According to Dan Rafael of espn.com, Tuto Zabala’s All-Star Boxing is attempting to garnish $8.5 million from Canelo Alvarez purse from his May 6 bout with Julio Cesar Chavez Jr., after All-Star Boxing was awarded a judgement earlier this year.
It took five years for Zabala’s breach of contract suit to wind its way through the court, but he was awarded the $8.5 million judgment — plus 4.75 percent annual interest — against Alvarez in June, although the jury did not award anything to Zabala on his charges that Golden Boy tortuously interfered with his contract. The court’s final judgment was entered on March 24.
“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,” Brito wrote in the motion, a copy of which was obtained by ESPN.
Alvarez is appealing the jury verdict.
“Lacking any significant fighters to promote and desperate for publicity, All Star Boxing has decided to employ an improper legal tactic that has no chance at succeeding but has garnered a cheap headline or two,” Golden Boy spokesman Stefan Friedman said in a statement to ESPN. “We are fully confident that Canelo will prevail in his appeal and be cleared — just as Golden Boy was — forcing All Star Boxing to scramble for relevance in some other way.”
