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Arum, Top Rank Aim Overhand Right At Haymon; Lawsuit Seeks $100-Plus Damages

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UPDATE: Late afternoon on Wednesday, a statement from Team Haymon was released, in response to the Top Rank suit. Here it is:

Statement from Kramer Levin Naftalis and Frankel:

Re: Top Rank, Inc. v. Alan Haymon et al

On behalf of our clients Alan Haymon, Haymon Boxing LLC, Haymon Sports, LLC and Haymon Holdings LLC

The lawsuit filed today by Bob Arum and Top Rank is entirely without merit and is a cynical attempt by boxing’s old guard to use the courts to undermine the accessibility, credibility and exposure of boxing that the sport so desperately needs.  The Premier Boxing Champions series makes boxing free again, by bringing championship boxing to free TV, with a fighter-first promise and a commitment to the fans to restore boxing to the luster of its heyday.  The continued success of this effort will far outlast this baseless lawsuit.

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Another shoe has dropped in the promotional wars of 2015; promoter Bob Arum has lodged a lawsuit against disruptor in chief Al Haymon, asserting that Haymon is a shadowy figure who is rigging the game to suit his nefarious needs.

This document and flurry aimed at the ex music biz maven, who has turned the sport on its head by snapping up marquee platforms, where he showcases the more than 200 fighters signed to him under an advisory capacity, comes on the heels of a similar one advanced by Oscar De La Hoya.

Arum is seeking $100 million plus in damages, and the suit, overseen by attorney Daniel Petrocelli in California, is stationed in the US District Court of Los Angeles.

The aim seems to be to turn off the money spigot which has been made available to Haymon from investment firm Waddell and Reed. Fighters have been enjoying stellar paydays this year as a result of the war chest Haymon enjoys, so we have not heard, really, a peep of protest from them, as their purses have been bumped north, but we can expect this suit to kick up dust, and shed light on practices by the sports top-most brokers of power in the coming months and maybe years.

Haymon is portrayed as a “shadowy” figure who is “rigging” the industry, and is engaged in practices of “payola,” which is essentially paying off people to get preferential treatment, and was a term popularized in the radio business in the 50s and 60s.

The suit puts forth that there is a groundswell of opposition to Haymon, including the Association of Boxing Commissions, who in April sent a request to the US AG to investigate Haymon’s practices. Also backing this play by Top Rank is De La Hoya and Bernard Hopkins, who lodged their own suit, which will have Haymon arguably playing a ton of defense, and keeping his lawyers well paid…also, the call by the WBO president to have Haymon investigated is referenced. Message: there is a legion of anti Haymon folks who agree with the contentions in the suit.

The suit seeks to “rebrand” Haymon’s “time buy” model as “neo payola,” as illegally paying for prominent placement. More punches–Haymon has suppressed competition, illegally, by booking venues, engaging in “venue squatting,” so that other promoters have to move their events elsewhere. Examples for that argument include citing the April Ruslan Provodnikov-Lucas Matthysse bout, which ended up at the lower-tier venue Turning Stone Casino in Verona, NY, instead of a higher-profile staging platform.

Other points of interest: Haymon allegedly profiting from illegal ticket scalping, and being instrumental in blocking certain fighters from getting sparring from boxers who are “bought off” by Haymon.

Boiled down, the suit comes down the assertion that Haymon cannot act as both manager and promoter, because the Muhammad Ali Act forbids him from doing so. Also, that he is engaged in monopolistic practices by trying to corner venues, and block other promoters from booking them. Others are folded into the claim; the suit says that promoters like Lou DiBella, Leon Margules and Goossen Promotions are basically acting as covers for Haymon, are “sham” actors, not the “real” promoter who sets up all the matches of import.

In talking to some Haymon and Haymon-tied folks on background, I get the sense the reaction to this latest flurry ranges from ire, and counter-claims that Arum is in fact a bad actor himself, to resignation, in a “haters gonna hate” sphere, seeing it as a cost of doing business as the new monster on the block. No one is privately, to me, evincing any worry that the suits have merit, though I have to imagine, at least, that there has to be a private mindset of at the least mild concern that maybe the court takes the Top Rank side in this clash.

