It took five years for All-Star Boxing to get its former client, Saul 'Canelo' Alvarez in a courtroom to settle their longtime promotional dispute. The Miami-based outfit doesn't have any intention of waiting nearly as long to collect on that outstanding debt.
More than 10 months after a Dade County jury ruled that Alvarez breached his contract with his former promoter, a Writ of Garnishment motion has been filed by All-Star Boxing against all financially vested parties involved with Alvarez' May 6 showdown with Julio Cesar Chavez Jr. Writs of Garnishment court orders have been issued to Golden Boy Promotions, Home Box Office (HBO), the T-Mobile Arena in Las Vegas - which hosts the event - and MGM Grand Hotel, LLC in efforts to force Alvarez' side to pay the $8.5 million settlement.
"Defendant Saul Alvarez has failed to pay the amount of the Judgment as set forth in the Order and it does not appear that Defendant has in his possession sufficient visible property on which a levy can be made to satisfy a judgment," Alejandro Brito, lead counsel for All-Star Boxing stated in the filed motion, contained within a 14-page court order of which FightNights.com has secured a copy. "All-Star Boxing has reason to believe that the Garnishees, Golden Boy Promotions, LLC, MGM Grand Hotel, LLC, T-Mobile Arena, and Home Box Office Inc., have in their possession or control goods or money belonging to (Alvarez)."
Even if forced to pay out from his guaranteed fight purse, Alvarez still won't go home empty-handed. The former two-division world champion (though technically still a super welterweight titlist, as he plans to make a final decision on such status following his May 6 clash) will reportedly earn at $10 million for the highly-anticipated all-Mexico grudge match with Chavez Jr. according to ESPN.com senior writer Dan Rafael.
All-Star Boxing signed Alvarez to a four-year promotional deal in 2008, when Alvarez (48-1-1, 34KOs) was all of 18 years old but already three years into his pro boxing career. Ironically, Alvarez’ first fight under a reported four-year contract with All-Star Boxing came on a show promoted by Golden Boy Promotions, when he defeated Larry Mosley in Oct. ’08. The moment also served as Alvarez’ stateside debut and his first appearance on U.S. television, with the bout airing live from California on Telefutura (now UniMas), having fought exclusively in his native Mexico prior to that point.
Two months later, the red-headed boxer appeared on a show in Florida as part of a card televised on Telemundo, with whom Felix ‘Tutico’ Zabala Jr., head of All-Star Boxing, has enjoyed a lengthy relationship. In all, Alvarez fought under the All-Star Boxing banner for nine fights, all coming in a span of just over 13 months. The final fight in which All-Star Boxing remained a part of Alvarez’ career came in the boxer’s 12-round points win over Lanardo Tyner in Dec. ’09.
It was that point when All-Star Boxing – which claims to have invested more than $180,000 into Alvarez’ career over the course of those nine bouts – believes Golden Boy entered the picture and according to previous court documents, “induced Alvarez to breach his agreement and enter a separate multi-year promotional contract for the promotion of Alvarez’ future fights.”
A lawsuit claiming breach of contract (Alvarez) and tortious interference (Golden Boy Promotions) was filed in 2011, shortly prior to Alvarez' vacant title fight versus Matthew Hatton. The case was pushed back more than five years, often with the excuse that Alvarez requested the case took place after a fight and while he wasn't in training camp for the next one.
That moment finally came last May, barely two weeks after his knockout win over Amir Khan at the very T-Mobile Arena which will host his next fight versus Chavez Jr. The case was presented in a Dade County court room for 13 business days, with a final verdict reached on June 13, 2016. Claims levied against Golden Boy were dismissed, but the jury ruled that Alvarez did in fact breach his original promotional contract with All-Star Boxing, who was awarded an $8.5 million settlement - at least on paper.
Alvarez filed a Motion for Directed Verdict, Dismissal For Fraud on the Court, Proceeding on a Sham Pleading and Changing His Testimony To Avoid Summary Adjudication. all motions denied and dismissed earlier this year on March 18. It was also determined upon that ruling that final papers would be served to Alvarez within 45 days to satisfy the outstanding amount, be it paid in full or through other means.
As it has been learned by All-Star Boxing that Alvarez suddenly lacks such assets to pay up, soon thereafter came the Writ of Garnishment filing against Golden Boy, HBO, T-Mobile Arena and MGM Grand Hotel.
Representatives from HBO and Golden Boy each politely declined comment to FightNights.com on the subject.