Canelo Alvarez

Jury awards All-Star Boxing $8.5 mil in Canelo contract dispute.

On Monday, A jury in Florida awarded All-Star Boxing promoter Felix Zabala Jr. $8.5 million in damages in his breach of contract lawsuit against middleweight champion Canelo Alvarez.

Zabala contended that he signed Alvarez to a four-year promotional deal in 2008 after bringing Canelo to the U.S to fight and that Golden Boy interfered and stole the fighter who is now one of the biggest stars in the sport generating millions of dollars each time he fights.

After a five year trial, the jury found that All-Star did not have a valid contract but did find that Canelo unjustly enriched himself and awarded Zabala the damages.

Golden Boy was cleared of any wrong doing and released the following statement.

 “We are extremely pleased that not only did the jury find that no contract ever existed between Canelo and All-Star Boxing, but issued a judgment against All-Star Boxing and ordered them to pay Golden Boy’s substantial legal fees.

Over the last five-plus years, many questioned why we wouldn’t just settle the case before trial. The answer is simple: We would not be extorted. It was clear from the beginning that neither Canelo Alvarez nor Golden Boy Promotions had acted inappropriately in any way. We are grateful that the jury was able to see that.

However, it is absurd to think that All-Star Boxing provided anywhere near that amount of value that the jury awarded under a separate claim. We will appeal this part of the decision, and are confident we will win, just as we did on the contract dispute.”

Outside of appealing the financial damages, we now look forward to putting this episode behind us and working with Canelo Alvarez to continue his meteoric rise though the boxing ranks.”

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