Boxer Carl Frampton seeks € 6.5 million in legal battle with former manager Barry McGuigan, he hears in court



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BOXER Carl Frampton is seeking £ 6 million (€ 6.5 million) in his legal battle with former manager Barry McGuigan, the Belfast High Court heard.

His action allegedly includes the sums paid to the wrestlers who appear on their billboards, as well as the money spent on the construction of a venue for a contest in Belfast.

Carl Frampton arrives at Belfast High Court this morning with his legal adviser, John Finucane

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Carl Frampton arrives at Belfast High Court this morning with his legal adviser, John Finucane
Barry McGuigan photographed off the court

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Barry McGuigan photographed off the court

But when questioned, the former two-weight world champion rejected any suggestion that he was “greedy.”

The 33-year-old Frampton is suing McGuigan for allegedly withholding earnings from high-profile matches organized in Northern Ireland, England and the United States.

His case involves claims against Cyclone Promotions UK Ltd, of which McGuigan was a director, over portfolio fees, broadcast rights, ticket sales and marketing.

AGAINST LAWSUIT

A counterclaim has been filed against Frampton for alleged breach of contact when he parted ways with the company in 2017.

The two men, well-known names in the boxing world, deny the respective accusations against them.

Frampton has claimed that he signed on as a director of another Northern Ireland-based company Cyclone with the promise of a 30 percent share of the profits.

But according to his case, he was never paid for that charge.

On the third day of the hearing the full scale of the Belfast fighter’s claim emerged.

UNKNOWN OF THE EXACT FIGURES

He told Liam McCollum QC, on behalf of McGuigan, that he was not aware of the exact figures for the action, and maintained that this had been left to the forensic accountants.

But referring to the claim statement, the lawyer told him: “You say you claim £ 6 million, Mr Frampton.

“You are saying that Mr McGuigan and Cyclone… should pay you £ 6 million. That is your claim. “

The lawyer alleged that the sums involved “claiming money … card fighters in fights in which you fought.”

Mr. Frampton replied: “I didn’t know that was the claim. I want what I am entitled to as a director of Cyclone Promotions and the 30 percent that I thought I would get. “

Pushing further, McCollum said he was also looking for all the money paid to Shane McGuigan, one of McGuigan’s sons who trained him during the eight years he spent with Cyclone.

The cost of building a site for one of their fights in Belfast’s Titanic Quarter is also reportedly on the hunt.

“Doesn’t that sound (like) being a little greedy?” Mr. McCollum asked.

The boxer accepted that if that was right he can give that appearance, but insisted: “I am not a greedy person.”

The hearing continues.



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