Golden Boy files $50mil lawsuit vs Schaefer

[Diamond Jim]

On my phone so I can't link but Rafael just posted story to his twitter page.

 

[Shael]

 

[number9dream]

Always been confused by this... what kind of phone can you post from but not links?

On phone, so can link:

http://m.espn.go.com/extra/boxing/story?storyId=11141594&src=desktop

 

[Sunfish]

"Last week, Golden Boy filed an arbitration for $50 million in damages against Schaefer, who resigned as CEO earlier this month, a source with knowledge of the filing told ESPN.com on Thursday.

Other than the dollar figure it is asking for, it is unclear what Golden Boy is accusing Schaefer of, although much of the public discussion surrounding his leaving the company has centered on the fact that he regularly put fighters advised by Al Haymon on major cards even though Golden Boy did not have them under promotional contract, which angered De La Hoya."

Rafael hasn't really revealed anything either in the bit I quoted or the full story. He would be better off waiting until he knows what's going on in full (or can reveal what's going on in full without being sued) before breaking a story.