Bob Arum, the promoter of Filipino boxer, Manny Pacquiao is seeking damages of more than $100m from Floyd Mayweather's promoter, Al Haymon in a lawsuit filed on Wednesday, July 1, 2015.
ADVERTISEMENT
Boxer's promoter seeks $100m damage from Mayweather's promoter
Bob Arum, the promoter of Filipino boxer, Manny Pacquiao is seeking damages of more than $100m from Floyd Mayweather's promoter, Al Haymon in a lawsuit filed on Wednesday, July 1, 2015.
Bob Arum and Manny Pacquiao after a fight
According to Sportingnews.com, the 50-page suit, filed in federal court in Los Angeles, claims that Al Haymon, who also operates Premier Boxing Champions, has blocked Top Rank from leasing venues for fights, doing fights with its fighters and frozen the company out of the television market.
Top Rank claims that through Haymon’s fighter deals and time-buy arrangements with top cable networks that include NBC, CBS,ABC and ESPN, other promoters are being locked out of air time space.
ADVERTISEMENT
The is coming barely two months after Oscar De La Hoya’s Golden Boy Promotions filed a lawsuit seeking $300m in damages from Haymon and his investment firm Waddell & Reed, which Arum’s attorneys say has committed more than $400m to build Premier Boxing Champions while taking large losses.
“The lawsuit filed 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,” a spokesman for the firm Kramer Levin Naftalis & Frankel LLP wrote.
According to the Muhammad Ali Boxing Reform Act, managers, such as Haymon are prohibited from also acting as promoters.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
Court orders Mohbad's wife to allow DNA test on their son
Kofi Kinaata bows to pressure from fans, set to drop his 1st ever album
Ghanaian celebrities Mr Drew, Van Vicker, Champion Rolie unveil TECNO CAMON 30 Series in a star-studded runway
Gospel singer recounts how he busted his pastor sleeping with church secretary
I've played a pivotal role in modernizing Ghana's dance industry - DanceGod Lloyd
You can't create problem for me, I am problem myself - Shatta Wale reacts to GSPD statement
Padmore Abekah releases Mother’s Day anthem ‘Sweet Sweet Mother’(Ena Pa)
Mr. Drew responds to lawsuit by event organisers over his failure to perform
