Golden Boy Promotions is preparing to file a lawsuit against powerful boxing manager Al Haymon, his company, Haymon Boxing and mutual fund manager Waddell and Reed, a significant financial backer of Haymon’s Premiere Boxing Champions series, according to Chris Mannix.
The lawsuit alleges Haymon’s business practices are in violation of the Sherman Anti-Trust Act and California’s Unfair Competition laws.
Sources: GBP planning lawsuit against Al Haymon; Association of Boxing Commissions drafting letter to Justice Dept. http://t.co/9A0HqvWQ7i
— Chris Mannix (@SIChrisMannix) April 28, 2015
Golden Boy is seeking monetary damages against Haymon and a temporary restraining order (TRO) followed by a permanent injunction against his business practices that violate federal and state laws.
Golden Boy is expected to contend that Haymon is using his monopoly as a boxing manager—Haymon represents more than 150 fighters, legally creating a vastly larger market share than any other manager—to create another monopoly for promoting TV fights
