The divorce between 'Canelo' Álvarez and DAZN with 300 million euros at stake

Saúl 'Canelo' Álvarez

, world middleweight champion, played his last fight on November 2 against

.

Since that evening in Las Vegas, the Mexican has not been able to resolve any fight due to the Covid-19 pandemic, despite the multi-million dollar contract that joins him with his promoter and the television platform DAZN.

Fed up with this situation, this Mars finally decided to go to court.

"I am the number one pound for pound in the world. I am not afraid of any opponent and I will not let the errors of my distribution platform or promoters keep me out of the ring," said 'Canelo' on Wednesday after filing a lawsuit in a federal court in Los Angeles.

The legal action is directed against

, owner of Golden Boy Promotions, against the distribution company itself and against the aforementioned DAZN.

In October 2018, Álvarez signed a € 310 million contract with the streaming company, which promised to broadcast 11 fights in five years.

De la Hoya defined that agreement as "the most lucrative in the history of sport."

"We want boxing to be as accessible as possible and at a comfortable price for all fans," added the former legendary Mexican fighter.

30 million per match

However, since then 'Canelo' could only get into the ring three times.

In December 2018, he defeated

by technical KO

in New York, for the World Association super middleweight title;

in May 2019 he won by unanimous decision over

in Las Vegas;

and six months later he knocked out Kovalev at the aforementioned Grand Garden Arena evening.

The fighter from Guadalajara, with two confirmed annual fights, expected to receive almost 30 million euros per fight.

However, the crisis triggered by the global health situation truncated the plans of DAZN and Golden Boy Promotions.

According to the latest leaks, the two parties could not even guarantee Álvarez half of the agreement.

Non-compliance and fraud

"After this demand, I can return to boxing and give my fans the fights they deserve," said Canelo on Tuesday, with a balance of 53 wins in 56 bouts, 36 of them by KO.

His only loss came on September 14, 2013, to

in Las Vegas.

The 24-page lawsuit, accessed by

, alleges, among other reasons, that DAZN and the De la Hoya developer committed breach of contract, fraud, negligent meddling, and breach of fiduciary duty.

Canelo's lawyers put the economic losses of his client at 238 million euros.

Álvarez's astronomical agreement until 2023 was surpassed in recent months by two American athletes.

signed 12 years with the Kansas City Chiefs of the NFL in exchange for 427 million euros and

committed to the Los Angeles Angels of the MLB for 363 million euros.

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