Photo by Hermes Rivera on UnsplashBIZCanelo Alvarez Files Lawsuit Against DAZN, Golden Boy Promotions and Oscar De La Hoya Alvarez filed the suit in federal court Tuesday with the claim that DAZN, Golden Boy Promotions and De La Hoya did not follow through on contract terms for an 11-fight, $365 million deal. by Candace Cordelia September 9, 2020 Saul “Canelo” Alvarez made headlines and became a trending topic on social media Wednesday morning, following his decision to sue subscription sports streaming platform DAZN, Golden Boy Promotions and Golden Boy CEO Oscar De La Hoya for breach of contract.ESPN reports that the 30-year-old professional boxer filed the suit in federal court Tuesday with the claim that DAZN, Golden Boy Promotions and De La Hoya did not follow through on contract terms for an 11-fight, $365 million deal previously sanctioned back in 2018. Alvarez alleges that his lawsuit “arises from the breach of the single largest contract in this history of boxing, and one of the largest in all of sport.”The suit reads, “After extended discussions between the parties, DAZN offered to pay Alvarez and Golden Boy Promotions a fraction of the contracted $40 million license fee in cash and some DAZN stock in advance of a potential IPO. However, the entire value package — for a bout against another World Champion — was substantially less than Alvarez’ contractual guarantee.”It further states, “Given that DAZN had made it clear that it would not honor its contract, throughout the spring and summer of 2020, Alvarez repeatedly asked Golden Boy Promotions to explore alternative broadcast options for a fall 2020 bout. Although Golden Boy Promotions reported it was talking to various broadcasters, it failed to put forth a single alternative plan by which it would pay Alvarez the $35 million it had promised him for each of his fights.”In a statement to The Athletic, Alvarez said that he refused to “let failures of my broadcaster or promoters keep me out of the ring.” “I filed the lawsuit so I can get back to boxing and give my fans the show they deserve,” he added.Golden Boy Promotions spokesperson Stefan Friedman told ESPN in a statement that the Los Angeles based boxing and MMA promotion firm is not to blame for Canelo’s dissatisfaction regarding his multi-fight contract. “Contrary to the complaint, Golden Boy has an equal approve right over Canelo’s opponents,” he said, adding, “Nobody from Golden Boy ever promised anyone that Canelo would fight any specified opponent. We simply agreed to put on the kind of premiere, history-making fights we worked on together in 2019.”“Canelo’s beef is with DAZN,” Friedman asserted. “They’re the ones refusing to honor the contract by not approving the outstanding opponents we have presented to them and by refusing to pay the contractually required amount.”As of Wednesday, DAZN has not made a statement regarding Alvarez’s lawsuit.Anyone interested in reading parts of Canelo Alvarez’s lawsuit can find pages of it on talkSport.com Online Boxing Editor Michael Benson’s Twitter account. Post Views: 327The following two tabs change content below.BioLatest PostsCandace CordeliaCandace Cordelia has been an on-camera interviewer and writer for In The Zone since the Summer of 2020. Candace's journalism experience includes writing for the New York Daily News and ABC Radio, where she also conducted celebrity interviews and audio production/editing for ABC Radio's national radio affiliates across the country. Her on-camera experience involves working as a backstage/in-ring interviewer with a number of independent wrestling promotions and as an actress. Candace is dedicated to bringing combat sports and eSports news to the In The Zone universe.Latest posts by Candace Cordelia (see all) From Inspired to Being an Inspiration: Sports Broadcaster & “The Morning Roast” Host Kate Scott (VIDEO) - December 21, 2020 Filmmaker Kyle Thrash Documents Philadelphia Eagles’ Super Bowl Win Through the Eyes of Fans in “Maybe Next Year” (VIDEO) - December 14, 2020 EXCLUSIVE: Los Angeles Chargers DE Isaac Rochell Supports Low-Income Families on Thanksgiving With 450 Free Meals (VIDEO) - December 1, 2020 Grammy-nominated Blackway has dreams come true with NFL’s Songs of the Season - November 17, 2020 Related TopicsBoxingboxing promotionsBusinessCanelo AlvarezcontroversiesDAZNESPNGolden Boy PromotionslawlawsuitslegalNewsOscar de la HoyaSaul Canelo AlvarezThe Athletic Click to comment You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment.Newsletter SubscriptionCan't Miss Posts! No Shame in Their Game – Female Mixed Martial Artists Use Onlyfans to Make Money by Brandon Berrios | posted on December 4, 2020 You Know I’m Right, Episode 69: WFAN’s Al Dukes (Audio/Video) by Nicholas Durst | posted on January 12, 2021 The Most Catastrophic Boat Trip Since the Titanic; the New York Giants by John Venezia | posted on October 4, 2020 You Know I’m Right, Episode 68: WFAN’s Gregg Giannotti (Audio/Video) by Nicholas Durst | posted on January 7, 2021 Dwayne Haskins Cut By Washington: What’s next for the young QB? by Brandon Berrios | posted on December 31, 2020More in BIZ Crave the New Al Dukes Boring BeerAl Dukes is the executive producer for the Morning Show with Boomer & Gio... Super Teams: Good or Bad for the NBA?Looking back at Super Teams in the NBA I recently just finishing watching The Last... You Know I’m Right, Episode 70: NHL.com’s Dan Rosen (Audio)On the 70th episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... You Know I’m Right, Episode 69: WFAN’s Al Dukes (Audio/Video)Nick Durst and Joe Calabrese are joined by Al Dukes for an interview about... Iman Shumpert and Teyana Taylor Reveal Birth of Baby Number Two The 2020 NFL Kickoff to celebrate 101st season Thursday