Boxing star Gennady “GGG” Golovkin is suing his former management team claiming they took advantage of him for years and took millions of dollars that should have gone to him.
According to court documents obtained by The Blast, GGG claims Maximilian and Oleg Hermann intentionally failed to account for revenue, took excessive commissions and more than they were owed, and failed to provide services for his most recent fights (but want money for them anyway).
He claims the Hermanns “have used their illegal, unlicensed relationship with Golovkin to extract millions of dollars in wholly impermissible and unconscionable fees, and now seek millions more.”
GGG claims he ended the relationship in 2017 but the Hermanns have been trying to collect on his huge rematch with Canelo Alvarez, even though he already severed ties with them.
He is seeking an order ruling their relationship is over and believes he is owed at least $3.5 million from their prior dealings.
The 36-year-old Golovkin (38-1-1, 34 KOs) is believed to have earned nearly $25 million from his middleweight championship rematch with Canelo Alvarez (51-1-2, 35 KOs). Golovkin lost a debatable majority decision in that 12-rounder September 15 at T-Mobile Arena in Las Vegas.
Golovkin could fight Alvarez a third time later this year if he opts to sign with DAZN, the fledgling streaming service that signed Alvarez in October to a five-year, 11-fight contract that could become worth $365 million.
It has been reported that the deal offered by DAZN president John Skipper includes at least two fights.
The second fight of that deal would be a September bout against Alvarez, if the Mexican superstar can defeat Daniel Jacobs (35-2, 29 KOs) on May 4 in Las Vegas. If he chooses DAZN, Golovkin likely will partake in the equivalent of a tune-up fight at some point in the spring.
Haymon, the influential adviser that founded Premier Boxing Champions, also has tried hard to secure Golovkin’s services. He, too, has offered Golovkin a multi-fight deal that would begin with a nondescript fight against an undetermined opponent.
If Golovkin were to sign with Haymon’s PBC and win that fight, he would then face Jermall Charlo in the second bout of that agreement. Charlo (28-0, 21 KOs) owns the WBC’s interim middleweight title and once was Golovkin’s mandatory challenger for the WBC 160-pound title he lost to Alvarez.