Boxing megastar Canelo Alvarez has filed a lawsuit against DAZN and Golden Boy Promotions. According to The Athletic, Canelo is asking for permission to be promoted by someone else and is seeking $280 million in damages.
Two years ago, Canelo signed a deal with DAZN for $35 million a fight that included Golden Boy Promotions. The deal consisted of $350 million dollars with 11 fights over five years.
The lawsuit, which was filed in California, stated, “Despite repeated promises that an alternative offer was imminent, DAZN failed to make a proposal to either Golden Boy Promotions or Alvarez for several months. When Golden Boy Promotions and Alvarez proposed opponents, DAZN refused to confirm that it was prepared to broadcast Alvarez’ September 2020 bout or that it would pay the contracted $40m license fee.”
Canelo’s qualms aren’t just with DAZN. It’s been rumored that the boxer and promoter haven’t been on the same page for some time. The lawsuit also directs blame at his long promoter. “Although Golden Boy Promotions reported that it was talking to various broadcasters, it failed to put forth a single alternative plan by which it would pay Alvarez the $35m it had promised him for each of his fights.“
Canelo is seeking this trial to be with an open jury and this could be a very ugly divorce between the pound for pound boxer in the world and Oscar De La Hoya’s promotion.
The Pandemic and Canelo Saga
Canelo hasn’t fought since he beat Sergey Kovalev in November. Since then, the pandemic has obviously happened and Canelo’s camp had to push back their annual Cinco De Mayo fight date where the boxing superstar generally fights.
Canelo hasn’t had much luck agreeing on a fight with any fighter. He’s wanted to get into the UK market and Callum Smith and Billy Joe Saunders have been rumored for some time as a potential next opponent. Nothing has come to fruition.
Stay posted to My MMA News for all the latest news surrounding this new Canelo lawsuit. Thanks for reading.
Your friendly neighborhood fight fan. I watch way too many fights and my wife lets me know it. Also, Cowboy Cerrone is the GOAT.