Bowe wins ruling to choose promoter

Boxing

August 28, 2004|By Lem Satterfield | Lem Satterfield,SUN STAFF

A Prince George's County circuit court judge yesterday voided a 4-year-old promotional contract between Riddick Bowe and Washington-based Jeffrey Jackson, clearing the way for the former heavyweight champion to negotiate fights with any promoter.

"I'm ecstatic. I feel like I finally have a fresh start," said Bowe (40-1, 32 knockouts), who is scheduled to end a nearly eight-year ring absence on Sept. 25 against 38-year-old journeyman Jeff Lally (23-23-1, 10 KOs) of Louisville, Ky., in Shawnee, Okla.

Bowe's attorney, Baltimore-based Steve Silverman, said Judge William B. Spellbring "rescinded Bowe's contract with Jackson," finding that Jackson "wrongfully convinced Bowe" into making a $2.3 million loan to Jackson's company, Unlimited Security, shortly after their contract was signed Feb. 26, 2000.

"Judge Spellbring found that any promoter has a fiduciary duty to serve the boxer's best interest, that Jackson breached that duty to Bowe, and therefore, the contract was void on those grounds," Silverman said of Bowe, who already had won a June 2003 judgment against Jackson for $2.7 million.

A source said Bowe "has been offered nine-figure deals from HBO and MGM Grand" contingent on the fighter's re-establishing his presence "after two or three fights."

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