Duva is exposing the game in her big Stevenson lawsuit
Details From Main Events' Big Adonis Stevenson Lawsuit - Boxing News
It accuses Haymon and Schaefer of attempting “to wrest control of Golden Boy from Oscar De La Hoya for their own financial gain,” which ties in with the rumors and reports that have been in the boxing industry for the past few weeks.
“As part of this scheme, Schaefer has in some instances relinquished and in other instances not required promotional agreements with fighters which Golden Boy has built into attractions, in violation of his fiduciary duties, relying instead only on Haymon’s good will, placing the corporation in a weakened position,” the lawsuit accuses. “The concept is for Haymon and Schaefer to use Haymon’s fighter contracts to seek financing to both buy out De La Hoya and continue their violation of the Muhammad Ali Act in other respects for their financial gain.
“As part of this scheme, Haymon and Schaefer must show potential investors assets, including fighter contracts, and control of fighters and major fights to show that there is substance to potential investors,” the lawsuit claims, soon adding: “It is in connection with this scheme that Mr. Haymon’s interference with Main Events’ co-promotion agreement for the Stevenson-Kovalev bout becomes relevant. A management agreement with Adonis Stevenson is obviously a significant asset to show potential investors. Better still as an asset is an agreement for a major bout between a Golden Boy fighter and Mr. Stevenson.”
Details From Main Events' Big Adonis Stevenson Lawsuit - Boxing News
It accuses Haymon and Schaefer of attempting “to wrest control of Golden Boy from Oscar De La Hoya for their own financial gain,” which ties in with the rumors and reports that have been in the boxing industry for the past few weeks.
“As part of this scheme, Schaefer has in some instances relinquished and in other instances not required promotional agreements with fighters which Golden Boy has built into attractions, in violation of his fiduciary duties, relying instead only on Haymon’s good will, placing the corporation in a weakened position,” the lawsuit accuses. “The concept is for Haymon and Schaefer to use Haymon’s fighter contracts to seek financing to both buy out De La Hoya and continue their violation of the Muhammad Ali Act in other respects for their financial gain.
“As part of this scheme, Haymon and Schaefer must show potential investors assets, including fighter contracts, and control of fighters and major fights to show that there is substance to potential investors,” the lawsuit claims, soon adding: “It is in connection with this scheme that Mr. Haymon’s interference with Main Events’ co-promotion agreement for the Stevenson-Kovalev bout becomes relevant. A management agreement with Adonis Stevenson is obviously a significant asset to show potential investors. Better still as an asset is an agreement for a major bout between a Golden Boy fighter and Mr. Stevenson.”