De La Hoya put out a statment a little after 3 PM Eastern time on Wednesday:

“I applaud Bob Arum and Top Rank Boxing for stepping up on behalf of fighters not only in their own stable, but all across the sport. Those like Bob and myself who have spent the bulk of their lives around boxing understand that the Muhammad Ali Boxing Reform Act is a crucial piece of legislation that serves to protect boxers and enhance the sport. Golden Boy Promotions will continue to push forward with our own lawsuit to ensure our wonderful sport continues to grow in a competitive, just manner.”

Background on GBP Lawsuit:  

On May 6, 2015, Golden Boy Promotions filed a $300 million lawsuit against Al Haymon and his related companies alleging repeated violation of antitrust laws and the Muhammad Ali Boxing Reform Act.  The case was filed in Federal Court in Los Angeles.

In the court of public/Twitter opinion, reaction is mixed: some see Haymon as a bad actor, a master manipulator who has turned the industry on its ear and is bad for the sweet science; others are pleased with all the free content now available on marquee platforms.

There is now no shortage of Internet attorneys, I note,  labeling the suit one way or another, as “devastating” or the like, when in fact, opinion among ACTUAL logicians with degrees in that realm are mixed. For instance, I think the counter-claim can be made that the Haymon play leaving “no room for …other promoters” can be debated, as high profile shows put together by Golden Boy, Top Rank and Main Events have just occured or are about to. Bottom line, my two cents: let us let the lawyers do the lawyering, and do a better job at staying in our lane.

The fighters, by and large, are not squawking, as their purses have headed northward when in the Haymon fold, and the market all-told seems to reflect the new reality, arguably, as other promoters need to keep talent happy, lest they seek to jump to the Haymon ship.

One fighter mentioned in the 50 page suit is Julio Cesar Chavez Jr., a former Top Rank boxer; he did jump ship and was rewarded with a handsome payday in his last outing. Indeed, he posted a $1.75 million dollar check pic on social media, and that pic is noted in the suit…as evidence of Haymon’s odiousness, because the promoter typically pays the fighter, his “advisor” does not.

Bottom line–suit says Haymon wears too many hats: promoter, manager/advisor, popcorn seller. No bueno, it is alleged…that muddies his aims and loyalties and disqualifies him from doing business in a free and righteous open market. He is trying to gain a monolopoly, with the end result being a one-man game, the attorneys and Top Rank put forth, with only him controlling all the marbles…and then, the fans will have to pay the piper (“supracompetitive pricing”) and he will charge egregiously with all the power and players in his lap. For this reason, Top Rank asks that Haymon and companies be barred from doing this business, and seeks damages in excess of $100 million, “trebled.”

Trouble?

Is Haymon in quicksand now? Or is this much ado about near nothing?

Thoughts, readers?

 

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Ringside at the Cosmo: Pacheco Outpoints Nelson plus Undercard Results

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LAS VEGAS, NV – Eddie Hearn’s Matchroom Promotions was at the Cosmopolitan in Las Vegas tonight for the second half of a DAZN doubleheader that began in Nottingham, England. In the main event, Diego Pacheco, ranked #1 by the WBO at super middleweight, continued his ascent toward a world title with a unanimous decision over Steven Nelson.

Pacheco glides round the ring smoothly whereas Nelson wastes a lot energy with something of a herky-jerky style. However, although Nelson figured to slow down as the fight progressed, he did some of his best work in rounds 11 and 12. Fighting with a cut over his left eye from round four, a cut that periodically reopened, the gritty Nelson fulfilled his promise that he would a fight as if he had everything to lose if he failed to win, but it just wasn’t enough, even after his Omaha homie Terence “Bud” Crawford entered his corner before the last round to give him a pep talk (back home in North Omaha, Nelson runs the B&B (Bud and Bomac) Sports Academy.

All three judges had it 117-111 for Pacheco who mostly fought off his back foot but landed the cleaner punches throughout. A stablemate of David Benavidez and trained by David’s father Jose Benevidez Sr, Pacheco improved to 23-0 (18). It was the first pro loss for the 36-year-old Nelson (20-1).

Semi wind-up

Olympic gold medalist Andy Cruz, who as a pro has never fought a match slated for fewer than 10 rounds, had too much class for Hermosillo, Mexico’s rugged Omar Salcido who returned to his corner with a puffy face after the fourth stanza, but won the next round and never stopped trying. The outcome was inevitable even before the final round when Salcido barely made it to the final gun, but the Mexican was far more competitive than many expected.

