Monday, July 17, 2006
Los Angeles – Today Chris Lighty, CEO of Winky Promotions extended a formal offer to Top Rank Chairman Bob Arum for $1.5 million to provide the services of Antonio Margarito.
Said Winky Wright: “I am ready, willing and able to give Antonio Margarito a chance for a mega fight where he can prove to the world what he is all about. My promotional company Winky Promotions together with Golden Boy Promotions are ready to put together a spectacular promotion”.
Said Golden Boy Promotions President, Oscar de la Hoya: “We believe that this is a fair offer for Top Rank and Antonio Margarito. It is an opportunity for Antonio to get not only a big fight but also the biggest purse of his career. This is what Winky Promotions and Golden Boy Promotions are all about”.
Wednesday, June 14, 2006
Diego Corrales has decided to sue Jose Luis Castillo and Top Rank Inc. over their scheduled fight on June 3rd in which Castillo failed to make weight. The lawsuit states that Castillo was training in a manner that kept him from making weight and that Castillo knew that he wasn’t going to make weight prior to the fight and neglected to reveal the fact. Corrales and his lawyer are seeking over $12 million in damages and lost payment.
Sunday, June 04, 2006
Matthew Hurley of BoxingScene.com by way of FOX Sports has analyzed the aftermath of Jose Luis Castillo’s weight problems and the cancellation of this weekend’s mega-fight because him and Diego Corrales.
The windfall from this disaster will be particularly hard on Castillo. Twice he has now at least appeared to try to gain the upper hand against an opponent by side stepping the rules. Obviously he will move up in weight, but his popularity, not only with the fans but his promoter, Bob Arum — who called his actions “disgusting” — will not put him in good stead in future bouts.
In the end it is Corrales and the fans that suffer. But he will return to fight another day, hopefully against an opponent who grants him the respect he deserves.
Tuesday, May 23, 2006
Top Rank Inc. has sued Golden Boy Promotions over unfair contract terms on promoting Oscar De La Hoya’s recent victory over Ricardo Mayorga. Top Rank CEO Bob Arum estimates that his company is owed at least $3 Million.
Thursday, April 27, 2006
Bob Arum feels that HBO wasn’t repaying him for his loyalty to the company when they decided to air the upcoming Antonio Tarver-Bernard Hopkins fight on June 10th instead of his Top Rank Inc.‘s Miguel Cotto-Paulie Malignaggi bout that same night. HBO had offered Arum a package that would allow his bout to air on June 9th, but Arum refused to take the deal.