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Golden Boy suspended by NYSAC

The New York State Athletic Commission has suspended Golden Boy Promotions for 90 days for violations of the unconsolidated laws of New York. The website Thesweetscience.com first reported it.

Golden Boy was suspended for “deceptive and fraudulent practices in direct violation of the Federal Muhammad Ali Act” for failing to disclose the purse for an undercard.

According to thesweetscience, Nate Campbell and Victor Ortiz, who fought on the Paulie Malignaggi-Amir Khan undercard on May 15, were never told what the purse of the fight was. HBO, which aired the bout, agreed to pay $750,000 for the fight. But Campbell got only $125,000, while Ortiz got just 100,000.

At issue was whether the NYSAC received the promotional contracts for the bout. Golden Boy sent the contracts to the Association of boxing commissions, according to the Daily News.

Citing a fear of Golden Boy’s contracts becoming public record, they sent the contracts to the ABA, rather than the NYSAC, which requested the documents.

"We didn't want our contracts on the public record," Golden Boy COO David Itskowitch told the Daily News. "We have confidentiality clauses in our contract. We want to comply with what we needed to comply with but at the same time, we wanted to protect our agreements."

 

 

 

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