SAUL ‘CANELO’ ALVAREZ’S £300million DAZN contract – the biggest in sporting history – was cut short last year after just three of the 11 bouts had been completed.
The Mexican parted ways with the broadcaster and his promotional outfit Golden Boy – fronted by Oscar de la Hoya – after a dispute over the terms of the deal.
It lasted less than two years having been struck before his fight against Rocky Fielding at the end of 2018.
The only other fights he undertook while the contract was ongoing were against Danny Jacobs and Sergey Kovalev.
And he has now opened up about the reasons why he decided it was time to leave the lucrative contract and become a free agent.
Speaking to In Depth with Graham Besinger, he said: “Look, I don’t like to talk much about people, but I’ve been a very loyal person, always. And I was very loyal, always with Golden Boy. [De La Hoya] is not Golden Boy. He doesn’t do anything in Golden Boy. He’s worried about drinking, and being involved in other thing.
“The decisions are made by other people. When Richard Schaefer left Golden Boy, he took all the boxers to PBC. He took all of them. And he also wanted to take me – and I was the only boxer that stayed with Golden Boy, because I’m a loyal man.
“But then, later I understood why everyone had gone and why Richard Schaefer left. Because those who are in Golden Boy, they are only looking after their own benefit, not the boxer’s benefit.
“There’s no loyalty there [in Golden Boy]. None. They don’t even know what that is. We were involved in a lawsuit in Miami [with All Star Boxing], which I think we would win because they were lying about everything.
“So we won the lawsuit, but the jury determined that I indeed wasn’t under contract, but I had to give [All Star Boxing] eight million dollars. But before that, when I signed before the fight with Cotto with Golden Boy, I came to an agreement with [Golden Boy on the All Star lawsuit].
