Manny Pacquiao 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.

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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.

Read Filipino facing multi-million dollar lawsuit

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.

Bob Arum and Manny Pacquiao after a fight play

Bob Arum and Manny Pacquiao after a fight

(Boxing News Online)

 

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.

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.

Al Haymon and floyd Mayweather enjoying a conversation play

Al Haymon and floyd Mayweather enjoying a conversation

(New York Times)

 

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.

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