War clauses

About the article

This is a digitised version of an article from The Cayman Compass's print archive. Occasionally, the digitisation process introduces transcription errors, or other problems.

See the article in its original context from February 1991.

Brought to you by

KBD Foundation Logo
Open Original Page
Article scan
NEW YORK (AP) - War clauses in contracts were the subject of laughter this week at a news conference to announce that the Evander Holyfield-George Foreman heavyweight fight will remain in Atlantic City on April 19, as scheduled. Donald Trump, whose Trump Plaza is the live fight promoter, had said last Wednesday that because of the situation in the Gulf, a war clause should be invoked and that his site fee of 11 million dollars should be reduced.

Co-promoters Bob Arum and Dan Duva, in the presence of Trump, said at the news conference the site fee will remain 11 million dollars and that the fighter's purses will be unaffected guarantees of 20 million dollars for Holyfield and 12.5 million dollars for Foreman. Trump has paid 3.5 million dollars, and the rest of the site fee will come out of the live gate, which everyone involved said will be big.

Trump said: "Let's just say we've made some adjustments, and I'm very happy with these adjustments."

Last week, Trump said there was a "war clause" in the agreement and that the Gulf conflict activated the clause. He said the war was affecting the hotel casino business in Atlantic City, and he sought to reduce the live site payment from 11 million dollars to the 5-to-6-million-dollar range.

Both Duva and Arum immediately said the war clause was not in effect and threatened to move the fight to Caesars Palace in Las Vegas.

The fight between Holyfield and Foreman is expected to be the highestgrossing in history.