Report Says Douglas and King Settle
World heavyweight boxing champion Buster Douglas said Sunday night that he has agreed to a financial settlement in his breach of contract suit with promoter Don King, according to the Columbus Dispatch.
The two sides--Douglas’ included Las Vegas hotel-casino owner Steve Wynn--decided on Sunday to settle out of court.
Terms were not disclosed, but it is believed King and Atlantic City, N.J., hotel-casino owner Donald Trump, who claimed to have contractual rights through King for Douglas’ fight with top contender Evander Holyfield, are to be paid a total of $7 million.
In return, King won’t have anything to do with the Douglas-Holyfield fight, tentatively set for Sept. 21 at Wynn’s The Mirage Hotel. King will be the promoter for Douglas’ rematch with Mike Tyson next year at The Mirage, but he will have no ties with Douglas.
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