Canelo is screwed: needs to pay $8 million and is out of WBC rankings

Yesterday was a bad day for Saul 'Canelo' Alvarez. A jury decided in favor of his former promoter Tuto Zabala/All Star Boxing that the Mexican boxing star owes $8.5 million for breaking his contract to sign with Golden Boy. Oscar and company were lucky not to be punished too. On top of that, Canelo's home town organization, the WBC, deleted him from all their rankings after he relinquished their belt. They said it was because he didn't stated on what division he will campaign, but the timing tells another story...sort of like a vendetta to add insult to injury for making them look like fools with the GGG fiasco.

 

The 8.5 Mil will Hurt, but the WBC Will Need Canelo BEFORE Canelo Needs Them...







REED:hammert:

 

He needs to pick a weight class. 155 is not one.

 

That's good he lost. You sign contracts for a reason and you shouldn't be able to just jump ship when it's convenient. If G's wanted him so bad they should have bought him out legally.

 

I know it would have made him uncomfortable but team Canelo should have been forced to pay 160 million.

 

Pounds or Dollars?

 

Prob went like this:

Judge... "Mr. Alvarez, I'll give you a choice. Pay 8.5 mil or fight Golovkin in the fall."

Canelo.... "Who do I make the check out to?"

 

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golden boy was seriously very worried. they got off easy

 

Do they have to pay it immediately or this one of those structured settlement kind of deals? Also do they have right to appeal the decision 70 times?

 

Pesos

 

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