Is Jay-Z’s Roc Nation Sports trying to steal away boxing talent to their agency?
According to the NY Daily News report, Jay-Z’s Sports agency is facing a $20 million lawsuit after attempting to lure away boxer Demetrius Andrade despite already being signed with another promoter. A Bronx-based promotions company named Star Boxing and Banner Promotions filed a $20 million lawsuit in New York State Supreme court alleging that Jay Z’s Roc Nation Sports “intentionally interfered with an Exclusive Promotional Agreement” it has with Demetrius Andrade.
According to a copy of the complaint, Andrade was offered $550,000 from Jay Z’s Roc Nation Sports to reject a fight that DeGuardia and Pelullo had negotiated with Showtime under the guise that Roc Nation would buy him out of his contract and become his new promoter.
However, after pulling out of the Showtime deal, Andrade never received the money he was promised by Roc Nation, which also never purchased his contract from DeGuardia and Pelullo.
The suit claims that together, Roc Nation and Fried “acted willfully, maliciously, recklessly, wantonly and with intent to injure Star Boxing and Banner Promotions.”
According to the lawsuit, Joe DeGuardia and Artie Pelullo are seeking two causes of actions totaling “at least” $20 million in damages as well as punitive damages.