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Philippines, 24 Nov 2024 |
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CONDES’ PROMOTIONAL CONTRACT A RIP OFF By Ronnie Nathanielsz PhilBoxing.com Thu, 23 Aug 2007  The promotional contract of IBF minimumweight champion Florante Condes which Cezar Trevino of Trevino Boxing claims gives him, Bobby Bostick Promotions and co-manager Dante Ortiz exclusive worldwide rights. looks like a rip-off according to respected boxing man and business manager of Condes, Rod Nazario. To begin with, Condes’ manager Aljoe Jaro didn’t sign the promotional deal since he was abroad when the first and last pages of the contract were faxed to Manila. Because he was being pressured to sign because Ortiz and the American promoters claimed they were negotiating for a fight for Condes, Aljoe Jaro asked Condes to sign in his absence. According to Nazario, Jaro was shocked to find out that the contract which was supposedly presented to Games and Amusements Board chairman Eric Buhain contained an additional 13 or 14 unsigned or unintialled pages in-between. Nazario said “the contract won’t hold water in any court anywhere in the world” adding that these people ”must be crazy.” At the same time Nazario disclosed that the contract was onerous, one-sided and a rip-off in which Condes gets only a guaranteed amount of $12,500 as purse for four fights as champion and $25,000 on his fifth title defense. The contract also stipulates that should the promoters wish to rescind the contract they could do so unilaterally but Condes could not and was effectively tied to them in perpetuity according to Nazario. Trevino arrived in Manila early last week and presented Condes with a check for $9,500 which together with the $3,750 he received in Indonesia amounted to a total of $13,250. Viva Sports/Manila Standard Today is in possession of a document which states that co-manager Ortiz and trainer East who didn’t train Condes at all deducted 26.5 percent from Condes’s purse as the co-managers take and the trainer's fee, in the end leaving the fighter with a mere $5,988.75. Top photo: Condes and his manager Aljoe Jaro in Jakarta prior to the Rachman fight. Click here to view a list of other articles written by Ronnie Nathanielsz.  |
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