Showing posts with label belt. Show all posts
Showing posts with label belt. Show all posts

Tuesday, July 5, 2016

Deontay Wilder Sues Alexander Povetkin Over Scrapped Fight And $5,000,000 Purse Money



Deontay Wilder v. Alexander Povetkin was schedueld to take place on May 21, 2016, but was cancelled when Povetkin failed the standard drug test

Undefeated WBC heavyweight world champion, Deontay Wilder, 30, has sued rival and challenger, Alexander Povetkin, 36, for failing a drug test, which led to the cancellation of their much anticipated fight in Russia. Povetkin's promoter Andrey Ryabinskiy has also been sued in the legal action. Povetkin tested positive for the steroid meldonium, which was added to the banned list in January 2016. 

Meldonium's primary function is as a heart drug. However, it does give athletes an edge in competition, creating increased oxygen intake and recovery (but it is not without considerable risks to a person who is not a cardiac patient: "Tennis Star Maria Sharapova Given 2-Year Ban For Using Banned Steroid" and "42-Year-Old MMA Star Kimbo Slice Dies From Fatal Heart Attack In Florida").

Wilder's purse for the fight was to be $4,369,365, money Wilder lost, as he was the likely favorite to retain the WBC heavyweight belt. Wilder's record is (36-0). Povetkin's record is (31-1). Wilder has a valid case. He upheld his end of the contract. However, Povetkin's conduct via a failed drugs test constitutes breach of contract, as each fighter was legally obligated to show up for the fight drug free. 

As such, Wilder is entitled to financial compensation. Wilder spent time and money training for the fight ($100,000) and in this site's estimation would have won the bout (again the purse was $4,369,365). During said time, Wilder could have taken another lucrative fight as champion and made millions of dollars. Wilder was also deprived of the fight of a lifetime, to perform in Russia before a very large audience, which would have increased his fame in Europe and Britain. Therefore, it is a litigable offense, the case has merit and there are actual damages (financial losses) one can gain relief for under court rules. The case has been filed in New York.

Previously, Povetkin's promoter Ryabinskiy, sued Don King and his fighter, Guillermo Jones, over a failed drug test and won $2,000,000. Therefore, there is precedent for Wilder's lawsuit.

STORY SOURCE

Deontay Wilder, promoter file suit over canceled Alexander Povetkin match

 June 13, 2016 4:54 PM - Deontay Wilder, the WBC heavyweight contender, and promoter DiBella Entertainment have jointly filed a federal lawsuit against No. 1 contender Alexander Povetkin and his promoter, Andrey Ryabinskiy, as a result of the cancelation of their planned May 21 bout in Russia. 

Povetkin tested positive for the banned substance Meldonium on April 27. WBC president Mauricio Sulaiman ruled on May 15 the fight could not proceed as a result of Povetkin's failure. The suit, filed Monday in U.S. District Court in New York, seeks a minimum of $5 million in actual damages plus additional damages to be proven at trial. Ryabinskiy's company, World of Boxing, earned the right to promote the bout via a purse bid in which its bid was $7.15 million. Out of that, Wilder's purse was to be $4,369,365... 

"Plaintiffs' concerns about ensuring proper testing for banned substances became amplified when, in or around late March 2016, DBE received information that made it concerned that Povetkin was undergoing some kind of doping (i.e., use of banned substances) regimen," the suit read. "In particular, DBE learned that Povetkin had traveled to Spain, which was highly suspicious considering that (i) it is common knowlege in the boxing industry that Povetkin does not like to train outside of Russia, and (ii) while Spain is not known to be a traditional place for boxers to train, it is notorious as an epicenter of doping. Based upon this information, DBE and Wilder began pressuring the WBC to immediately commence random doping testing for the Bout." 

Guillermo Jones, a Don King-promoted fighter, tested positive for a banned substance and couldn't compete against a WOB-promoted fighter. Ryabinskiy sued King for failing to produce Jones and won a $2 million judgment...
 
  

Monday, April 6, 2015

Amir Khan Dodging Boxers Kell Brook And Timothy Bradley


Amir Khan

The IBF declared American pugilist, Timothy Bradley, the mandatory Amir Khan must fight in an eliminator bout, where the winner would take on undefeated welterweight titleholder, Kell Brook. Khan declined the fight in a move that has tongues wagging. Bradley beat Filipino legend, Manny Pacquiao, due to controversial scoring, but was defeated in the subsequent rematch.

