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Top Rank files $100 million lawsuit against Al Haymon, alleging boxing monopoly attempt

Bob Arum's Top Rank Promotion has filed a $100 million antitrust lawsuit against Al Haymon and PBC accusing them of trying to monopolize the business of boxing.

At the US District Court in Los Angeles on Wednesday, Bob Arum and his Top Rank boxing promotion filed a 50-page lawsuit against powerful boxing "adviser" Al Haymon and his partners, Waddell & Reed, a Missouri based investment firm. The suit seeks more than $100 million in damages and an injunction against Haymon and his "predatory practices."

Two months ago Arum and Haymon worked together on the Floyd Mayweather vs Manny Pacquiao match, the highest grossing event in boxing history.