Golden Boy Promotions Seeking Arbitration In Canelo-DAZN Lawsuit
Golden Boy Promotions has officially responded to Canelo Alvarez’s lawsuit.
Canelo is seeking $280 million in damages from DAZN and Golden Boy. Canelo is also looking to have the ability to break free from his contracts. Boxing’s top star is alleging a breach of contract.
DAZN has responded with an attempt to return the case to federal court. Canelo’s legal team responded by laying out the problems that could arise from DAZN getting their request granted.
Golden Boy has been silent throughout this process but that has changed. Ricardo Cestero, who is representing Golden Boy, said the following in a statement seeking arbitration (via BoxingScene.com).
“Plaintiffs and Golden Boy are parties to the Promotional Contract. The arbitration clause in that agreement is broad, covering “[a]ny claim, controversy or dispute arising out of or related to this agreement.
“Because each of Plaintiffs’ claims against Golden Boy arise directly out of the rights and obligations contained within the Promotional Contract, Golden Boy is entitled to have all such claims resolved through binding arbitration. Accordingly, Golden Boy intends to seek to enforce its right to arbitration pursuant to the Promotional Contract and to stay or dismiss this action to allow the arbitration to proceed.”
Canelo hasn’t competed since November 2, 2019. He defeated Sergey Kovalev via 11th-round knockout to capture the WBO Light-Heavyweight Title. Canelo vacated the gold in favor of moving back down in weight but he hasn’t been competing due to his legal issue with DAZN.
Back in 2018, Canelo signed a lucrative 11-year, $365 million contract with the sports streaming service.