Paradigm Sports Management Files Injunction To Halt Pacquiao-Spence Fight

By: Sean Crose "PSM (Paradigm Sports Management) never intended to arrange a bout between Pacquiao and McGregor." So reads a Manny Pacquiao complaint that was submitted to the state court of California on Friday. "PSM never secured any of the many endorsement deals it claimed were ‘lined up,'" the complaint - obtained by Yahoo - continues. "And PSM never intended to advance the full USD $4 million to Pacquiao." This all has to do, of course, with a legal battle between the legendary fighter and Paradigm. Pacquiao teamed with the sports management company last autumn. “Verified,” Pacquiao wrote on Instagram at the time. “Excited to have officially partnered with @paradigmsports. Grateful for the support of my family, team, and fans as I continue my professional boxing journey. Big things coming! Stay tuned!” T Matters have clearly fallen apart since then. There were whispers at the time that Pacquiao was getting himself one step closer to facing Conor McGregor in the ring by signing with Paradigm, who represents the UFC Star. According to Friday's complaint, Pacquiao believed as much himself (McGregor has openly spoken to the media of his desire to box Pacquiao). Ultimately, however, it appears Paradigm wanted Pacquiao to face Mikey Garcia. Pacquiao, meanwhile, signed to fight Errol Spence in a hugely anticipated welterweight title matchup set to go down in late August. Paradigm then went ahead and sued Pacqiuao. And now Pacquiao has responded with a cross complaint. According to Yahoo, Paradigm alleges Pacquiao has already received a large sum of money from the company, and hasn't planned on returning it, despite the fact that he's now fighting Spence. Paradigm attorney Judd Burstein told Yahoo that Pacquiao "has $3.3 million and he thinks he’s entitled to keep it. It’s outrageous. He screwed us up completely with these financiers. But after all of that, he kept changing his mind and then he wanted $5 million regardless if he ever fought.” Pacquiao argues that he's not gotten as much money as expected. It appears the matter ultimately comes down to whether or not Paradigm had truly convinced Pacquiao they would arrange a fight with McGregor. Since Pacquiao's signing with Paradign, McGregor has lost two in a row in the octagon to Dustin Poirier. “Pacquiao’s primary motivation for signing with PSM was their purported ability to set a very lucrative ‘mega-fight’ between Pacquiao and PSM’s star client, McGregor,” Pacquiao's complaint reads. “But McGregor’s obligations to fight Poirier twice before ever getting a chance to fight Pacquiao would have made the arrangement far too risky for Pacquiao to agree to." Things such as this are never good news for fight fans, though matters may be worse than imagined. World Boxing News is reporting that Paradigm has filed an injunction to keep the Spence-Pacquiao bout from happening. The post Paradigm Sports Management Files Injunction To Halt Pacquiao-Spence Fight appeared first on BoxingInsider.com.

Paradigm Sports Management Files Injunction To Halt Pacquiao-Spence Fight

By: Sean Crose

"PSM (Paradigm Sports Management) never intended to arrange a bout between Pacquiao and McGregor." So reads a Manny Pacquiao complaint that was submitted to the state court of California on Friday. "PSM never secured any of the many endorsement deals it claimed were ‘lined up,'" the complaint - obtained by Yahoo - continues. "And PSM never intended to advance the full USD $4 million to Pacquiao."

This all has to do, of course, with a legal battle between the legendary fighter and Paradigm. Pacquiao teamed with the sports management company last autumn. “Verified,” Pacquiao wrote on Instagram at the time. “Excited to have officially partnered with @paradigmsports. Grateful for the support of my family, team, and fans as I continue my professional boxing journey. Big things coming! Stay tuned!”

T

Matters have clearly fallen apart since then. There were whispers at the time that Pacquiao was getting himself one step closer to facing Conor McGregor in the ring by signing with Paradigm, who represents the UFC Star. According to Friday's complaint, Pacquiao believed as much himself (McGregor has openly spoken to the media of his desire to box Pacquiao). Ultimately, however, it appears Paradigm wanted Pacquiao to face Mikey Garcia.

