Paul Gift for BloodyElbow.com: “More financials surface about Golden Boy, Haymon’s Premier Boxing Champions”

http://www.bloodyelbow.com/2017/1/13/14259380/golden-boy-haymon-pbc-lawsuit-more-financials-surface-boxing-news

“As boxing’s major antitrust case gears up for trial, more financial figures, emails and documents were released to the public.”

Especially interesting is Golden Boy’s absolute financial reliance on Canelo, who “accounted for 94% of Golden Boy’s income from boxing operations in 2015”.

Any wonder why he’s fighting Khan, Smith & Chavez Jr., all on PPV, instead of Golovkin?

Also interesting are emails between the Golden Boy PR director & a journalist, discussing ways in which critical articles on Haymon can be penned. The discussions include the journalist, Hesiquio Balderas labelling Haymon “black hitler”, as well as further racist language.

8 thoughts on “Paul Gift for BloodyElbow.com: “More financials surface about Golden Boy, Haymon’s Premier Boxing Champions”

  1. Fascinating. Can’t wait to see what happens next.

    It’s a privileged view of the numbers kept from us in the normal course of business. These sums really tell the story of American boxing in this period. I was surprised to learn how slim GB’s cut was from Canelo’s massive earnings, though not to learn of his primacy to their business.

    And then there’s the racism and demonization engaged in by the GB press flak. Ugly, vicious. Not a good look for the house of Oscar, come what may at trial.

    I remain hopeful if not confident that GB prevails. It’s a very long shot, forget the merits. Antitrust is bitterly hard to win over here. By design: capitalism has inoculated itself in this regard from the virus of law meant to protect us from it. I’ve always seen this as a bitter irony. If you accept that the natural goal in competitive enterprise is to dominate it follows that society needs to keep competition possible — use a legal crowbar to re-open it when it becomes closed off.

    We don’t do that but once in a generation or two. It isn’t mysterious when you see who makes our laws — fatcats.

    • I was also surprised, even more so to see the relatively meagre profits GB seemingly turn over each year.

      Crazy really that Luis Ortiz (now gone to Hearn) was the only other GB boxer turning a profit for them. Golden Boy are simply Canelo & scores of loss leader prospect projects right now. No wonder Oscie’s so relucant to put his man in with GGG.

      Btw, Canelo-JCC Jr. is everything wrong with boxing that Oscar vowed to fight against in the post-Mayweather-Pacquiao era. Unceasing hypocrisy…

      The unsavoury & unethical collusion between a promoter and member of the press stinks.

      Interesting insight into American law there. Thanks. Based on my limited grasp having read about the case so far, I’d say GB’s chances look slim too, but hopefully at least we’ll learn some more pertinent business details as they try.

      • Well, now we know. The judge even threw in one of those haughty lectures about antitrust law protecting “competition, not competitors.” Ironically, the court did not properly contextualize GBP depending solely on Canelo as its last moneymaker in a stable depleted by anticompetitive practices; instead it cited a big Canelo date as proof GBP hadn’t suffered injury. Pfffft.

        Btw, stumbled upon this, and was sad to see the once-sharp Mosley in slurring decline:

      • Indeed, the lawsuit ends in a damp squib. Oscar (arrested for a DUI this week) & co. come out of this looking worse than Haymon.

        I’ve noticed his speech deteriorating steadily for years. It’s always sad to see, particularly from a former great.

        Great night of boxing tonight. Frampton-LSC II, Zlaticanin-Garcia, Miura-Roman & Vargas-Berchelt all have fight of the year potential.

        Contrasting cinema experiences this past week: Manchester by the Sea a brilliant character study from the always tremendous Kenneth Lonergan, and Ben Affleck’s Live by Night the worst film I’ve seen in recent memory, with the director himself in a horrible central performance. I really enjoyed Gone Baby Gone and The Town, but this was dire. Casey Affleck puts big bro to shame with his display in Manchester…

  2. Cheers for the cinema tips. None to give in return; just haven’t been watching. Reading: Ayaan Hirsi Ali (“Infidel”), Christopher Hitchens (“Arguably”), Robert Charles Wilson (“The Chronoliths”).

