carl frampton losses

The loss was attributed to figures given for sales and expenses, and a refusal to allocate £333,000 as sponsorship, the court heard. ", When told there are no contemporaneous accounting documents for the fight, he said: "I can't help you with that, you may ask the accountants.". According to counsel for the boxer, Gavin Millar QC, a clause prohibited his client from any other promotional contracts. Mr Frampton, 33, is suing his ex-manager and Cyclone Promotions for alleged withheld earnings of up to £6m. Boxing manager Barry McGuigan today branded High Court claims that he had Carl Frampton tied to a so-called slave contact as "nonsense". Find out more about cookies In September 2014 Mr Frampton defeated Kiko Martinez in front of a crowd of up to 16,000 at Belfast’s Titanic Quarter to take the IBF world super-bantamweight title. “Obviously we gave him the best opportunity, but I’m not sitting here and saying we didn’t want to be protected ourselves given the efforts we put in too.”, When it was put to him that his son Blain was named promoter to avoid any questions about a potential conflict of interests, he responded: “I disagree, there was no conflict, we got him the very best opportunities and he got the best results. The two sports stars are locked in a legal battle over the acrimonious ending of their partnership in 2017. He also denied manipulating figures to declare a loss from Mr Frampton's world title contests staged in Belfast. Ticket sales, purse fees and sponsorship arrangements for some of the boxer's big hometown shows in Belfast also came under scrutiny. He insisted: "We never tried to pull the wool over Carl Frampton's eyes, ever.". He also denied manipulating figures to declare a loss from Mr Frampton's world title contests staged in Belfast, Never miss a thing from Belfast and beyond - sign up for FREE updates direct to your email inbox. Mr McGuigan insisted the arrangement provided the "flexibility" for the boxer to work with other promoters. But Mr McGuigan maintained: "That is not true. Two-weight world champion Carl Frampton says loss to Aberdeen’s Darren Traynor would end his boxing career. ©JPIMedia Publishing Ltd. All rights reserved. explains more about how we use your data, and your rights. “I’m going to have to sound like a broken record, but that was not my domain,” he said. The loss was attributed to figures given for sales and expenses, and a refusal to allocated £333,000 as sponsorship, the court heard. Barry McGuigan has denied stealing money from the boxer Carl Frampton during their time working together. But the barrister cited a term Mr McGuigan used in his memoir about an arrangement from his own boxing days. Mr McGuigan rejected allegations that the fighter was under “lock and key” at the height of his career to stop him from exploring other opportunities. On January 28, 2017 Frampton lost by majority decision (MD) to Leo Santa Cruz. He was told that it would would have been in the boxer's interests to see what other deals were on offer. Both men deny the respective allegations against them. "I'm going to have to sound like a broken record, but that was not my domain," he said. He also denied manipulating figures to declare a loss from Mr Frampton’s world title contests staged in Belfast. It was then put it to him: “Your evidence on this is not true, and you did receive sponsorship income, and you’re just trying to keep it out of the accounting for this fight for the purposes of these proceedings.”, But Mr McGuigan maintained: “That is not true.”, This website and its associated newspaper are members of Independent Press Standards Organisation (IPSO). “It is a slave contract, isn’t it Mr McGuigan?” he asked. He insisted: “We never tried to pull the wool over Carl Frampton’s eyes, ever.”. "It worked both ways," Mr McGuigan answered. “(The IPA) copper-bottom guaranteed cast-iron rights over the rest of his career for nearly five years,” Mr Millar submitted. "It is a slave contract, isn't it Mr McGuigan?" “It’s lock and key, isn’t it?” he suggested. “You might as well have put the handcuffs on him.”. He suggested the boxer might have been tempted by a "bigger, better promoter", and that the manager wanted to prevent that happening. The two sports stars are locked in a legal battle over the acrimonious ending of their partnership in 2017. “We tried very hard, we did everything we could to get sponsorship, but it’s very difficult to come by these days, it’s just nigh-on impossible unless you’re Anthony Joshua,” Mr McGuigan said. He also denied manipulating figures to declare a loss from Mr Frampton’s world title contests staged in Belfast. The court heard the deal involved the rights to Mr Frampton’s fights for three years, and could potentially be extended by nearly two more years. Mr McGuigan replied: “”No, we didn’t manipulate the figures, no.”, When told there are no contemporaneous accounting documents for the fight, he said: “I can’t help you with that, you may ask the accountants.”