The relationship between Canelo Alvarez, Oscar De La Hoya, and DAZN has soured greatly.
When Canelo signed with DAZN back in the fall of 2018, things couldn’t be rosier for the two sides and Golden Boy Promotions. The deal was worth a minimum of $365 million. Fast forward to 2020 and things have gotten ugly.
The Athletic is reporting that Canelo has filed suit against Oscar De La Hoya, Golden Boy Promotions, and DAZN. Boxing’s top star is alleging breach of contract. He filed the complaint in Federal Court in Los Angeles.
It was reported prior that DAZN was unwilling to pay Canelo a $35 million guarantee. It’s said that the movers and shakers at the sports streaming platform have been frustrated with a lack of top-drawing bouts. DAZN was counting airing a trilogy bout Canelo and Gennadiy Golovkin but that bout hasn’t materialized.
Here’s what Canelo had to say about filing a lawsuit against De La Hoya, Golden Boy Promotions, and DAZN.
“I’m not scared of any opponent in the ring, and I’m not going to let failures of my broadcaster or promotors keep me out of the ring.”
The report of Canelo’s issues with DAZN also noted that due to the current situation, the Mexican star is unlikely to compete in 2020. He hasn’t stepped inside the boxing ring since November 2, 2019. He knocked out Sergey Kovalev in the 11th round to capture the WBO Light-Heavyweight Championship. Canelo has since relinquished the title in favor of moving back down in weight.
We’ll continue to update you on the situation between Canelo, Golden Boy Promotions, and DAZN once more details are made available.