On Tuesday, Canelo Alvarez filed a lawsuit against his promoter, Golden Boy Promotions, and his broadcast partner, DAZN, alleging breach of contract and seeking a minimum of $280 million in damages. Two years ago, Alvarez and DAZN agreed to the richest deal in boxing history.

Alvarez had been signed to Golden Boy since 2010. Now a free agent, Alvarez's trainer and manager Eddy Reynoso said his fighter was “ready to fight this year”. When Alvarez signed with DAZN, the digital sports media company was seeking to shake up the business of boxing.

Last year, Canelo sued Golden Boy and streaming platform DAZN, to break away from his existing contracts with both entities. The three parties were able to reach an agreement, with Canelo becoming a complete free agent with no promotional or network ties.

Alvarez and Golden Boy Promotions officially parted ways in November after Alvarez's lawsuit for breach of contract against Golden Boy and streaming service DAZN was settled.

$280 million Canelo sues DAZN, Golden Boy; Did Herring quit? Brian Campbell and Rafe Bartholomew provide instant analysis to the bombshell dropped in California federal court by Canelo Alvarez to the tune of $280 million against DAZN and Golden Boy Promotions for breach of contract.

Alvarez defeated Charlo by unanimous decision (119-108, 118-109, 118-109) to retain the undisputed super middleweight title. From the very onset of the bout, Alvarez controlled the pace and location of the fight.

As a result, Alvarez's contract with Golden Boy was dissolved, and his deal with DAZN ended after just three fights. "The big issue and problem for many fighters, and I have some experience, is all the whispers in your ears.

Oscar De La Hoya Golden Boy Promotions

The civil suit filed on Tuesday in US district court for the central district of California, a copy of which has been obtained by the Guardian, alleges both Dazn and De La Hoya's Golden Boy Promotions have breached their respective contracts with the four-weight world champion, causing damages of at least $280m.

Oscar De La Hoya Los Angeles-based Golden Boy Promotions was established in 2002 by 10-time world champion in six divisions Oscar De La Hoya, the first Hispanic to own a national boxing promotional company. Golden BoyPromotions is one of boxing's most active and respected promoters, presenting shows in packed venues around the world.

Saul Alvarez, popularly known as "Canelo," stands as a Mexican boxing prodigy in the Light Middleweight division with an impressive net worth of $200 million.

Canelo Alvarez said he wanted to make a statement, and he did just that against Jermell Charlo on Saturday night in Las Vegas. Alvarez defeated Charlo by unanimous decision (119-108, 118-109, 118-109) to retain the undisputed super middleweight title.