. "(The IPA) copper-bottom guaranteed cast-iron rights over the rest of his career for nearly five years," Mr Millar submitted. He insisted: “We never tried to pull the wool over Carl Frampton’s eyes, ever.” He was told that it would would have been in the boxer’s interests to see what other deals were on offer. by Sean Wallace. Sales at the venue were said to have been £485,000, with the company having £557,000 worth of the tickets. Referring to figures given for the contest, Mr Millar said a loss of £120,000 was reported on declared income of £1.3m. BoxRec.com uses cookies to make the site simpler. That’s it.”. "It's lock and key, isn't it?" Our. “You manipulated the figures to make it look like this fight was loss-making, when in fact it wasn’t.” the barrister said. Boxer Carl Frampton did not gain “a single cent” in tax from title bouts in America, the High Court heard on Thursday. ©BoxRec : data may be incomplete/inaccurate "Obviously we gave him the best opportunity, but I'm not sitting here and saying we didn't want to be protected ourselves given the efforts we put in too. Carl won by technical knockout (TKO). Carl Frampton to fight Jamel Herring by the end of 2020, Barry McGuigan defends stars being charged thousands for Carl Frampton tickets, Barry McGuigan says allegation he kept money from Carl Frampton "ludicrous", Sign up to our newsletter and download our App, Belfast police probing six alleged attacks against young women make arrest, "He has been taken to Musgrave Station for questioning", First Minister Arlene Foster speaks out on Northern Ireland hotels, nurseries and wakes, She was speaking at a press conference on Thursday evening, Belfast bike stabbings investigation team releases new images, The images were released "following analysis of a huge amount of CCTV recordings", All the new coronavirus announcements made in Northern Ireland today, An enhanced list of close contact services has been released and funding detailed, The real faces behind Co Down seaside town navigating coronavirus storm together, They're fighting fit and prepared for round two, Essex lorry deaths trial told 999 caller reported alleged people-smuggling drop two weeks before, "As I looked I was shocked to see people jumping out the lorry", Coronavirus breakdown for Northern Ireland shows 201 people are now in hospital, There have been four more deaths according to the Department of Health, Cocaine believed to be worth more than £100,000 seized in Belfast, Meet the artist behind the brilliant Ted Hastings mural in Belfast, The mural became a viral hit, with even Line of Duty star Vicky McClure voicing her appreciation for the artwork, Arlene Foster reveals heartwarming story about customers at Co Down restaurant, The Bull and Claw restaurants in Newtownards and Donaghadee thanked their generous customers who paid in full on a half price night, Police investigating Belfast stabbings release new images, Financial support for businesses hit by Covid restrictions announced, The scheme opens for applications on Monday, McGuigan 'could have secured Frampton's dream of Windsor world title fight', Completing six days in the witness box, the boxing manager said of Mr Frampton: "He was like one of the family. ", DoH reports four further Covid-19 deaths and 763 new cases, In the last seven days, a total of 6,394 individuals have tested positive for the virus, Man's body recovered after search operation at Ormeau Bridge, The emergency services closed a section of the Ormeau Road and Ormeau Embankment, Experts explain why NI pubs and schools are being closed, Infection in schools are low but parents at gates could be an issue, East Belfast restaurant owners 'frustrated and worried' over new restrictions, The owners of Fit Food Kitchen and the Hoose Bistro say that more help is needed for restaurants and bars that are forced to close. It was put him that at that point in Mr Frampton’s career, having just won a world title, he could have “tested the market” for promotional opportunities. In a counter-suit, Mr McGuigan is claiming against the Belfast-born boxer for breach of contract. It was then put to him: "Your evidence on this is not true, and you did receive sponsorship income, and you're just trying to keep it out of the accounting for this fight for the purposes of these proceedings."

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