Pacquiao, meanwhile, signed to fight Errol Spence in a hugely anticipated welterweight title matchup set to go down in late August. Paradigm then went ahead and sued Pacqiuao. And now Pacquiao has responded with a cross complaint. According to Yahoo, Paradigm alleges Pacquiao has already received a large sum of money from the company, and hasn't planned on returning it, despite the fact that he's now fighting Spence.

Paradigm attorney Judd Burstein told Yahoo that Pacquiao "has $3.3 million and he thinks he’s entitled to keep it. It’s outrageous. He screwed us up completely with these financiers. But after all of that, he kept changing his mind and then he wanted $5 million regardless if he ever fought.” Pacquiao argues that he's not gotten as much money as expected.

It appears the matter ultimately comes down to whether or not Paradigm had truly convinced Pacquiao they would arrange a fight with McGregor. Since Pacquiao's signing with Paradign, McGregor has lost two in a row in the octagon to Dustin Poirier. “Pacquiao’s primary motivation for signing with PSM was their purported ability to set a very lucrative ‘mega-fight’ between Pacquiao and PSM’s star client, McGregor,” Pacquiao's complaint reads. “But McGregor’s obligations to fight Poirier twice before ever getting a chance to fight Pacquiao would have made the arrangement far too risky for Pacquiao to agree to."

Things such as this are never good news for fight fans, though matters may be worse than imagined. World Boxing News is reporting that Paradigm has filed an injunction to keep the Spence-Pacquiao bout from happening.

The post Paradigm Sports Management Files Injunction To Halt Pacquiao-Spence Fight appeared first on BoxingInsider.com.

Source : Boxing Insider More   

What's Your Reaction?

like
0
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0

Next Article

Eddie Hearn Admits Dmitry Bivol Likely Next For Canelo Alvarez: “I Think It’s A Really Good Fight”

By: Hans Themistode Time isn't exactly on the side of Canelo Alvarez and promoter Eddie Hearn. With the Mexican star failing to negotiate terms for an undisputed showdown against IBF super middleweight titlist Caleb Plant, team Alvarez has reportedly elected to move on. Under normal circumstances, the unified 168-pound champion has primarily fought twice a year, both being on Mexican holidays in May and September. Alvarez (56-1-2, 38 KOs) took care of business on Mexican Labour Day weekend this past May, stopping Billy Joe Saunders in the eighth round and relieving him of his WBO super middleweight title. While the pound-for-pound star would love to keep his tradition going by fighting on Mexican Independence Day weekend on September 18th, Hearn admits that the chances of that happening are getting worse and worse by the day. “I spoke to Saul a couple times,” said Hearn during an interview with IFL TV. “I think the decision is, do we go on September 18th? The decision has to come any day now.” With Plant seemingly out of the running for a showdown with Alvarez, Hearn has remained confident in his ability to lineup another high-quality opponent. Although Alvarez has firmly placed his flag in the 168-pound ground, there’s a high possibility that his next contest takes place elsewhere. Presently, IBF middleweight belt holder Gennadiy Golovkin and unified light heavyweight champion Artur Beterbiev, are amongst the select few in the race to Alvarez. On multiple occasions, Hearn revealed that any of those aforementioned names would make for a great fight against the unified 168-pound titlist. In the case of Golovkin, the Kazakstan product believes he received the short end of the stick in back-to-back fights with Alvarez. In September of 2017, Golovkin was forced to settle for a split decision draw. With that said, it was ostensible to most of the viewing public that Golovkin should have been given the win. The two would do it again 12 months later, this time, Golovkin would suffer the first defeat of his career, albeit somewhat controversially. Since then, the 39-year-old has attempted to lure the Mexican star back into the ring. As for Beterbiev, Hearn has stated on numerous occasions that while the Russian knockout artist is a massive puncher, a matchup against him is one that Alvarez “sickly” wants. Still, despite the credentials of both fighters, Hearn believes another 175-pound titleholder is in the driver's seat as the next opponent for Alvarez. “I think [Dmitry] Bivol is the fight,” admitted Hearn. "He’s ready, obviously, we promote him. They want the fight and have been looking for that breakout fight. I think it’s a really, really good fight, a tough fight. We’ll have to see.” Bivol, 30, has long craved a matchup against Alvarez. The WBA light heavyweight belt holder may have walked through his competition up until this point but he’s struggled as of late with activity. After appearing in the ring only twice in 2019, Bivol (18-0, 11 KOs) took the entirety of 2020 off. He recently returned this past May against journeymen Craig Richards. Bivol would eke out a close decision win on the night. Now, he could be on the verge of landing the opponent he’s yearned for. The post Eddie Hearn Admits Dmitry Bivol Likely Next For Canelo Alvarez: “I Think It’s A Really Good Fight” appeared first on BoxingInsider.com.