The Cuban, who was 4-0 vs. Keyshawn Davis in closely-contested bouts as an amateur, advanced his pro record to 5-0 (2), winning by scores by 99-91 and 98-92 twice. Salido, coming off his career-best win, a 9th-round stoppage of former WBA super featherweight title-holder Chris Colbert, falls to 20-2.

Other TV bouts

Ernesto “Tito” Mercado, a 23-year-old super lightweight, aims to become the next world champion from Pomona, California, following in the footsteps of the late Richie Sandoval and Sugar Shane Mosely, and based on his showing tonight against former Beijing Olympian and former two-division title-holder Jose Pedraza, he is well on his way.

After three rounds after what had been a technical fight, Mercado (17-0, 16 KOs) knocked Pedraza off his pins with an overhand right followed by short left hand. Pedraza bounced back and fell on his backside. When he rose on unsteady legs, the bout was waived off. The official time was 2:08 of round four and the fading, 25-year-old Pedraza (29-7-1) was saddled with his third loss in his last four outings.

The 8-round super lightweight clash between Israel Mercado (no relation to “Tito”) and Leonardo Rubalcava was fan-friendly skirmish with many robust exchanges. When the smoke cleared, the verdict was a majority draw. Mercado got the nod on one card (76-74), but was overruled by a pair of 75-75 scores.

Mercado came out strong in the opening round, but suffered a flash knockdown before the round ended. The referee ruled it a slip but was overruled by replay operator Jay Nady and what would have been a 10-9 round for Mercado became a 10-8 round for Rubalcava. Mercado lost another point in round seven when he was penalized for low blows.

The scores were 76-74 for Mercado (11-1-2) and 75-75 twice. The verdict was mildly unpopular with most thinking that Mercado deserved the nod. Reportedly a four-time Mexican amateur champion, Rubalcava (9-0-1) is trained by Robert Garcia.

Also

New Matchroom signee Nishant Dev, a 24-year-old southpaw from India, had an auspicious pro debut (pardon the cliché). Before a beaming Eddie Hearn, Dev stopped Oakland’s Alton Wiggins (1-1-1) in the opening round. The referee waived it off after the second knockdown.

Boxers from India have made large gains at the amateur level in recent years and Matchroom honcho Eddie Hearn anticipates that Dev, a Paris Olympian, will be the first fighter from India to make his mark as a pro.

Undefeated Brooklyn lightweight Harley Mederos, managed by the influential Keith Connolly, scored his seventh knockout in eight tries with a brutal third-round KO of Mexico’s Arturo de Isla.

A left-right combination knocked de Isla (5-3-1) flat on his back. Referee Raul Caiz did not bother to count and several minutes elapsed before the stricken fighter was fit to leave the ring. The official time was 1:27 of round three.

In the opener, Newark junior lightweight Zaquin Moses, a cousin of Shakur Stevenson, improved to 2-0 when his opponent retired on his stool after the opening round.

Photo credit: Melina Pizano / Matchroom

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Najee Lopez Steps up in Class and Wins Impressively at Plant City

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Garry Jonas’ ProBox series returned to its regular home in Plant City, Florida, tonight with a card topped by a 10-round light heavyweight match between fast-rising Najee Lopez and former world title challenger Lenin Castillo. This was considered a step-up fight for the 25-year-old Lopez, an Atlanta-born-fighter of Puerto Rican heritage. Although the 36-year-old Castillo had lost two of his last three heading in, he had gone the distance with Dimitry Bivol and Marcus Browne and been stopped only once (by Callum Smith).

Lopez landed the cleaner punches throughout. Although Castillo seemed unfazed during the first half of the fight, he returned to his corner at the end of round five exhibiting signs of a fractured jaw.

In the next round, Lopez cornered him against the ropes and knocked him through the ropes with a left-right combination. Referee Emil Lombardo could have stopped the fight right there, but he allowed the courageous Castillo to carry on for a bit longer, finally stopping the fight as Castillo’s corner and a Florida commissioner were signaling that it was over.

The official time was 2:36 of round six. Bigger fights await the talented Lopez who improved to 13-0 with his tenth win inside the distance. Castillo declined to 25-7-1.

