HAVE BLINKY OR CARBO COME BACK TO LIFE?
New York, NY– Boxing has it’s share of bottom-feeders, those who take inflated booking fees to line fighters, mostly opponents who live off the blood and work of both fighters and managers.
As we look back at this 2007 story, we do so because heavyweight Brian Mintothe latest bloodsucker ruling Sleazy Avenue puts his predecessors to shame. Allegedly he not only demands booking fees that often equal one-third the boxers purse, he does so with boxers he has under management contract. RingTalk.com has documents that illustrate Pat Nelson, a 38-year-old unemployed Youngstown resident, has taken tremendous amounts of side money off his own boxers.
BIG NAME BOXERS SAID TO BE SHORTED
Brian Minto, Billy Lyell, Joe Wyatt and 2004 Olympian Devin Vargas all have been in major fights the past year. All appear to have paid Nelson a managers share of their purses, as stipulated in their contracts with him. And all, unknown to them, had money skimmed off the top by Nelson, who demanded side money for the services of his boxers. Such actions not only rob boxers of their rightful purse money, but the boxers trainers take a reduced fee as well.
WHEN TAKING TOO MUCH ISTOO MUCH!, Nelson seems to have committed his deeds in the manner of a buccaneer, openly bragging about taking $25,000 off the top of Mintos purse from Mintos fight with Axel Schulz (a representative of Peter Kohls Universum Promotions has confirmed the secret side deal). When Lyell fought James Kirkland on Showtime, the boxer received $10,000. But the total purse was $15,000 Nelson arranged for a $5,000 side payment. Joe Wyatt was scheduled to fight Julio Garcia earlier this year. The purse total was $11,500, yet Nelson stipulated that only $8,000 be put on Wyatts contract for the fight. When Nelson attempted to sign Vargas with a promotional company, the Youngstown manager demanded a side payment as well.
WHAT HAPPENED TO FEDERAL BOXING LAWS?
Such actions are a blatant violation of federal law, specifically the Muhammad Ali Boxing Reform Act, which prohibits: A manager from having a direct or indirect financial interest in the promotion of a boxer, or from being employed by or receiving compensation or other benefits from a promoter, except for amounts received as consideration under the managers contract with the boxer.
NOT SOMEONE WITH “KOSHER” VERBIAGE
And Nelson gives those of a certain persuasion a verbal kick only a Nazi storm trooper would love. He has directed such remarks toward respected matchmaker Brad Goodman and top manager Cameron Dunkin, according to those interviewed. Those of a much-darker persuasion have been slammed as well.
WILL DUVA BE ANOTHER ONE TO SUE?
The resulting actions will land Nelson in court, perhaps multiple times. Promoter Dino Duva, who has a contract with Minto, has threatened to sue because Nelson took Minto to Germany while leaving Duva out of the negotiations (and money). Nelsons management partner with Minto, Felix DeAlisio of Baltimore, who invested tens of thousands of dollars in Minto, already has begun a lawsuit, as he was left out in the cold. Ohio boxing promoter Mike Powers has contacted a law firm about Nelsons booking of one of Powers boxers in Canada without Powerss consent.
BOXING (BOXERS) CLEARLY DESERVE BETTER
In addition to facing legal trouble, Nelsons actions also bring him in front of boxings court of public opinion. Will German promoters want to do business with a manager who brags of skimming purse money from his boxers on German shows? And, abouth those anti-(you know)remarks? Will U.S. promoters want to risk lawsuits from boxers under contract to Nelson if it can be proven their own manager violated the Muhammad Ali act? Time will tell.
Ring Talk News Service
Note: A number of sources and documents were utilized in the preparation of this story that was penned by a boxing insider. As for the headline Blinky & Carbo , Blinky Palermo and Frankie Carbo, they were two scoundrels who ran boxing in the 50s.