Pacquiao Settles Lawsuit With De La Hoya & Golden Boy: Analysis… Who Won?
Published May 31 2011 by: Jake Emen | Follow us on Facebook & on Twitter
But Which Side Won - Pacquiao or Golden Boy?
Manny Pacquiao has settled his defamation lawsuit against Richard Schaefer and Oscar de la Hoya on confidential terms. In connection with the dismissal, Mr. Schaefer and Mr. De la Hoya made the following statement:
“Richard Schaefer and Oscar de la Hoya, on behalf of themselves and Golden Boy Promotions, wish to make it crystal clear that we never intended to claim that Manny Pacquiao has used or is using any performance enhancing drugs, and further state that we do not have any evidence whatsoever of such use.
“Manny Pacquiao is one of the greatest fighters of all time, and we apologize if anyone construed our prior remarks as in any way claiming or even suggesting that Manny uses or has used performance enhancing drugs.”
Pacquiao vs. Golden Boy Lawsuit Analysis
Credit: Icon SMI
Judging from the statement that was released, and can be read above, it seems like what went down can be said as follows... Golden Boy, including Oscar De La Hoya and Richard Schaefer, agreed to apologize publicly and lose face in that regard. Behind the scenes, they agreed to not interfere with the upcoming Pacquiao vs. Marquez III bout scheduled for the fall.
With their current deal with Marquez, even though he isn't under contract with them exclusively, they had the right to match any offer made by another promoter. That means they could have matched the $5 million guarantee, and put together a different bout for Marquez, blocking Pacquiao and Bob Arum's preferred fall opponent. Instead, I'd wager that all is a go at 100% for Pacquiao-Marquez III with this out of the way, and with Oscar's public apology, no monetary compensation or other settlement had to take place.
Also serving as a recent hiccup between the two organizations was the attempt of Golden Boy to sign Nonito Donaire, while Top Rank said he was still under contract. That could have potentially been a chip on the table in the discussions.
But that's just some analysis and a potential option for what went down with the Pacquiao defamation lawsuit. Not too much can be gained from the statement itself. What it means for Floyd Mayweather, or a potential Pacquiao vs. Mayweather bout, is anybody's guess. If Top Rank and Golden Boy are "playing nice" however, it could boost the outlook of getting that done perhaps for the beginning of 2012.
pacman and the boxing fans won.
Who Won?? Only a moron would fail to recognize who won or lost on this settlement! To the writer: Ask a bunch of Grade 3 students on who won and they’ll be perfect in giving you the correct answer! Golden Boy & Co. stooped down and were brrought down to their knees by this ultra smart move by Pacquiao. To clarify also, Golden Boy didn’t make a counter offer to match Pacquiao Marquez because THEY CANNOT AFFORD PAY $5M +PPV + rematch of $10M + PPV. In order words, if they didn’t give way, THis is equivalent to GOLDEN BOY GOING BANKKRUPT AND LIQUIDATING ITS PRESENCE IN BOXING?? ON this settlement, their is a financial settlement which Pacquiao and Golden Boy didn’t want to make public, because it may further embarrassed Golden Boy as their cash reserves have gone into a free fall. RIght now the MAYWEATHER CLAN should be pissing and pooing in their pants as the Fearsome Prominent Lawyer and Lawyerfirm of Pacquiao is 190% focused on setting a Trial Date to finally put the final nail on the coffins of the Mayweathers. Heard a bunch of damages triple the worth of the Mayweathers’ net worth are being served which will make the Mayweathers clan apply for a space in the Homeless section in LA Skid Row. What a bunch of total losers, cowards, liarS,cheats and and now homeless scumbags!
Manny should demand that Golden Boy should drop the co-promotion claim, since they are not protecting Paquioa’s name and character.
While it is thier job and obligation to moraly promote him, they don’t even have a contract with Gayweather.
NO MAS!……up to now Oscar is not satisfied giving up on his stool inside the ring….Oscar wanted to lose face outside the ring too!
oscar and richard retracted their accusations against manny prefer to lose their credibility than to lose lots of money in court.it seems the writer prefers to have his money over integrity.