Canelo Alvarez sues promoter and DAZN over alleged breach of $350m contract

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Canelo Alvarez, widely considered one of the best pound-for-pound boxers in the world, is suing promoter Oscar De La Hoya and streaming service DAZN over an alleged breach of his $350million contract.

Canelo, who has not fought for almost a year, penned the 10-fight deal in October 2018.

But DAZN have been unwilling to pay him his full $35m purse per fight over a perceived lack of quality opponents, instead offering him half.

Canelo has now filed his complaint in California and is seeking damages of $280m.

He said in a statement: “I’m the pound-for-pound No. 1 in the world.

“I’m not scared of any opponent in the ring, and I’m not going to let failures of my broadcaster or promoters keep me out of the ring.

“I filed the lawsuit so I can get back to boxing and give my fans the show they deserve.”

Part of that lawsuit reads: “Despite repeated promises that an alternative offer was imminent, Dazn failed to make a proposal to either Golden Boy Promotions or Alvarez for several months.

“When Golden Boy Promotions and Alvarez proposed opponents, Dazn refused to confirm that it was prepared to broadcast Alvarez’s September 2020 bout or that it would pay the contract license fee.”

Canelo now looks unlikely to fight this year despite interest from Brits Callum Smith and Billy Joe Saunders.

The Mexican, whose only career defeat came against Floyd Mayweather in 2013, has won world titles at light-middleweight, middleweight, super-middleweight and light-heavyweight.

He endured two back-to-back wars with rival Gennady Golovkin in 2017 and 2018, winning the second after a controversial opening draw.

Neither Golden Boy or DAZN have commented.

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