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</html>";s:4:"text";s:4171:"Sales at the venue were said to have been £485,000, with the company having £557,000 worth of the tickets. Referring to figures given for the contest, Mr Millar said a loss of £120,000 was reported on declared income of £1.3m. It was put him that at that point in Mr Frampton’s career, having just won a world title, he could have “tested the market” for promotional opportunities. "We tried very hard, we did everything we could to get sponsorship, but it's very difficult to come by these days, it's just nigh-on impossible unless you're Anthony Joshua," Mr McGuigan said. He insisted: “We never tried to pull the wool over Carl Frampton’s eyes, ever.”. the barrister said. He also denied manipulating figures to declare a loss from Mr Frampton's world title contests staged in Belfast, Never miss a thing from Belfast and beyond - sign up for FREE updates direct to your email inbox. he asked. Rejecting the characterisation, Mr McGuigan replied: "That's a nonsense comment if you look at what happened with his career. The court heard tickets worth just over £1m in total were available for the fight, excluding 855 complimentary seats provided to Cyclone Promotions. Mr McGuigan rejected allegations that the fighter was under "lock and key" at the height of his career to stop him from exploring other opportunities. “It is a slave contract, isn’t it Mr McGuigan?” he asked.  "It's lock and key, isn't it?" As his cross-examination continued on day twelve of the case, Mr McGuigan was pressed on an International Promotional Agreement (IPA) signed in 2015. It was put to him that at that point in Mr Frampton's career, having just won a world title, he could have "tested the market" for promotional opportunities. by Sean Wallace. Ticket sales, purse fees and sponsorship arrangements for some of the boxer's big hometown shows in Belfast also came under scrutiny. According to counsel for the boxer, Gavin Millar QC, a clause prohibited his client from any other promotional contracts. As his cross-examination continued on day twelve of the case, Mr McGuigan was pressed on an International Promotional Agreement (IPA) signed in 2015. “We tried very hard, we did everything we could to get sponsorship, but it’s very difficult to come by these days, it’s just nigh-on impossible unless you’re Anthony Joshua,” Mr McGuigan said. In September 2014 Mr Frampton defeated Kiko Martinez in front of a crowd of up to 16,000 at Belfast's Titanic Quarter to take the IBF world super-bantamweight title. “(The IPA) copper-bottom guaranteed cast-iron rights over the rest of his career for nearly five years,” Mr Millar submitted. “You manipulated the figures to make it look like this fight was loss-making, when in fact it wasn’t.” the barrister said. ", When told there are no contemporaneous accounting documents for the fight, he said: "I can't help you with that, you may ask the accountants.". "I'm going to have to sound like a broken record, but that was not my domain," he said. The court heard the deal involved the rights to Mr Frampton's fights for three years, and could potentially be extended by nearly two more years. 12/08/2020, 10:49 am. Mr McGuigan insisted the arrangement provided the "flexibility" for the boxer to work with other promoters. "Look at the opportunities he had, look at the success he had and the amount of money he made, that is a ridiculous comment.". “I’m going to have to sound like a broken record, but that was not my domain,” he said. Mr McGuigan replied: "No, we didn't manipulate the figures, no. By The Newsroom Thursday, 17th September 2020, 5:20 pm The loss was attributed to figures given for sales and expenses, and a refusal to allocated £333,000 as sponsorship, the court heard. He insisted: "We never tried to pull the wool over Carl Frampton's eyes, ever."  : BoxRec.com uses cookies to make the site simpler. Carl won by technical knockout (TKO). Again, however, Mr McGuigan described the suggestion as "ridiculous" and pointed to how he guided the boxer. Sales at the venue were said to have been £485,000, with the company having £557,000 worth of the tickets. ";s:7:"keyword";s:20:"carl frampton losses";s:5:"links";s:6418:"<a href='http://newdestinychurchpc.com/blog/article.php?tag=city-of-greater-geelong-postcodes-6bb478'>City Of Greater Geelong Postcodes</a>,
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