The main problem to agree to another fight is that the Mexican boxer is not willing to reduce his earnings
September 30, 2020 Share on FacebookShare Share on TwitterTweet Share on WhatsAppShare
The tapatío received a proposal of USD 20 million per fight, this to avoid a possible trial (Photo: Twitter @ Canelo)
The future of Saúl “Canelo” Álvarez is still in detention due to legal problems. After Team Canelo ratified the lawsuit for breach of contract, the Mexican boxer continues without reaching an agreement with DAZN, Óscar de la Hoya and Golden Boy Promotions.
The tapatío received a proposal of USD 20 million per fight, this to avoid a possible trial. However, the boxer is clear with his interests and demands 280 million in total, since he has only received USD 85 million of the 365 that he initially agreed with DAZN.
According to information from journalist Chris Mannix for Sports Illustrated , Álvarez would seek a jury trial, but the defendants want to settle the conflict in a timely manner.
Saúl Álvarez has denounced his promoters for slowing down his sporting progress, since he has not been able to find a rival for this year. On the other hand, it transpired that the Showtime company would be interested in signing the Mexican if he concludes the process as a free agent.
This Tuesday it was announced that the lawsuit of Canelo's lawyers was confirmed in the Superior Court of Los Angeles , despite having had an approach with the promoters to start negotiations for a possible “settlement.”
The working relationship between Saúl Álvarez and Oscar de la Hoya began in 2010, when he signed with Golden Boy (Photo: Instagram @ oscardelahoya)
Álvarez's first legal claim occurred on September 8, but the District Judge, Percy Anderson, urged them to rectify because they had named the defendants as corporations instead of limited liability companies. Canelo had until the 28th of this month to do it.
In 2018, Álvarez signed a contract with Golden Boy Promotions and DAZN in which he would have 11 fights and USD 365 million, which would take place between 2019 and 2023, that is, the Mexican would have earned approximately USD 35 million per fight.
The considered best pound for pound in the world had planned to enter the ring on May 2 against Billy Joe Saunders, but the fight was canceled due to the health emergency of coronavirus.
On June 4, Eric Gómez, president of Golden Boy Promotions, confirmed for The 3 Knockdown Rule podcast that the boxer is open “to fight in September without fans.”
Álvarez's lawyers have been in constant contact with DAZN to remind him that they are legally obliged to pay him the amounts stipulated for 2 years (Photo: Instagram / canelo)
Gomez considered that the “situation is complex”, since other boxers will not accept a fight without an audience. Currently, there are some sports that have resumed activities without fans, which has a negative impact in terms of earnings.
According to information from Grupo Reforma , the main problem in agreeing to another fight is that “Canelo” is not willing to reduce his earnings.
According to information from Diego Martinez for the CANCHA newspaper, Álvarez's lawyers have been in constant contact with DAZN to remind him that they are legally obliged to pay him the amounts stipulated for 2 years.
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