Golden Boy Promotions, owned by Oscar De La Hoya, has taken legal action against Ryan Garcia, along with his attorney and advisor, Guadalupe Valencia. Let's find out the reason behind this!
The lawsuit initially requested mediation proceedings to resolve the alleged contractual breaches, with a deadline set for Golden Boy to address the violations.
However, Golden Boy chose to respond with a lawsuit instead, bypassing the proposed mediation.
Golden Boy Promotions filed the lawsuit against Ryan Garcia following a demand letter from Garcia's legal team, alleging violations of the promotional agreement and California and federal laws that nullify the contract.
Through this legal filing, Golden Boy Promotions aims to ensure that Ryan Garcia and his team fulfill the remaining obligations outlined in his contract.
It is emphasized that Ryan himself previously praised the contract as "one of the most lucrative boxing deals for a prospect in the history of the sport."