Sport Canelo Alvarez, DAZN meet with mediator; new deal offered: report
Oracle, TikTok, and the Trump administration have reportedly 'tentatively' reached a deal. Here's everything we know about the partnership that could save TikTok from Trump's threats of a US ban.
Many details of the deal are still unknown, but it appears to satisfy some of the US government's national security concerns while making few changes.Oracle, best known as the leading provider of database software and a $187 billion tech titan in its own right, is the unlikely and unexpected partner the Beijing-based ByteDance has chosen to resolve the matter. But the company emerged as the winner this weekend, after Microsoft confirmed Sunday that its bid for TikTok was turned down.
Canelo Alvarez, Golden Boy Promotions and DAZN might find common ground after all.
The Athletic is reporting that representatives for the three parties – including lawyers – met with a mediator for 10 hours on Tuesday, which was described as calm.
DAZN reportedly offered Alvarez a restructured deal by which the fighter would earn a base of $20 million plus a percentage of money generated by additional DAZN subscriptions.
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As gets set for what potentially could be a life-altering opportunity with the UFC, it’s worth taking a minute to remember he was half of the tandem who helped legitimize Bellator in the mixed martial arts world. The promotion debuteThe promotion debuted in 2009, right around the time the bubble from the UFC-driven boom years was bursting. The IFL and Elite XC burned through millions of dollars and went out of business. As did Affliction, except it burned more money faster. The UFC had snapped up the WEC and the remnants of PRIDE and the WFA. Strikeforce had a few more memorable years to go but eventually also was devoured by the Zuffa monster.
Alvarez had been guaranteed $35 million per fight, as per his original contract.
The new offer also addresses the issue of opponent approval, which reportedly would be shared under the restructured deal.
DAZN reportedly had refused to pay him his full guarantee unless he fought what the streaming serviced deemed a premium opponent. That included Gennadiy Golovkin but not super middleweight titleholders Billy Joe Saunders or Callum Smith, who are top-level fighters but not the type of draws DAZN seeks.
Alvarez is mulling the offer, according to The Athletic.
The Mexican star, who hasn’t fought since November, sued Golden Boy and DAZN for at least $280 million for breach of contract but the suit was dismissed over a technicality. He could refile – he has a Monday deadline, The Athletic reported – or come to terms with his handlers.
A Russian MMA fighter scored a rare, up kick knockout by thrusting his heel into his opponent's chin while his back was on the canvas
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Brandon Figueroa is called "The Heartbreaker" because of his boyish good looks, but he's spent his career beating the hell out of older men.That's according to one of boxing's youngest world champions Brandon Figueroa, a 23-year-old fighter who defends the regular WBA super bantamweight title at the Mohegan Sun Casino in Connecticut on September 26.