inoue. “Boxing is not that easy.”

Espinoza Wins

WBO featherweight titlist Rafael Espinosa (27-0, 23 KOs) uppercut his way to a knockout win over Edward Vazquez (17-3, 4 KOs) in the seventh round.

“I wanted to fight a game fighter to show what I am capable,” said Espinoza.

Espinosa used the leverage of his six-foot, one-inch height to slice uppercuts under the guard of Vazquez. And when the tall Mexican from Guadalajara targeted the body, it was then that the Texas fighter began to wilt. But he never surrendered.

Though he connected against Espinoza in every round, he was not able to slow down the taller fighter and that allowed the Mexican fighter to unleash a 10-punch barrage including four consecutive uppercuts. The referee stopped the fight at 1:47 of the seventh round.

It was Espinoza’s third title defense.

Photo credit: Mikey Williams / Top Rank

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Undercard Results and Recaps from the Inoue-Cardenas Show in Las Vegas

Published

2 days ago

May 4, 2025

Arne K. Lang

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The curtain was drawn on a busy boxing weekend tonight at the T-Mobile Arena in Las Vegas where the featured attraction was Japanese superstar Naoya Inoue appearing in his twenty-fifth world title fight.

The top two fights (Inoue vs. Roman Cardenas for the unified 122-pound crown and Rafael Espinoza vs. Edward Vazquez for the WBO world featherweight diadem) aired on the main ESPN platform with the preliminaries streaming on ESPN+.

The finale of the preliminaries was a 10-rounder between welterweights Rohan Polanco and Fabian Maidana. A 2020/21 Olympian for the Dominican Republic, Polanco was a solid favorite and showed why by pitching a shutout, punctuating his triumph by knocking Maidana to his knees late in the final round with a hard punch to the pit of the stomach.

Polanco improved to 16-0 (10). Argentina’s Maidana, the younger brother of former world title-holder Marcos Maidana, fell to 24-4 while maintaining his distinction of never being stopped.

Emiliano Vargas, a rising force in the 140-pound division with the potential to become a crossover star, advanced to 14-0 (12 KOs) with a second-round stoppage Juan Leon. Vargas, who turned 21 last month, is the son of former U.S. Olympian Fernando Vargas who had big money fights with the likes of Felix Trinidad and Oscar De La Hoya. Emiliano knocked Leon down hard twice in round two – both the result of right-left combinations — before Robert Hoyle waived it off.

A 28-year-old Spaniard, Leon was 11-2-1 heading in.

In his U.S. debut, 29-year-old Japanese southpaw Mikito Nakano (13-0, 12 KOs) turned in an Inoue-like performance with a fourth-round stoppage of Puerto Rico’s Pedro Medina. Nakano, a featherweight, had Medina on the canvas five times before referee Harvey Dock waived it off at the 1:58 mark of round four. The shell-shocked Medina (16-2) came into the contest riding a 15-fight winning streak.

Lynwood, California junior middleweight Art Barrera Jr, a 19-year-old protégé of Robert Garcia, scored a sixth-round stoppage of Chicago’s Juan Carlos Guerra. There were no knockdowns, but the bout had turned sharply in Barrera’s favor when referee Thomas Taylor intervened. The official time was 1:15 of round six.

Barrera improved to 9-0 (7 KOs). The spunky but outclassed Guerra, who upset Nico Ali Walsh in his previous outing, declined to 6-2-1.

In the lid-lifter, a 10-round featherweight affair, Muskegon Michigan’s Ra’eese Aleem improved to 22-1 (12) with a unanimous decision over LA’s hard-trying Rudy Garcia (13-2-1). The judges had it 99-01, 98-92, and 97-93.

Aleem, 34, was making his second start since June of 2023 when he lost a split decision in Australia to Sam Goodman with a date with Naoya Inoue hanging in the balance.

Check back shortly for David Avila’s recaps of the two world title fights.

