NYSAC lifts suspension of Golden Boy's license
Posted Jul. 20, 2010 at 01:54pm
By RingTV.com Editors
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The New York State Athletic Commission on Tuesday voted to lift the suspension of Golden Boy Promotions’ license to promote boxing in the state, a commission spokesman confirmed.
The NYSAC issued a 90-day suspension on July 6 after Golden Boy failed to provide written agreements with certain fighters after a May 15 card in New York City – as required by law – in spite of numerous requests.
Also, a Golden Boy employee told a NYSAC representative that the Los Angeles-based company had provided all agreements when in fact it hadn’t.
Golden Boy acknowledged that it erred, saying its mistakes were honest, and forwarded the agreements in question to the NYSAC. The promotional firm also agreed to pay a $10,000 fine.
Thus, the commissioners voted unanimously to lift the suspension.
“Golden Boy did submit what it was supposed to submit and agreed to pay a relatively small fine. Now everyone is moving on,” NYSAC spokesman Gabe Roth said.
The NYSAC issued a 90-day suspension on July 6 after Golden Boy failed to provide written agreements with certain fighters after a May 15 card in New York City – as required by law – in spite of numerous requests.
Also, a Golden Boy employee told a NYSAC representative that the Los Angeles-based company had provided all agreements when in fact it hadn’t.
Golden Boy acknowledged that it erred, saying its mistakes were honest, and forwarded the agreements in question to the NYSAC. The promotional firm also agreed to pay a $10,000 fine.
Thus, the commissioners voted unanimously to lift the suspension.
“Golden Boy did submit what it was supposed to submit and agreed to pay a relatively small fine. Now everyone is moving on,” NYSAC spokesman Gabe Roth said.
