Oscar De La Hoya being Sued over Mayorga Fight

Oscar De La Hoya being Sued over Mayorga Fight

DHB (May 23, 2006)

HBO

According to a report out by Kevin Iole of the Las Vegas Review Journal Top Rank Inc., Bob Arum's boxing promotions company, has sued Oscar De La Hoya, and De La Hoya's company. The argument is stemming from what Top Rank Inc., considers that its rights to try to promote Oscar's fight against Ricardo Mayorga earlier this month were trampled on.

In the suit Top Rank said that it had the right of last refusal on whether to promote the fight. But it said De La Hoya's company, Golden Boy Promotions, offered unfair terms in breach of the spirit of their Feb. 19, 2004 contract.

The lawsuit alleges Oscar and his company Golden Boy breached the agreement by "failing to present to Top Rank an initial reasonable offer with the necessary terms and conditions (and) refusing to negotiate that offer." The lawsuit is also seeking punitive damages.

"They didn't conform in good faith with the terms," said Top Rank chief executive Bob Arum. "They did what they did just to give themselves a way to blow us out of the water. In other words, (they showed) a lack of good faith."

Bob Arum estimated his company is owed at least $3 million for the May 6 bout, De La Hoya vs Mayorga.

Richard Schaefer, Golden Boy chief executive said on Monday he had not seen the lawsuit.

"We will do whatever we have to do to prove we've done no wrong," Schaefer said.