Just a month after Jay made his debut on the boxing scene his business with longtime boxing promoter Gary Shaw barely lasted a month. Roc Nation Sports entered the boxing business in August and the day before it promoted its first card on Jan. 9 at the Theater at Madison Square Garden in New York, Shaw sold his company to Roc Nation Sports and went to work for it. Shaw moved into the Roc Nation offices in New York, brought his staff with him and worked the card last month. But, Gary wasn’t feeling it… And he took Jennings with him.
According to ESPN.com
As part of that agreement, Shaw resigned from the company on Friday and they are in the process of completing their separation in a deal in which Shaw will leave with his f!ghters and staff and continue doing business as Gary Shaw Productions.
“We gave it a try and unfortunately it did not work out for both parties,” Shaw told ESPN.com on Monday. “It is an amicable separation. Roc Nation was very professional at our meeting and they allowed me to keep all of my f!ghters and my company, and terminate any agreements we had together. They gave me back my company.”
Roc Nation Sports spokesman Ron Berkowitz told ESPN.com, “Both parties decided to go their own way and we wish Gary nothing but the best.”
The biggest immediate byproduct of the split is that Roc Nation Sports will not be involved in heavyweight contender Bryant Jennings’ title challenge against world champion Wladimir Klitschko on April 25 (HBO) at Madison Square Garden in New York. Among the f!ghters Shaw promotes — who now won’t be joining Roc Nation Sports — are Jennings, interim lightweight titlist Darleys Perez, middleweight contender Tureano Johnson, lightweight Jonathan Maicelo, lightweight prospect Kenneth Sims Jr., welterweight Francisco Santana, unbeaten junior featherweight Roman Morales and former middleweight titlist Daniel Geale.
Other f!ghters Shaw promotes, including welterweight contender Thomas Dulorme and junior lightweight contender Jose Pedraza (who he co-promotes with Lou DiBella and Javier Bustillo), were not going to join Roc Nation Sports in the first place.
Roc Nation Sports’ boxing department will continue to be run by chief operating officer David Itskowitch.
Roc Nation Sports’ second card is expected to take place in March as part of its three-f!ght deal with Fox Sports 1.
50 tells people about doing business… and he was talking from experience lets remind, read it:
“You can’t just buy your way into it by purchasing existing companies and stuff like that,” he snarled. “You look at the roster of f!ghters…you have to have experienced people around to run it. But boxing is like the fur coat business…we don’t know how much they actually sold the jacket for.”- 50
I still love Jay though, everything is not for everybody…..