Co-Feature

In a stinker of a heavyweight fight, Stanley Wright, a paunchy, 34-year-old North Carolina journeyman, scored a big upset with a 10-round unanimous decision over previously unbeaten Jeremiah Milton.

Wright carried 280 pounds, 100 pounds more than in his pro debut 11 years ago. Although he was undefeated (13-0, 11 KOs), he had never defeated an opponent with a winning record and his last four opponents were a miserable 19-48-2. Moreover, he took the fight on short notice.

What Wright had going for him was fast hands and, in the opening round, he put Milton on the canvas with a straight right hand. From that point, Milton fought tentatively and Wright, looking fatigued as early as the fourth round, fought only in spurts. It seemed doubtful that he could last the distance, but Milton, the subject of a 2021 profile in these pages, was wary of Wright’s power and unable to capitalize. “It’s almost as if Milton is afraid to win,” said ringside commentator Chris Algieri during the ninth stanza when the bout had devolved into a hugfest.

The judges had it 96-93 and 97-92 twice for the victorious Wright who boosted his record to 14-0 without improving his stature.

Also

In the TV opener, a 10-round contest in the junior middleweight division, Najee Lopez stablemate Darrelle Valsaint (12-0, 10 KOs) scored his career-best win with a second-round knockout of 35-year-old Dutch globetrotter Stephen Danyo (23-7-3).

A native Floridian of Haitian descent, the 22-year-old Valsaint was making his eighth start in Plant City. He rocked Danyo with a chopping right hand high on the temple and then, as Danyo slumped forward, applied the exclamation point, a short left uppercut. The official time was 2:17 of round two.

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Japanese Superstar Naoya Inoue is Headed to Vegas after KOing Ye Joon Kim

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Japan’s magnificent Naoya Inoue, appearing in his twenty-fourth title fight, scored his 11th straight stoppage tonight while successfully defending his unified super bantamweight title, advancing his record to 29-0 (26 KOs) at the expense of Ye Joon Kim. The match at Tokyo’s Ariake Arena came to an end at the 2:25 mark of round four when U.S. referee Mark Nelson tolled “10” over the brave but overmatched Korean.

Kim, raised in a Seoul orphanage, had a few good moments, but the “Monster” found his rhythm in the third round, leaving Kim with a purplish welt under his left eye. In the next frame, he brought the match to a conclusion, staggering the Korean with a left and then finishing matters with an overhand right that put Kim on the seat of his pants, dazed and wincing in pain.

Kim, who brought a 21-2-2 record, took the fight on 10 days’ notice, replacing Australia’s Sam Goodman who suffered an eye injury in sparring that never healed properly, forcing him to withdraw twice.

Co-promoter Bob Arum, who was in the building, announced that Inoue’s next fight would happen in Las Vegas in the Spring. Speculation centers on Mexico City’s Alan Picasso (31-0-1, 17 KOs) who is ranked #1 by the WBC. However, there’s also speculation that the 31-year-old Inoue may move up to featherweight and seek to win a title in a fifth weight class, in which case a potential opponent is Brandon Figueroa should he defeat former Inoue foe Stephen Fulton next weekend. In “olden days,” this notion would have been dismissed as the Japanese superstar and Figueroa have different promoters, but the arrival of Turki Alalshikh, the sport’s Daddy Warbucks, has changed the dynamic. Tonight, Naoya Inoue made his first start as a brand ambassador for Riyadh Season.

Simmering on the backburner is a megafight with countryman Junto Nakatani, an easy fight to make as Arum has ties to both. However, the powers-that-be would prefer more “marination.”

Inoue has appeared twice in Las Vegas, scoring a seventh-round stoppage of Jason Moloney in October of 2020 at the MGM Bubble and a third-round stoppage of Michael Dasmarinas at the Virgin Hotels in June of 2021.

Semi-wind-up

In a 12-round bout for a regional welterweight title, Jin Sasaki improved to 19-1-1 (17) with a unanimous decision over Shoki Sakai (29-15-3). The scores were 118-110, 117-111, and 116-112.

Also

In a bout in which both contestants were on the canvas, Toshiki Shimomachi (20-1-3) edged out Misaki Hirano (11-2), winning a majority decision. A 28-year-old Osaka southpaw with a fan-friendly style, the lanky Shimomachi, unbeaten in his last 22 starts, competes as a super bantamweight. A match with Inoue may be in his future.

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