Boxing

Stephen Espinoza Explains Why Spence Vs. Crawford can’t happen


Via Chris Williams: Showtime President Stephen Espinoza has revealed that a combination of Terence Crawford’s stubbornness, his insistence on transparency of expenditures, and his slowness in responding to the deal’s points ultimately engulfed him. negotiations for the fight Errol Spence Jr.

Espinoza said if talks were to restart for the Spence-Crawford clash later this year, there would need to be some changes made on the part of Crawford for the fight to have a chance.

“Avanesyan came to fight, and I think Crawford fans got a little impatient. Showtime’s Stephen Espinoza said: “You usually see him explode, and then it’s like a flash of light, then it’s over.” fight TV center about the war between Terence Crawford and David Avanesyan.

“So maybe there’s a bit of rust there. He had a good opponent. Terence took his time and it was an impressive result.

“Well, it’s still a fascinating fight. No one is going to hold a grudge and say we’re not going to deal with him just because the first time didn’t go the way we wanted,” Espinoza said when asked if they plan to restart negotiations. for Errool Spence Jr vs. The Crawford War.

“There are other factors now. Mandatory was ordered, and had all of that. There’s the assumption that, ‘Oh, you can wave a magic wand and make it all disappear to fight Crawford.’ I don’t know if that’s the case right now; it’s not that simple.

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“I have no doubt that from this side to Errol and the others are missing that opportunity. They’re still looking and saying, ‘Look, this can actually be done. Great. But having said that, No one wants to go through that experience again.

“I know there are many different versions of what happened. I know that from this side it feels like the carpet was pulled away from us without notice, and so could do a bit of damage control there.

“That doesn’t mean we won’t return to negotiations if given the opportunity to do so. There must be another motivation. There’s a point where a bunch of issues Terence brings up really go unresolved and linger there, and then everything falls apart. So no one wants that dynamic again.

“So for this to be a useful thing in the future, there has to be another way to do it instead of sitting there and taking it one step at a time for months.

“So if this is going to be done, we all know what the problem is and what the underlying structure is. Either people care, or they don’t. No one wants to waste time anymore. So if he’s interested, there’s no perfect deal.

“There is an old saying. A good deal is one that everyone is not happy with. Instead of trying to get the perfect deal, get the best deal possible under the circumstances.

“I don’t want to point fingers, but if you ask this way, I think much of the stretch is down to Terence’s own question and the timetable he’s answering. It seems like a lot of time goes by after each offer, and there’s an ingrained stubbornness at certain points that we thought shouldn’t have been insurmountable.

“I’m sure he has a different opinion, but we know what the problem is. Nothing new. These are all issues on which all major wars are based. The thing is, nobody wants to go back and get into this play of weeks and weeks of negotiations.

“So if we’re going to go back and deal with it, let’s go back and get it done quickly. Not that I know of, but sometimes there are conversations going on that I don’t get through,” Espinoza said when asked if talks have resumed between Spence and Crawford.

“Maybe on the PBC side or maybe with Al or TGB, there could be conversations there.

“We didn’t have to deal with the first issue that much because there were a lot of promoters and fighters who came out and said, ‘It’s not uncommon to fight without guarantees. Absolutely not,” Espinoza said of Crawford’s displeasure at not receiving a guaranteed paycheck for the match against Spence.

“In fact, the pay-per-view guarantee didn’t exist until three years ago. So the reality is that for the longest time, and for most of the pay-per-view business, there are few guarantees. So now [for Crawford] come in and say ‘I’m the first person in history not to get one’ which is really inaccurate.

“I can fight 20 different battles on top of my head. There have been fights with Tank Davis where he received no guarantees. There have been Mayweather fights that didn’t get a guarantee. So look, that view is completely wrong.

“Transparency is completely confusing. He got that in black and white. I looked at the contract. It’s there in black and white. The fact is, we will have to take into account. We collect money; We do accountants. You cannot do accounting without transparency.

“It depends on what transparency means. For most people, transparency means, ‘I know what the revenue is. I know what the costs are. I know what deductions are. It’s all outdoors.

“That has never been an issue in this war or any other war we have been in. If transparency means anything else.

“This is where it gets complicated. If you are saying, ‘I have the power to approve expenses.’ First of all, I have a problem with that because what happens when I say to you, ‘This is the cost of making a TV’ and you say, ‘No, I think it will be cheaper.’ So wait a minute. Now, I can’t produce it?

“We have been doing this for quite some time. I know how much it costs. If its cost is comparable to other big paying views, it’s an industry standard. We’re not going into a promotion and there’s the risk of someone telling us after two weeks, ‘No, I don’t like that contract. I don’t sign.’

“Or go in there and say, ‘we’re waiting for a boxer’s signature, and I don’t know when he’s going to review and approve this expense.’ That is not a realistic way to do business.

“You have to have a certain level of trust. There are certain protections against pre-disclosure, but the reality is that it’s possible to approve anything along the way; people will do it because there’s practically no way people are going to get into it and start spending budget money and go on a promotion and then two weeks later someone gets an error* * their on an expense .

“And they said, ‘You know what? I don’t want you to spend any more money on marketing.’ Who will enter into a deal where you are at the mercy of others until the last second?

“The reality is if you ask for expense approval, the question is what if you don’t approve? What happens? We’ve seen this, and it’s a great example of Mayweather-Pacquiao. You remember it well. So we had a strange situation when ticket was not released until ten days before the week.

“Why so? Because the parties had mutual consent and they came to an impasse, and everyone was screwed. It’s a cautionary tale.

“So it’s nice to say, ‘okay, mutual approval’, but what if you don’t approve? What are the consequences there, and how is it addressed? If your stance is, ‘No, it has to be mutually consensual, and I have the ability to blow it up at any point until the night of the fight’, then you won’t have many people accept that deal for you’ I’ll have something like Mayweather-Pacquiao but worse.

“In that case, the demand for tickets is so high that it doesn’t really matter. In a sense, a lot of tickets were sold anyway, but it was a bad situation.

“You can’t be in a place where someone will have the ultimate leverage. It has to be, ‘Hey, if the two promoters don’t agree, the network will break the tie’, or there has to be some way around that.

“But say, ‘Everything unless the boxers approve every last penny,’ then everything stops at hissing. That’s not a realistic way to make a deal. That’s not a realistic way to promote boxing.

“I think that’s the way it has to be. You laugh, and people use metaphors, but maybe we all need to go into a room, lock the door, and spend eight or ten hours, and if we don’t come to an agreement, then everyone leaves and lives. their life.

“I thought there had to be a way to change the momentum and change the pace of things. That is a difficulty. Something has to change,” Espinoza said when asked if he believes they can complete the Spence vs Crawford match this year.

“We cannot keep repeating the same move as before. Spence has completed the deal, and PBC is no longer far from settling terms. So it’s about to happen. It’s not something so abstract that I can look at it and say, ‘We can solve this in two or three hours.’

“That requires some trust and give and take, and that’s a bit difficult to get in this situation. At this point, Errol was very clear. He wants nothing but big fights. He doesn’t adjust, even after a car accident. Even after the break.

“I think he would be pleased to go in there and beat Keith Thurman. There’s definitely some holding grudge and some resentment, and sometimes that makes for the best fights.

“I think Jaron [‘Boots’ Ennis] going to the point where Spence was. Spence dodged and delayed claiming his title. I don’t think Jaron was at that point, but the clock was ticking. When did he get his title?

“Whenever he gets it, he takes it. I believe you fight the right way, the money will come. “You can’t blow your chances of winning a title just for the money,” Espinoza said.

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