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News Mar 21, 2022
Photo courtesy of r Mike Moss/Wikimedia Commons (CC BY 3.0)
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Middleweight boxer Gennadiy Golovkin is suing Golden Boy Promotions, alleging the company established by Oscar De La Hoya in 2002 owes at least $3 million beyond what has already been paid to the plaintiff for his 2018 middleweight championship match against Canelo Alvarez.
“This case involves a blatant disregard for the contractual and fiduciary obligations of Golden Boy Promotions toward a prominent fighter, Gennadiy Golovkin, and is illustrative of how certain promoters … mistreat even the most prominent of fighters,” according to the lawsuit the 39-year-old Golovkin filed Friday in Los Angeles Superior Court through his company, GGG Promotions LLC.
Golovkin, a Kazakhstani, seeks at least $3 million in compensatory damages, plus punitive damages.
A Golden Boy Promotions spokesperson declined to comment on the lawsuit.
Golovkin and Alvarez met in the September 2018 rematch in Las Vegas a year after the two fought to a draw. Alvarez, now 31, won the second bout by a majority decision.
“Despite the financial success of the event, substantial funds were not timely paid over to GGG by Golden Boy,” the suit states.
Golovkin alleges that it took Golden Boy Promotions, which co-promoted the match with GGG Promotions, three years to pay him the $9 million he was due for the fight and he now wants interest because of the delay.
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