Boxing Star Gennady 'GGG' Golovkin Sues Former Managers for $3.5 Million
By TheBlast Staff on January 31, 2019 at 3:53 AM EST
Boxing star Gennady "GGG" Golovkin is suing his former management team claiming they took advantage of him for years and took millions of dollars that should have gone to him.
According to court documents obtained by The Blast, GGG claims Maximilian and Oleg Hermann intentionally failed to account for revenue, took excessive commissions and more than they were owed, and failed to provide services for his most recent fights (but want money for them anyway).
He claims the Hermanns "have used their illegal, unlicensed relationship with Golovkin to extract millions of dollars in wholly impermissible and unconscionable fees, and now seek millions more."
GGG claims he ended the relationship in 2017 but the Hermanns have been trying to collect on his huge rematch with Canelo Alvarez, even though he already severed ties with them.
He is seeking an order ruling their relationship is over and believes he is owed at least $3.5 million from their prior dealings.
GGG has a record of 38-1-1 in his 40 professional fights with the loss and draw both coming at the hands of Alvarez.