Eddie Hearn Admits Dmitry Bivol Likely Next For Canelo Alvarez: “I Think It’s A Really Good Fight”

By: Hans Themistode

Time isn't exactly on the side of Canelo Alvarez and promoter Eddie Hearn. With the Mexican star failing to negotiate terms for an undisputed showdown against IBF super middleweight titlist Caleb Plant, team Alvarez has reportedly elected to move on.

Under normal circumstances, the unified 168-pound champion has primarily fought twice a year, both being on Mexican holidays in May and September. Alvarez (56-1-2, 38 KOs) took care of business on Mexican Labour Day weekend this past May, stopping Billy Joe Saunders in the eighth round and relieving him of his WBO super middleweight title.

While the pound-for-pound star would love to keep his tradition going by fighting on Mexican Independence Day weekend on September 18th, Hearn admits that the chances of that happening are getting worse and worse by the day.

“I spoke to Saul a couple times,” said Hearn during an interview with IFL TV. “I think the decision is, do we go on September 18th? The decision has to come any day now.”

With Plant seemingly out of the running for a showdown with Alvarez, Hearn has remained confident in his ability to lineup another high-quality opponent. Although Alvarez has firmly placed his flag in the 168-pound ground, there’s a high possibility that his next contest takes place elsewhere. Presently, IBF middleweight belt holder Gennadiy Golovkin and unified light heavyweight champion Artur Beterbiev, are amongst the select few in the race to Alvarez.

On multiple occasions, Hearn revealed that any of those aforementioned names would make for a great fight against the unified 168-pound titlist.

In the case of Golovkin, the Kazakstan product believes he received the short end of the stick in back-to-back fights with Alvarez. In September of 2017, Golovkin was forced to settle for a split decision draw. With that said, it was ostensible to most of the viewing public that Golovkin should have been given the win.

The two would do it again 12 months later, this time, Golovkin would suffer the first defeat of his career, albeit somewhat controversially. Since then, the 39-year-old has attempted to lure the Mexican star back into the ring.

As for Beterbiev, Hearn has stated on numerous occasions that while the Russian knockout artist is a massive puncher, a matchup against him is one that Alvarez “sickly” wants.

Still, despite the credentials of both fighters, Hearn believes another 175-pound titleholder is in the driver's seat as the next opponent for Alvarez.

“I think [Dmitry] Bivol is the fight,” admitted Hearn. "He’s ready, obviously, we promote him. They want the fight and have been looking for that breakout fight. I think it’s a really, really good fight, a tough fight. We’ll have to see.”

Bivol, 30, has long craved a matchup against Alvarez. The WBA light heavyweight belt holder may have walked through his competition up until this point but he’s struggled as of late with activity.

After appearing in the ring only twice in 2019, Bivol (18-0, 11 KOs) took the entirety of 2020 off. He recently returned this past May against journeymen Craig Richards. Bivol would eke out a close decision win on the night. Now, he could be on the verge of landing the opponent he’s yearned for.

The post Eddie Hearn Admits Dmitry Bivol Likely Next For Canelo Alvarez: “I Think It’s A Really Good Fight” appeared first on BoxingInsider.com.

Source : Boxing Insider More   

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.