If all parties can work out an agreement (Sanchez, IBF, QP, Hrgovic, opponent), Hrgovic can fight someone else. The IBF has a precedent for being complicit with a mandatory challenger stepping aside multiple times (Murtazaliev).
Endeavour Group Ltd. is an Australian entity. It is not the parent for TKO or the entity (Endeavor Group Holdings, Inc.) Silver Lake took private. The chart in that article is for another entity.
Our feature article today at The MMA Draw is about the TKO/DAZN swap of equity for Everpass.
Consolidation of global sports ownership with Ari Emanuel, Gerry Cardinale, Egon Durban, Apollo, and Mubadala is real.
Liquidity is chasing out paper tigers.
https://t.co/nNiSvZCkIR
Wow! I had Itauma up 80-71 until Hrgovic stopped him. Incredible fight! Hrgovic had multiple opportunities to look for a way out. He stuck with it. The better fighter will always win the bout. #ItaumaHrgovic
This is fantastic. One of the dumbest websites I’ve ever seen. I can’t wait until booking agents, low level managers and fighters start referencing this in negotiations.
https://t.co/kMMUC3tviO
@RBRRadio_ If DKP has the exclusive right to arrange his bouts, that is one thing. If there was an amendment and Mikaelian has the right to arrange bouts, that is another. How could DKP arrange a bout if they did not have the "exclusive" right? Time will tell.
That's one interpretation. If a promoter offered Don King Productions $1000 for Mikaelian's rights, is there an obligation to present it?
Reading some DKP promotional agreements, the fighter grants them the exclusive right to arrange the bouts. Is that Mikaelian's case?
I agree, Don King shouldn't be allowed to do what he wants. In the U.S., under the Muhammad Ali Act, the promoter is responsible for presenting all offers to his fighter.
Noel Mikaelian was not allowed to fulfill his voluntary; instead, the corruption between Don King, Sampson, and the WBC has forced Noel to miss his voluntary and be forced to do a mandatory.
You all are very weird to see past the injustices these fighters face because of the greed and corruption between promoters and sanctioning bodies.
Just remembering another situation where DKP is in court with multiple parties, including Sela, over alleged interference of their promotional interest in a fighter. The fighter withdrew from the bout. DKP is not a pushover, apparently. Let's see what happens.
No way! Zuffa Boxing is preparing to stand down because of litigation? Do they believe the fight would be enjoined? It has not been easy for promoters (and managers) to prove "irreparable harm" to have fights enjoined or percentages of purses in escrow. Maybe DKP has a case?
🚨Developing🚨 I'm being told by sources that Zuffa Boxing has been hitting up matchmakers for a potential Noel Mikaelian replacement in case a Don King lawsuit becomes an issue. #GarciaBenn
@EverythingBoxi2 He did not make anything against Ennis. The fight did not happen.
I was going to charter a jet, but I saved money flying with Frontier (Ryanair).
How much is "much money"? Ortiz' promotional agreement, with purse minimums based on winning the first fight in the agreement, has been divulged. Is that "not much money"? Up to you to decide, obviously.
With fewer equity method investments, TKO's "profits interest" in Zuffa Boxing may be easier to ascertain. They seem to be more concerned with the fees they charge to the JV, though. We'll see.
I don’t think this is anything significant. Redbird, Equity 32, and TKO were looking for an exit. Everpass isn’t a strong business, and there are only so many potential buyers—DAZN being one of them. They’re paying with essentially worthless DAZN equity. The lack of disclosed financial terms is the tell: if the number were impressive, they’d be broadcasting it to anyone who’d listen.
TKO does not "own" Zuffa Boxing. They do not have a capital interest in the JV (yet). They have a profits interest/in-substance equity.
If you provide services and get an equity interest during formation, that is taxable. Becoming a profit member (initially) is a way around that.
Eddeh is doing nothing wrong here...And he was always going to be the first to go against Turki. This was going to happen sooner rather than later. I am sure he loves having Turki funding his fights, but once the TKO deal was announced, it was only a matter of time.