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

Follow @Woodsy1069

Post Views: 0

Share The Sweet Science experience!

Michael Woods

Jorge Garcia is the TSS Fighter of the Month for April

Published

1 day ago

April 28, 2025

Arne K. Lang

Jorge-Garcia-is-the-TSS-Fighter-of-the-Month-for-April

Jorge Garcia has a lot in common with Mexican countrymen Emanuel Navarrete and Rafael Espinoza. In common with those two, both reigning world title-holders, Garcia is big for his weight class and bubbled out of obscurity with a triumph forged as a heavy underdog in a match contested on American soil.

Garcia had his “coming of age party” on April 19 in the first boxing event at the new Frontwave Arena in Oceanside, California (roughly 35 miles north of San Diego), a 7,500-seat facility whose primary tenant is an indoor soccer team. It was a Golden Boy Promotions event and in the opposite corner was a Golden Boy fighter, Charles Conwell.

A former U.S. Olympian, Conwell was undefeated (21-0, 16 KOs) and had won three straight inside the distance since hooking up with Golden Boy whose PR department ballyhooed him as the most avoided fighter in the super welterweight division. At prominent betting sites, Conwell was as high as a 12/1 favorite.

The lanky Garcia was 32-4 (26 KOs) heading in, but it was easy to underestimate him as he had fought extensively in Tijuana where the boxing commission is notoriously docile and in his home state of Sinaloa. This would be only his second fight in the U.S. However, it was noteworthy in hindsight that three of his four losses were by split decision.

Garcia vs. Conwell was a robust affair. He and Conwell were credited with throwing 1451 punches combined. In terms of punches landed, there was little to choose between them but the CompuBox operator saw Garcia landing more power punches in eight of the 12 rounds. At the end, the verdict was split but there was no controversy.

An interested observer was Sebastian Fundora who was there to see his sister Gabriela defend her world flyweight titles. Sebastian owns two pieces of the 154-pound world title where the #1 contender per the WBO is Xander Zayas who keeps winning, but not with the verve of his earlier triumphs.

With his upset of Charles Conwell, Jorge Garcia has been bumped into the WBO’s #2 slot. Regardless of who he fights next, Garcia will earn the biggest payday of his career.

Honorable mention: Aaron McKenna

McKenna was favored to beat veteran campaigner Liam Smith in the co-feature to the Eubank-Benn battle this past Saturday in London, but he was stepping up in class against a former world title-holder who had competed against some of the top dogs in the middleweight division and who had famously stopped Chris Eubank Jr in the first of their two encounters. Moreover, the venue, Tottenham Hotspur, the third-largest soccer stadium in England, favored the 36-year-old Liverpudlian who was accustomed to a big fight atmosphere having fought Canelo Alvarez before 50,000-plus at Arlington Stadium in Texas.

McKenna, from the small town of Monaghan, Ireland, wasn’t overwhelmed by the occasion. With his dad Feargal in his corner and his fighting brother Stephen McKenna cheering him on from ringside, Aaron won a wide decision in his first 12-round fight, punctuating his victory by knocking Smith to his knees with a body punch in the 12^th round. In fact, if he hadn’t had a point deducted for using his elbow, the Irishman would have pitched a shutout on one of the scorecards.

“There might not be a more impressive example of a fighter moving up in class,” wrote Tris Dixon of the 25-year-old “Silencer” who improved his ledger to 20-0 (10).

Photo credits: Garcia/Conwell photo compliments of Cris Esqueda/Golden Boy; McKenna-Smith provided by Mark Robinson/Matchroom

To comment on this story in the Fight Forum CLICK HERE

Post Views: 0

Share The Sweet Science experience!

Chris Eubank Jr Outlasts Conor Benn at Tottenham Hotspur Stadium

Published

3 days ago

April 27, 2025

David A. Avila

Chris-Eubank-Jr-Outlasts-Conor-Benn-at-Tottenham-Hotsour-Stadium

Feudal bragging rights belong to Chris Eubank Jr. who out-lasted Conor Benn to
emerge victorious by unanimous decision in a non-title middleweight match held in
London on Saturday.

Fighting for their family heritage Eubank (35-3, 26 KOs) and Benn (23-1, 14 KOs)
continued the battle between families started 35 years ago by their fathers at Tottenham
Hotspur Stadium.

More than 65,000 fans attended.

