Chad Dawson expected in Las Vegas next week for court deposition
Things just keep getting worse and worse for Chad Dawson. At least according to boxing analysts and the media. After suffering his first professional defeat in 29 bouts last weekend, it was revealed that he was in the midst of a serious managerial crisis with his camp, as well as deep-set financial woes. After a rift with now former manager, Mike Criscio, as well as allegations that he is irresponsible with finances and didn’t train for his last fight, Chad Dawson will be in Las Vegas this week for a deposition in a federal court lawsuit. The lawsuit was filed against him and estranged manager Criscio, by rap music guru and boxing advisor James Prince.
Prince alleges that on January 23, 2007, he gave the fighter $20,000 in exchange for 10 per cent of his boxing income for the duration of five years. Prince vowed to advise and support Dawson, though what that entails given Dawson already had a promoter (Gary Shaw) and a trainer (Mike Criscio) remains ambiguous.
Prince claims that while Dawson gave him his 10 per cent for bouts against Tomasz Adamek, Jesus Uiz and Glen Johnson, he missed payment for an October 2008 bout with Antonio Tarver. Prince said Dawson likewise didn’t pay him for a second bout with Tarver, and that total earnings for those fights were more than $1 million (US).
It is speculated that up to that point Prince receives about $300,000 from Dawson’s earnings.
Previously Prince was an advisor for Floyd Mayweather Jr. It is expected that Mayweather forked out thousands for his services. The two are no longer in a partnership together.
Prince also said that he paid for Dawson to fly to Prince’s hometown of Houston, where the adviser arranged a publicity shoot with rap star Lil Wayne, and introduced Dawson to money advisors.
Various sources say Dawson trusts only his family at this point, as well as current trainer Eddie Mustafa Muhammad.
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