BoxingMMASport NewsUFC

‘Deeply Hurt’ Don King Explains Where Daniel Dubios’ Money Is

Advertisement

King responded to UK reports that Dubois had never been paid one cent from the June clash for the WBA secondary title.

Don King – Daniel Dubois purse
“Don’t let the facts get in the way of a good story,” said King’s team.
“That’s certainly the case for WBA Heavyweight Champion Daniel Dubois after winning the title on the Don King promoted show on June 11, 2022, in Miami.

“Dubois and his promoter and manager, Frank Warren, who was not allowed to enter the United States, need to get together and renew acquaintances.

“Promoter King has requested banking and wire information from Warren for two months with no reply.

Where is the money?
“So King’s lawyer, Tony Gonzalez, put the funds in escrow. He’s waiting for Warren to respond.

DuBois’ lawyer Leon Margules finally sent the wire instructions. But only after Warren and Queensberry Promotions failed to reply to Don King Promotions’ multiple requests for wire instructions.

“Warren and his promotional company, Queensberry Promotions, had the television rights payment for BT Sports deducted from the purse, per the agreement.

“King has already paid DuBois’ foreign taxes to the IRS of $420,660.12.”

King himself added: “I have talked with DuBois and his father about the matter. I told them the money was in escrow.

“The money is waiting for the wiring instructions for DuBois’ promoter and manager, Frank Warren. Did Frank lose my number? He knows where to reach me.”

Advertisement
Advertisement
Advertisement

Frank Warren
The Hall of Famer continued: “I love Frank Warren. His word, honor, and integrity have been above and beyond my contract or agreement.

“His word has been his bond. Impeccable! I am deeply hurt and terribly disappointed in what is happening now.

“I’ve never not paid a fighter. This is certainly not the case here.”

King’s lawyer Gonzalez stated: “DKP has made all requisite payments towards Mr. Dubois’ purse.

“Pursuant to Florida State Athletic Commission Director Patrick Cunningham’s instructions, proof of payment in the form of the payment for the 30% IRS backup withholding was provided.

Set off payment
“Also, with $475,000 set off towards Mr. Dubois’ purse at the instruction of Mr. Dubois’ promoter, Queensbury.

“Additionally, and at the instruction of Mr. Cunningham, an escrow deposit was made. The amount of $134,000.00 represents a final balance due Mr. Dubois after applying to set off $319,000 for outstanding monies owed DKP by Mr. Warren.

“Also, all sanction fees owed by Mr. Dubois were paid in full to the WBA.”

Advertisement
Advertisement
Advertisement
Tags

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Close
Close