Photo credit: Mikey Williams / Top Rank

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Canelo Alvarez Upends Dancing Machine William Scull in Saudi Arabia

Published

2 days ago

May 3, 2025

Arne K. Lang

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Saul “Canelo” Alvarez, who has acquired a new nickname – “The Face of Boxing” – is accustomed to fighting on Cinco De Mayo weekend, but this year was different. For the first time, Canelo was fighting outside the continent of North America and entering the ring at an awkward hour. His match with William Scull started at 6:30 on a Sunday morning in Riyadh.

In the opposite corner was 32-year-old William Scull, an undefeated (23-0) Cuban by way of Germany, whose performance was better suited to “Dancing With the Stars” than to a world title fight. Constantly bouncing from side to side but rarely letting his hands go, Scull frustrated Canelo who found it near-impossible to corner him, but one can’t win a fight solely on defense and the Mexican superstar was returned the rightful winner in a bout that was a fitting cap to a desultory two days of Saudi-promoted prizefighting. The scores were 115-113, 116-112, and 119-109. In winning, Canelo became a fully unified super middleweight champion twice over.

Terence Crawford was in attendance and HE Turki Alalshikh made it official: Crawford (41-0, 31 KOs) and Canelo (63-2-2, 39 KOs) will meet in the Fight of the Century (Alalshikh’s words) on Sept. 12 in Las Vegas at the home of the city’s NFL team, the Raiders. For whatever it’s worth, each of Canelo’s last seven fights has gone the full 12 rounds.

Semi-wind-up

In a match between the WBC world cruiserweight title-holder and the WBC world cruiserweight “champion in recess” (don’t ask), the former, Badou Jack, brought some clarity to the diadem by winning a narrow decision over Noel Mikaelian. One of the judges had it a draw (114-114), but the others gave the fight to “Jack the Ripper” by 115-113 scores.

A devout Muslim who is now a full-time resident of Saudi Arabia, the Sweden-born Jack, a three-division title-holder, had the crowd in his corner. Now 41 years old, he advanced his record to 29-3-3 (17). It was the first pro loss for Mikaelian (27-1), a Florida-based Armenian who was subbing for Ryan Rozicki.

The distracted CompuBox operator credited Mikaelian with throwing 300 more punches but there was no controversy.

Tijuana’s Jaime Munguia, a former junior middleweight title-holder, avenged his shocking loss to Bruno Sarace with a unanimous 12-round decision in their rematch. This was Munguia’s first fight with Eddy Reynoso in his corner. The scores were 117-111 and 116-112 twice.

Surace’s one-punch knockout of Munguia in mid-December in Tijuana was the runaway pick for the 2024 Upset of the Year. Heading in, Munguia was 44-1 with his lone defeat coming at the hands of Canelo Alvarez. Munguia had won every round against Surace before the roof fell in on him.

Surace won a few rounds tonight, but Munguia was the busier fighter and landed the cleaner shots. It was the first pro loss for Surace (26-1-2) and ended his 23-fight winning streak. The Frenchman hails for Marseilles.

Heavyweights

In a 10-round heavyweight match fought at a glacial pace, Martin Bakole (21-2-1) and Efe Ajagba (20-1-1) fought to a draw. One of the judges favored Ajagba 96-94 but he was outvoted by his cohorts who each had it 95-95.

Bakole, a 7/2 favorite, came in at 299 pounds, 15 more than he carried in his signature win over Jared Anderson, and looked sluggish. He was never able to effectively close off the ring against the elusive Ajagba who fought off his back foot and failed to build on his early lead.

The fight between the Scotch-Congolese campaigner Bakole and his Nigerian-American foe was informally contested for the heavyweight championship of Africa. That “title” remains vacant.

In a 6-rounder, heavy-handed Cuban light heavyweight Brayon Leon, a stablemate of Canelo Alvarez, was extended the distance for the first time while advancing his record to 7-0 at the expense of Mexico’s Aaron Roche (11-4-1). Leon knocked Roche to the canvas in the fourth round with a right-left combination, but the Mexican stayed the course while eating a lot of hard punches.

Photo credit: Leigh Dawney / Queensberry Promotions

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