Oscar De La Hoya Still Hopeful of Resetting Everything With Canelo Alvarez

It seems that Canelo Alvarez has a tedious work for him regarding his latest courtroom battle with Golden Boy and DAZN. A U.S. District Court dismissed the lawsuit filed by Alvarez on Friday. Consequently, Oscar De La Hoya now sees this as an opportunity to reset the entire situation.

In the lawsuit, Alvarez has failed to identify the alleged citizenship of the parties involved. The Mexican star had named DAZN North America, Inc., DAZN Media Inc., DAZN US LLC., Perform Investment Limited, Golden Boy Promotions LLC, Golden Boy Promotions Inc., and De La Hoya as defendants.

He is currently seeking damages in excess of $280 million. However, if the four-weight world champion wants to achieve the same, he will have to fill the holes in his lawsuit.

“Absent unusual circumstances, a party seeking to invoke diversity jurisdiction should be able to allege affirmatively the actual citizenship of the relevant parties. As a result, plaintiffs’ allegations are not sufficient to invoke this Court’s diversity jurisdiction,” noted the district judge for the U.S. District Court (as per a copy of the ruling obtained by BoxingScene.com)

Alvarez and his legal team have yet to make a statement. However, the Golden Boy CEO wishes to leverage the setback to his advantage.

Oscar De La Hoya wishes to enter arbitration with Canelo Alvarez and his lawyers

The contract that Canelo Alvarez signed with DAZN was the biggest in boxing history. However, there were certain loopholes in the same which is one of the reasons for the dispute. As revealed by the lawsuit, the contract is actually between DAZN and Golden Boy Promotions. The latter has the responsibility of paying Alvarez.

However, with a global pandemic halting everyday operations, both the parties have had a hard time putting up fights for the Mexican. DAZN wants Alvarez to fight a “premium” opponent once in a year. However, it doesn’t have a “list” of such opponents.

While the contract has issues, De La Hoya wants to exploit a certain clause of it that can help them bring normalcy to the situation.

Irrespective of where the situation goes, the lawsuit has been a big blot on both DAZN and Golden Boy Promotions. Both the parties will look to settle the matter out of court. This was they can stay away from as much legal hassle as possible.