It does sound shady that her bf is her manager, but if he has already collected $9.5 million for her, he can't be such a bad guy - even if he sees dollar signs himself. What I don't understand is how that much money could be missing and she didn't even notice? Didn't she realize she was not getting paid for anything? Maybe she was so used to living in poverty, even a little bit of money seemed like a lot.
I expect that she's not going to find the millions she wants but... the numbers sound to high...
How she spent (and spends) is not their doing. To the degree anyone would work with an athlete on items purchased, budgeting, paying bills, all that - that would be a manager not a talent agency. Talent agencies do their work up front - knowing where the opportunities are, fielding offers, drumming up offers, negotiating contracts for the athlete, making sure payment (in all forms - airline tickets, etc.) is made.
Last edited by Willowway; 11-27-2012 at 11:02 PM.
However, IME it's not uncommon for new managers to "discover" that their client has been allegedly underpaid or ripped off by their previous managers. It makes the new manager look good to be able to point out all the wrongdoing of the previous manager. And in some cases, the client genuinely has been ripped off, and the new manager is correcting a wrong that the client either wasn't aware of, or couldn't get fixed on their own.
In other cases, though, the new manager is reinterpreting the terms of previous contracts - to their client's benefit - and they money they get is basically go-away money from the companies who didn't actually do anything wrong but would sooner shell out some $$$ to be rid of the annoying manager. A very public and well-documented example of this is Allen Klein, who ran the Beatles' and the Rolling Stones' financial affairs for some time and managed to squeeze quite a bit of $$$ out of the record companies for them. However, he didn't do it as a public service - he took a hefty chunk of it himself, which is why both groups eventually ended up firing him (well, that and he lied to them both, but that's another story).
The point being that if someone claims they have collected money on behalf of their client - and AFAIK in Oksana's case this is claimed in the lawsuit, I don't know if it's been agreed on as a fact by both parties - that doesn't mean the money was genuinely owed or that the previous managers actually ripped off the client.
Stale pastry is hollow succour to a man who is bereft of ostrich. - Sheldon Cooper, The Big Bang Theory
I haven't read the article or thread, but my first thought was she must be having a tough time of it financially.
Such a sad story all around, sorry to see it end this way.
But the memories, those I'll never forget, the way she skated, the way she expressed herself, like no one else, totally unique, an original. To this day she remains my favorite artistic skater of all time. And ah when she was on her jumps just flew, the russian way, that huge 3L! The speed, the power, the flow....memories....
I think 30% of earnings was pretty standard arrangement for Russian coaches back in the 1990s. We have seen other skaters mention this figure. There comes a point though where a pro skater really does not need the same level of time and attention from a coach, so they should switch to a different arrangement.At one point it was pretty common for Russian coaches to be paid a percentage of the skater's earnings instead of fee for coaching. ... Now whether a percentage of 30% is fair, and for how long the skater should be on the hook are separate questions.
To be fair, though, the first thing new managers do is review old and existing contracts and arrange an accounting review. While there's most often a "I can do better" aspect/message, it's a good idea to find out the history instead of starting from scratch.
The piece is seventy-five minutes long...[l]ong enough for an idea to be developed, but not so long that one starts to measure the number of seats to the exits with desperation if the thing doesn’t work" -- Marina Harss
I am concerned this story will eventually have a very tragic end. It seems headed that way. Does anyone know why Oksana separated from Galina and family? I suspect that was a bad move as both Galina and Victor seemed there for her. To be in the world without family is a dangerous place to be. Her birth family is gone and she doesn't seem to have been able to establish her own.
A couple more details from the courthousenews.com summary of the lawsuit: http://www.courthousenews.com/2012/11/21/52475.htm
More than a decade later, Baiul's manager discovered that while William Morris had collected $9.5 million on her behalf, it had failed to go after fees she was owed, and had executed contracts to transfer some of her earnings to "legal strangers" - Olympic Champions Ltd. and Ukrainian Financial Group, according to the complaint.
The agency transferred $200,000 of her earnings to settle a dispute between Olympic Champions Ltd. and Ukrainian Financial Group agents, and took larger than agreed-upon fees, the complaint states.
Why do you say that? It's a matter of finding out how much assets she has, how much money is coming in steadily, how much debt is owed, and probably downsizing and figuring out how she's going to make money from now on. She's loopy for sure, but not a complete wreck.I am concerned this story will eventually have a very tragic end. It seems headed that way.
It probably went out of business.
Delete. Wrong Thread.
She has burned so many people I think this will put
the nail in her coffin
I'm a New Yorker where 'observe and criticize' is a competitive sport and I can be a pro, but honestly I wouldn't want a minute of OB's life, even the good parts. What I feel for her is compassion.
Last edited by Willowway; 12-06-2012 at 07:08 PM.