Referee Daniel Weinstein, a former judge of the Superior Court of California ruled Monday that Golden Boy Promotions has violated a prior agreement with Top Rank did not poach each other combatants in signing Donaire, the World Boxing Council / World Boxing Organization bantamweight champion, a promotion agreement of 16 March.
Weinstein informed the parties of his decision on Monday and expected to issue its written decision shortly.
"We had an arbitration under an agreement currently exists between Top Rank and Golden Boy that disputes should be submitted to arbitration in front of the Honorable Daniel Weinstein different," said Top Rank's lawyer, Daniel Petrocelli. "He listened to our request that Golden Boy had violated an agreement between Top Rank and Golden Boy to sign an endorsement deal Donaire, although [Donaldson] was still under contract with Top Rank.
"The judge decided that the Golden Boy is a breach of contract and issued an order that the Golden Boy has ordered, sober, which presumably promotes Donaire at the moment. They can not continue under the contract at this time."
Golden Boy has signed after Donaire Donaire had indicated that he was a free agent and available to sign a promoter of his choice. Donaire was taken of the Nevada court, claiming that he is free from Top Rank, Top Rank, but argues that it is not the case. Petrocelli said the overriding cause is still served Nevada's Donaire.
Reached by telephone, said Golden Boy CEO Richard Schaefer, who currently leads the continent on a promotional tour, the company is not yet ready to respond. "I come and I am unable to comment now," he said.
Top Rank Donaire signed a three-year contract with an option of one year June 26, 2008. But Donaire doctor was suspended for more than 300 days in the first year of the contract. Top Rank says there is a clause in his contract with Donaire that adds time to the market every time a boxer can not perform due to suspension. This time is a common clause in contracts for many fighters.
Consequently, Top Rank argues that his three years hence extends to early June 2012 and the one-year option, which is exercised, Donaire in June 2013.
Weinstein competence is the result of a settlement that Top Rank and Golden Boy agreed in a 2007 case involving the rights to superstar Manny Pacquiao. Pacquiao signed with Golden Boy and Top Rank and sides pursued each other. They agreed to mediate the dispute with Weinstein, who ruled that belonged Pacquiao Top Rank, Golden Boy, but that is entitled to a share of profits fighting Pacquiao.
Golden Boy has filed a federal lawsuit against Top Rank, Top Rank pulled under-reporting income on the fighting and Pacquiao owes more money. This trial is still its way into the system. But as part of the colony in 2007, Pacquiao, Top Rank and Golden Boy has agreed to let Weinstein arbitration disputes which have arisen between them.