Though Eubank Jr. had a weight and height advantage and a record of smashing his
way to victory via knockout, he had problems hurting the quicker and more agile Benn.
And though Benn had the advantage of moving up two weight divisions and forcing
Eubank to fight under a catch weight, the move did not weaken him much.

Instead, British fans and boxing fans across the world saw the two family rivals pummel
each other for all 12 rounds. Neither was able to gain separation.

Eubank looked physically bigger and used a ramming left jab to connect early in the
fight. Benn immediately showed off his speed advantage and surprised many with his
ability to absorb a big blow.Chris Eubank Jr Outlasts Conor Benn at Tottenham Hotspur Stadium

Benn scrambled around with his quickness and agility and scored often with bigcounters.

It took him a few rounds to stop overextending himself while delivering power shots.

In the third round Benn staggered Eubank with a left hook but was unable to follow up
against the dangerous middleweight who roared back with flurries of blows.

Eubank was methodic in his approach always moving forward, always using his weight
advantage via the shoulder to force Benn backward. The smaller Benn rocketed
overhand rights and was partly successful but not enough to force Eubank to retreat.
In the seventh round a right uppercut snapped Benn’s head violently but he was
undeterred from firing back. Benn’s chin stood firm despite Eubank’s vaunted power and
size advantage.

“I didn’t know he had that in him,” Eubank said.

Benn opened strong in the eighth round with furious blows. And though he connected
he was unable to seriously hurt Eubank. And despite being drained by the weight loss,
the middleweight fighter remained strong all 12 rounds.

There were surprises from both fighters.

Benn was effective targeting the body. Perhaps if he had worked the body earlier he
would have found a better result.

With only two rounds remaining Eubank snapped off a right uppercut again and followed
up with body shots. In the final stanza Eubank pressed forward and exchanged with the
smaller Benn until the final bell. He simply out-landed the fighter and impressed all three
judges who scored it 116-112 for Eubank.

Eubank admitted he expected a knockout win but was satisfied with the victory.
“I under-estimated him,” Eubank said.

Benn was upset by the loss but recognized the reasons.

“He worked harder toward the end,” said Benn.

McKenna Wins

In his first test in the elite level Aaron McKenna (20-0, 10 KOs) showed his ability to fight
inside or out in soundly defeating former world champion Liam Smith (33-5-1, 20 KOs)
by unanimous decision to win a regional WBA middleweight title.

Smith has made a career out of upsetting young upstarts but discovered the Irish fighter
more than capable of mixing it up with the veteran. It was a rough fight throughout the
12 rounds but McKenna showed off his abilities to fight as a southpaw or right-hander
with nary a hiccup.

McKenna had trained in Southern California early in his career and since that time he’s
accrued a variety of ways to fight. He was smooth and relentless in using his longer
arms and agility against Smith on the outside or in close.

In the 12 th round, McKenna landed a perfectly timed left hook to the ribs and down went
Smith. The former champion got up and attempted to knock out the tall
Irish fighter but could not.

All three judges scored in favor of McKenna 119-108, 117-109, 118-108.

Other Bouts
Anthony Yarde (27-3) defeated Lyndon Arthur (24-3) by unanimous decision after 12 rounds. in a light heavyweight match. It was the third time they met. Yarde won the last two fights.

Chris Billam-Smith (21-2) defeated Brandon Glanton (20-3) by decision. It was his first
fight since losing the WBO cruiserweight world title to Gilberto Ramirez last November.

Viddal Riley (13-0) out-worked Cheavon Clarke (10-2) in a 12-round back-and-forth-contest to win a unanimous decision.

To comment on this story in the Fight Forum CLICK HERE

Post Views: 0

Share The Sweet Science experience!

Avila Perspective, Chap. 323: Benn vs Eubank Family Feud and More

Published

5 days ago

April 24, 2025

David A. Avila

Avila-Perspective,-Chap.-323:-Benn-vs-Eubank-Family-Feud-and-More.jpg

Next generation rivals Conor Benn and Chris Eubank Jr. carry on the family legacy of feudal warring in the prize ring on Saturday.

This is huge in British boxing.

Eubank (34-3, 25 KOs) holds the fringe IBO middleweight title but won’t be defending it against the smaller welterweight Benn (23-0, 14 KOs) on Saturday, April 26, at Tottenham Hotspur Stadium in London. DAZN will stream the Matchroom Boxing card.

This is about family pride.

The parents of Eubank and Benn actually began the feud in the 1990s.

