Canelo Alvarez Reveals What Went Wrong With Oscar De La Hoya

Canelo Alvarez has weighed in on why he had a falling out with Oscar De La Hoya.

Canelo had signed a lucrative deal with Golden Boy Promotions and DAZN. It was supposed to be an 11-year, $365 million deal. Canelo ended up filing a lawsuit against DAZN, De La Hoya, and Golden Boy Promotions for allegedly failing to fulfill commitments. Ultimately, Alvarez was freed of his contract before things could get ugly in court.

During an interview with Graham Bensinger, Canelo gave his side of the story (h/t BoxingScene.com).

“Look, I don’t like to talk much about people, but I’ve been a very loyal person, always. And I was very loyal, always with Golden Boy. [De La Hoya] is not Golden Boy. He doesn’t do anything in Golden Boy. He’s worried about drinking, and being involved in other things… The decisions are made by other people. When Richard Schaefer left Golden Boy, he took all the boxers to PBC. He took all of them. And he also wanted to take me – and I was the only boxer that stayed with Golden Boy, because I’m a loyal man. But then, later I understood why everyone had gone and why Richard Schaefer left. Because those who are in Golden Boy, they are only looking after their own benefit, not the boxer’s benefit.”

Alvarez has been signing short-term deals with Matchroom Boxing. Many believe Canelo is destined for a one-fight deal with PBC if he can defeat Billy Joe Saunders on May 8. This would open the door for a title unification bout against Caleb Plant.