Los Angeles, CA: Canelo Alvarez has filed a lawsuit against both international streaming service, DAZN, and his boxing promotional company, Golden Boy Promotions, for the remaining $280M left on his contract. The lawsuit, which also demands payment for punitive damages and legal fees, claims a breach of contract from the two parties. The pandemic has obviously created a massive issue as it relates to earning revenue with high-profile fights and having the opportunity to place fans in the stands. Clearly, certain fighters don’t care about others’ financial concerns and cannot handle a delay or decrease in pay, even when that payment is a minimum of $70M annually. Alvarez (53-1-2, 36 KOs) has not fought since his eleventh round knockout of former three-time unified Light Heavyweight Champion, Sergey Kovalev (34-4-1, 29 KOs) back in November 2019. Undoubtedly, the presence of this lawsuit will now delay his immediate return to the ring, which was planned before the end of 2020.
–Mike Feinberg, TFN Reporter
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