Papa Nigel Benn fought Papa Chris Eubank twice. Losing as a middleweight in November 1990 at Birmingham, England, then fighting to a draw as a super middleweight in October 1993 in Manchester. Both were world title fights.

Eubank was undefeated and won the WBO middleweight world title in 1990 against Nigel Benn by knockout. He defended it three times before moving up and winning the vacant WBO super middleweight title in September 1991. He defended the super middleweight title 14 times before suffering his first pro defeat in March 1995 against Steve Collins.

Benn won the WBO middleweight title in April 1990 against Doug DeWitt and defended it once before losing to Eubank in November 1990. He moved up in weight and took the WBC super middleweight title from Mauro Galvano in Italy by technical knockout in October 1992. He defended the title nine times until losing in March 1996. His last fight was in November 1996, a loss to Steve Collins.

Animosity between the two families continues this weekend in the boxing ring.

Conor Benn, the son of Nigel, has fought mostly as a welterweight but lately has participated in the super welterweight division. He is several inches shorter in height than Eubank but has power and speed. Kind of a British version of Gervonta “Tank” Davis.

“It’s always personal, every opponent I fight is personal. People want to say it’s strictly business, but it’s never business. If someone is trying to put their hands on me, trying to render me unconscious, it’s never business,” said Benn.

This fight was scheduled twice before and cut short twice due to failed PED tests by Benn. The weight limit agreed upon is 160 pounds.

Eubank, a natural middleweight, has exchanged taunts with Benn for years. He recently avenged a loss to Liam Smith with a knockout victory in September 2023.

“This fight isn’t about size or weight. It’s about skill. It’s about dedication. It’s about expertise and all those areas in which I excel in,” said Eubank. “I have many, many more years of experience over Conor Benn, and that will be the deciding factor of the night.”

Because this fight was postponed twice, the animosity between the two feuding fighters has increased the attention of their fans. Both fighters are anxious to flatten each other.

“He’s another opponent in my way trying to crush my dreams. trying to take food off my plate and trying to render me unconscious. That’s how I look at him,” said Benn.

Eubank smiles.

“Whether it’s boxing, whether it’s a gun fight. Defense, offense, foot movement, speed, power. I am the superior boxer in each of those departments and so many more – which is why I’m so confident,” he said.

Supporting Bout

Former world champion Liam Smith (33-4-1, 20 KOs) tangles with Ireland’s Aaron McKenna (19-0, 10 KOs) in a middleweight fight set for 12 rounds on the Benn-Eubank undercard in London.

“Beefy” Smith has long been known as one of the fighting Smith brothers and recently lost to Eubank a year and a half ago. It was only the second time in 38 bouts he had been stopped. Saul “Canelo” Alvarez did it several years ago.

McKenna is a familiar name in Southern California. The Irish fighter fought numerous times on Golden Boy Promotion cards between 2017 and 2019 before returning to the United Kingdom and his assault on continuing the middleweight division. This is a big step for the tall Irish fighter.

It’s youth versus experience.

“I’ve been calling for big fights like this for the last two or three years, and it’s a fight I’m really excited for. I plan to make the most of it and make a statement win on Saturday night,” said McKenna, one of two fighting brothers.

Monster in L.A.

Japan’s super star Naoya “Monster” Inoue arrived in Los Angeles for last day workouts before his Las Vegas showdown against Ramon Cardenas on Sunday May 4, at T-Mobile Arena. ESPN will televise and stream the Top Rank card.

It’s been four years since the super bantamweight world champion performed in the US and during that time Naoya (29-0, 26 KOs) gathered world titles in different weight divisions. The Japanese slugger has also gained fame as perhaps the best fighter on the planet. Cardenas is 26-1 with 14 KOs.

Pomona Fights

Super featherweights Mathias Radcliffe (9-0-1) and Ezequiel Flores (6-4) lead a boxing card called “DMG Night of Champions” on Saturday April 26, at the historic Fox Theater in downtown Pomona, Calif.

Michaela Bracamontes (11-2-1) and Jesus Torres Beltran (8-4-1) will be fighting for a regional WBC super featherweight title. More than eight bouts are scheduled.

Doors open at 6 p.m. For ticket information go to: www.tix.com/dmgnightofchampions

Fights to Watch

Sat. DAZN 9 a.m. Conor Benn (23-0) vs Chris Eubank Jr. (34-3); Liam Smith (33-4-1) vs Aaron McKenna (19-0).

To comment on this story in the Fight Forum CLICK HERE

Post Views: 0

Share The Sweet Science experience!