De La Hoya, Arum slap Mayweather 'adviser' with $400M lawsuit

Golden Boy Promotions founder Oscar De La Hoya believes that Floyd Mayweather's adviser Al Haymon will only cause harm to boxing in the long run.

Shortly after the Pacquiao-Mayweather showdown a couple of months ago, the retired six-division champion slapped Haymon with a $300 million lawsuit for allegedly violating the Muhammad Ali Boxing Reform Act.

The federal law forbids an individual to act as a boxing promoter and manager at the same time. Haymon simply brands himself as an adviser, but manages over a hundred boxers in his stable and runs a free to watch promotion (Premier Boxing Champions) on free TV.

"They have to think long term. A lot of people aren't recognizing what this man is doing with his company," De La Hoya tells fighthype.com.

"Long term, it's not going to function for boxing and the fighter. He's going to damage it. So I think what we're doing with this lawsuit, I can't speak a lot on it, but for us, boxing is long term."

Bob Arum's Top Rank followed suit with De La Hoya's course of action earlier this month, filing an identical lawsuit against Haymon for $100 million in a United States District Court in Los Angeles, California.

Regarded as one of the most powerful figures in boxing, De La Hoya vowed to protect the sport and safeguard its future.

"They have a very short plan that won't benefit boxing and the boxers, so we have a legal battle that I can't talk about in detail, but I'm always going to defend boxing." - RAF, GMA News