PROMOTIONAL RIGHTS TO ROBERT GUERRERO REMAIN WITH GOLDEN BOY PROMOTIONS

Posted on | September 30, 2009 | No Comments

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Gilroy CA, September 30, 2009

On September 29, 2009, the California Superior Court vacated a December 15, 2008 arbitration award in the proceeding (the “Arbitration”) commenced last year by Robert Guerrero against Goossen Tutor Promotions. The Superior Court’s decision was not based upon the substantive merits of Guerrero’s claims against Goossen-Tutor Promotions, but was based upon the California State Athletic Commission’s failure to obtain arbitrator Armando Garcia’s signature on the award, which Garcia indicated under oath in July of this year, that he was prepared to sign.

Since the commencement of the Arbitration, the 5 year promotional agreement between Guerrero and GTP has expired by its own terms. On December 18, 2008, Guerrero entered into a promotional agreement with Golden Boy Promotions, which agreement was approved by the California State Athletic Commission. The vacatur of the arbitration award by the Superior Court has no effect on the validity of the Guerrero-Golden Boy Promotional Agreement, and Golden Boy remains the exclusive promoter of Robert Guerrero.