    Pity about Oscar. Downward spiral to resume, most likely. While looking up details at notorious sleaze site TMZ, my eye was caught by a “related” story there (isn’t it helpful of them having celeb drinking indexed by sport?). Victor Ortiz, in fact, was the subject. His late 2016 DUI seems to have triggered some kind of special California parole violation. Imagine going into the slammer there or, hell, anywhere with his past. “Yo, pendejo! I know you! You that Face Lube guy, ain’tchu? I bought a bottle of that shit and– Wait a minute! Ay dios mio! Didn’t I see your ass kissing Money that one time, too?!”

    Fights. 2017 already off to a blazing start! Miura-Roman was ecstasy. …Was rooting for Frampton in the return match with LSC but must give kudos to the strategy and execution of the winner. …Glanced at Eubank Jr.’s PPV snoozer tonight. He’s not improving, exactly, on a steady diet of plodders. But: Dr. Monocle looked natty as ever.

    Thoughts on looming Thurman-Garcia matchup? I like Thurman given the ability of light-fisted Lamont Peterson to befuddle Garcia. But Garcia is good at timing a charging opponent, as he notably did with Matthysse. A sustained body attack might even put Thurman down; back-to-back opponents have doubled him over in pain with a single shot.

    • Cool, my most recent reading has included the excellent (Paul) Schrader on Schrader book of interviews, and Tim O’Brien’s In the Lake of the Woods.

      Hahaha dialogue worthy of Elmore Leonard!

      Very good start to the year so far: Miura-Roman fantastic; Berchelt-Vargas fun; and LSC-Frampton setting up a delicious trilogy.

      LSC’s new dimension as a boxer was impressive and wholly unexpected.

      The Eubank PPV was the expected joke, but I streamed some of it anyway, inc. the main event. It was a mediocre performance imo, and there’s no doubt in my mind that his careful opponent selection is stunting his progress. There’s a middle ground between Doran/Quinlan & GGG.

      Excellent fight. I think Thurman hands Garcia an overdue L (close but clear decision).

      • I have to know how you found your way to Tim O’Brien. Earlier work? I love his The Things They Carried and Going After Cacciato. Many years ago I talked to him at a conference when he was becoming known in our state, a brilliant man. How did you care for In The Lake of the Woods?

        Another Vietnam work I have meant to get on to for ages is Denis Johnson’s Tree of Smoke. Did you read it? I keep ignoring it and picking up something else. Then I glance over at it on my shelves guiltily. Hypocrite lecteur, haha!

        How is Schrader on Schrader? Anything stand out? I would enjoy reading him dish on Marty, if he does.

        I will be rooting for Thurman whose boxing style and Florida-flavored renaissance man routine on Youtube I enjoy in equal measure. Should he win, he should fight Spence Jr. — sooner is probably safer for him than later!

  3. I’d forgotten for a moment that you’re a Minnesotan! The book was on my college syllabus years ago and went unread. I was reminded of the titular lake by rewatching the interesting Kelly Reichardt film Night Moves, and so belated read, and thoroughly enjoyed, the O’Brien book.

    Haha I have many books like that on my shelf that have yet to be enjoyed…all in good time. I’d never heard of Tree of Smoke but a google search does pique my interest.

    Thurman-Spence is an inevitable fight down the line, I think. Hearn says a deal for Brook-Spence is drawing near and what a fight that would be.

    It’s terrific, although I’m not a big fan of most of the selections of his film criticism that are included in the book. The interviews are absorbing though. There are moments that will appeal to the gossip-hungry (I confess that’s often me too), but not much on Marty. I watched Schrader’s Affliction for the first time the other day and loved it — possibly his best as director imo, though I haven’t seen Mishima or Blue Collar.

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