News

Canelo Alvarez wins appeal against former promoter

Canelo Alvarez wins appeal against former promoter

Alvarez won an appeal in the Florida District Court of Appeals for Miami-Dade County when it set aside an $8.5 million judgment a jury ruled he had to pay former promoter Felix "Tutico" Zabala Jr. of All Star Boxing following a two-week trial in June 2016.

"We conclude that the jury's verdict of $8.5 million in damages for unjust enrichment was speculative and is not supported by substantial competent evidence," the appeals court wrote in its 16-page ruling filed Thursday.

Although the $8.5 million judgment was vacated, the court ruled that Alvarez will still have to pay some sort of compensation to Zabala, though the amount has not been specified.

In 2011, Zabala, who originally brought Alvarez from Mexico to fight in the United States, filed suit against Alvarez and Golden Boy Promotions contending that he had signed Alvarez to a four-year promotional deal in 2008 and that Golden Boy interfered and stole the fighter, who has gone on to become one of the biggest pay-per-view attractions in boxing.

A Golden Boy Promotions spokesman told ESPN.com that Alvarez had no comment on the ruling because he was focused on Saturday's rematch with Golovkin.

Source: www.espn.com
Please Help Us Keep this Site Running

Thank you for the donation

 
 
 
Powered by Stripe
Subscribe to our Newsletter

Latest News, Photos & Videos