Fellow British boxer, Kell Brook, has been requesting a fight against Khan, but he has repeatedly dodged him at every turn. Brook and his team offered Khan $7,500,000 for a May 2015 title fight at London’s famed Wembley stadium, but he declined. Last week, Khan announced he would instead fight American boxer, Chris Algieri, who was recently defeated by Pacquiao.


How Amir Khan is looking at Kell Brook and his team (LOL)

Brook became angry at the announcement stating, "If someone said to me you can get five million quid, a world title, fight at Wembley with a fight that every fan wants to see, it's a no-brainer for me. He's fighting Algieri who didn't win a round against Pacquiao, a feather puncher, not a big puncher. It doesn't make sense to me. I'm world champion, I'm calling him out, we want the fight, there's a word title and a bagful of money and it doesn't make sense that he's fighting this guy who's bringing nothing to the table."

Brook believes Khan's declination of the fight against him does not make sense. However, to Khan it does and for this reason. Khan wants to fight top dogs Floyd Mayweather and Manny Pacquiao, as they are the most famous in the division, guaranteeing the biggest payday as well. In boxing it is a big deal to be able to state you fought Mayweather and or Pacquiao. Those are historic bragging rights. If Khan loses to undefeated Brook, his chances of fighting the retiring Mayweather or resurgent Pacquiao are greatly diminished. They will seek to fight Brook instead.


Kell Brook

Fighting formerly undefeated Algieri is less of a risk. Pacquiao gave a road map on how to beat Algieri in his recent win against him and Khan will use that blueprint. There is no blueprint for beating Brook, as he is undefeated. There exists too much risk for Khan to fight Brook at this time due to these facts (even though the Judiciary Report is of the belief Brook vs. Khan in London this summer would be a fantastic fight that deserves to be made).

As stated in past articles, in boxing all it takes is one punch to mess up a career (then comes the arduous but workable rebuilding after such a defeat). Brook needs to focus on getting an audience with Mayweather and or Pacquiao and not wait around for Khan. Try to get a fight with the legends as well.

STORY SOURCE

Kell Brook vents frustration: Khan-Algieri makes no sense

By Wil Esco on Apr 3, 2015, 10:49a 151- Kell Brook admits he's frustrated with the whole Amir Khan situation, and thinks the Algieri fight isn't worth a damn. The back and forth between Kell Brook and Amir Khan seems to be a never-ending saga that has gone on for years now. Ever since Brook picked up the IBF welterweight title, thinking that would give him the standing to demand a Khan fight, the war of words started heating up. When Amir Khan announced yesterday that he would be fighting Chris Algieri next, Brook wasn't at all pleased.

"If someone said to me you can get five million quid, a world title, fight at Wembley with a fight that every fan wants to see, it's a no-brainer for me," 28-year-old Brook told BBC 5 Live."

"He's fighting Algieri who didn't win a round against [Manny] Pacquiao, a feather puncher, not a big puncher. It doesn't make sense to me. I'm world champion, I'm calling him out, we want the fight, there's a word title and a bagful of money and it doesn't make sense that he's fighting this guy who's bringing nothing to the table."...
 

IBF Confirms Khan Turned Down Bradley Title Eliminator

Amir Khan, 30-3 (19 KOs), has turned down an eliminator against Tim Bradley that would have determined who became the mandatory for the IBF welterweight title, currently held by Kell Brook. Khan, 28, had previously reached out to Boxing Scene to categorically refute the claims. However, the IBF Championships Chairman confirmed that Khan had indeed been offered the fight with Bradley and that it had been rejected on his behalf by his team. "Amir Khan’s people turned down the fight. Bradley accepted"... 
 
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Wednesday, March 18, 2015

WBC Creates $1,000,000 Belt For Floyd Mayweather v. Manny Pacquiao

 

WBC belt

The WBC has created a $1,000,000 belt to present to the winner of the May 2, 2015 Floyd Mayweather v. Manny Pacquiao boxing bout in Las Vegas, Nevada. The piece will be adorned with real emeralds to highlight the belt's striking color.

CBS Sports is reporting, "According to TMZ, who posted the image first, the belt is worth almost $1 million and was specially crafted for the winner of the historic fight. The WBC had two belts made -- an emerald one and an onyx one -- but a fan vote sided with the emerald."

STORY SOURCE

LOOK: Mayweather/Pacquiao $1 million emerald belt is revealed

March 17, 2015 2:22 pm ET - Floyd Mayweather and Manny Pacquiao better like emerald, because whoever wins their bout on May 2 is going to be wearing a lot of it. The winner of the fight is set to receive this special emerald belt from the WBC...