Don King sues Hasim Rahman!

By Scott Shaffer

30/09/2005

Don King sues Hasim Rahman!

Promoter Don King has sued his own fighter, Hasim Rahman, just six weeks before Rahman is scheduled to challenge Vitali Klitschko for the WBC heavyweight championship, and if King has his way, Rahman could receive virtually no money for fighting Klitschko.  King is seeking a court order that would force Rahman to hand over half of his purse from the Klitschko bout on November 12, 2005. According to King's legal papers, Rahman signed a contract with King that entitled King to receive 50% of Rahman's purse if King lost a purse bid for one of Rahman's fights. That scenario came to pass when Bob Arum's Top Rank, Inc. won the right to promote Klitschko-Rahman for a bid of $12.1 million. Because of a WBC ruling, Rahman is normally entitled to 35% of that amount, or about $4.235 million. King has alleged, though, that Rahman has tax problems and the IRS is poised to swoop in and claim $2 million from Rahman's purse. Figure in the WBC's 3% cut of Rahman's purse, and that lightens Rahman's take by another $127,000 according to King.  The legal papers state that King wanted Rahman to tell Arum in writing to pay $2.05 million directly to King but Rahman refused to do so. Because of that refusal, King is now asking a federal court to order that $2.25 million dollars or Rahman's purse be attached (King's attorney, Judd Burstein added in a request for $132,000 in legal fees to bump the requested amount from approximately $2.05 million to $2.25 million).  If King's request is granted and the IRS takes the $2 million as alleged, Rahman will be left with about $10,000 for fighting Vitali Klitschko, or about what ESPN2 pays for a main event.