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Tyson Fury ‘skips tax’ for Oleksandr Usyk’s Gypsy King fight to rake in millions

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Tyson Fury and Oleksandr Usyk will meet this weekend in Saudi Arabia and the first undisputed heavyweight champion in 25 years will be crowned. But apart from the prestige, the winner will receive a substantial cash bonus, on which the gypsy king will supposedly skip tax on his fighting income.

Last year, an agreement was reached that entitled Fury to a 70/30 split of the purse, which Independent will earn around £116 million. One of Usyk’s reservations was that Fury would donate £1 million of his earnings to Ukraine, although he would be able to avoid further deductions from his income from the tax office.

Dr Rob Wilson, director of the School of Finance, Accounting and Business Systems at Sheffield Hallam University, says Fury is likely to benefit from Saudi Arabia’s favorable tax treatment for international events and may be able to obtain tax relief on his income in the Kingdom.

“Usually what you get at the tax offices is a percentage of your earnings because the work share would have been earned in the country where the earnings were generated, which is Saudi Arabia,” Wilson explained to OLBG.

“You would imagine that he has an arrangement in place whereby the earnings are tax-free, but then you would be liable to pay tax on any earnings in his home country, which is of course the UK, based on any associated costs. training he completed before leaving for Saudi Arabia.

“It’s really complex to give a formal specific amount. But you can be sure that Tyson will receive accounting advice of a very high standard.

Fury, who was ordered along with his two brothers to pay almost £100,000 in unpaid business rates in December, will still have to pay some tax in both Saudi and the UK. However, financial expert Wilson claimed that the accounting team behind Fury had “maximised” the gypsy king’s acquisitions.

“While he will undoubtedly pay some tax, I think it will be a very effective tax discussion that he has had,” Wilson added. “It will maximize the personal income it can generate and then pay the required amount of tax in both Saudi Arabia and the UK.”

The fight has already been canceled once due to a cut to the eye that Fury suffered during sparring. If such an event happens again, not only will Fury and Usyk be deprived of a significant payout, but Turki Alalshikh (chairman of the General Entertainment Authority in Saudi Arabia) has revealed that the withdrawal of either competitor will result in them paying their opponent as much as £8 million.

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UK Boxing

Bakhram Murtazaliev vs Tim Tszyu – large fight preview and predictions

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Tszyu receives an immediate world title shot after defeat to Fundora in March Photo Credit: Esther Lin/Premier Boxing Champions

Tim Tszyu fights Bakhram Murtazaliev for the IBF super welterweight world title in Orlando on Saturday live on Amazon Prime Photo Credit: Premier Boxing Champions
Tim Tszyu fights Bakhram Murtazaliev for the IBF super welterweight world title in Orlando on Saturday live on Amazon Prime Photo Credit: Premier Boxing Champions

The IBF super welterweight world title will be at stake this Saturday night at Caribe Royale in Orlando as Bakhram Murtazaliev defends his gold for the first time in a fight against former world champion Tim Tszyu.

Premier boxing champions promote Murtazalieva vs Tszyu i card is broadcast worldwide Prime Minister of Amazon.

Murtazaliev (22-0, 16 KO) has only been at the championship distance once, winning on the cards against Jorge Fortea back in 2019, and after two victories in 2022, the 31-year-old received an unexpected shot at the vacant IBF title in Germany in April this year , some 16 months after his last fight against Jack Culcay.

With the Russian losing in one card and only two points in the other, he scored a knockout which eliminated Culcay in the penultimate fragment and became the world champion.

Murtazaliev now puts this belt on the line in a fight against the threatening Tszyu (24-1, 17 KO), although the Australian has suffered the first defeat in his career.

Tszyu gets an immediate shot at the world title after losing to Fundora in March. Photo: Esther Lin/Premier Boxing Champions
Tszyu gets an immediate shot at the world title after losing to Fundora in March. Photo: Esther Lin/Premier Boxing Champions

After serving as the WBO interim champion, the 29-year-old was promoted and defeated Brian Mendoza in his first defense last October.

Then in March, “The Soul Taker” wanted to unite forces against WBC king Sebastian Fundora, sent his belt by split decisionbut he was admirable in defeat after Fundora’s horrific elbow injury in the second round, and somehow made it to the final bell.

Murtazaliev defends his IBF crown for the first time. Photo: Team Murtazaliev
Murtazaliev defends his IBF crown for the first time. Photo: Team Murtazaliev
Tapia, Tellez function

Undefeated Australian middleweight Cesar Mateo Tapia (17-0, 10 KO) should overtake Endry Saavedra (16-1, 13 KO) on the scorecards in ten rounds, and super welterweight star Yoenis Tellez (8- 0, 6 KO) could impress against Johan Gonzalez (35-3, 34 KO) on the schedule.

Tellez wants to continue his unbeaten streak. Photo: iRull Photos: Hosanna Rull
Tellez wants to continue his unbeaten streak. Photo: iRull Photos: Hosanna Rull
Undercard remaining

In an eight-round fight, the Cuban heavyweight hope Dainier Pero (8-0, 6 KO) should deal with Willie Jake Jr (11-5-2, 3 KO) at the beginning, and Justin Viloria (6-0 , 4 KO) may need a card to fight Diuhl Olguin (16-40-7, 10 KO) in a super featherweight fight.

In the super bantamweight division, Carlos Jackson (20-1, 13 KO) can win on points against Ryan Lee Allen (10-8-1, 5 KO), a man who has never been stopped, and Daniel Blancas (10-0, 5) KO) can remain undefeated by winning the super middleweight fight against Marco Delgado (7-5-1, 5 KO), also at the distance.

Gary Antonio Russell (19-1, 12 KO) will return to the six-round fight for the first time since October 2022 and can secure points in the fight against Jaden Burnias (6-2-2, 4 KO) in the super bantamweight division.

In the welterweight division, Jocksan Blanco (6-0, 4 KO) may defeat Angel Ilarraza (9-1, 4 KO) early.

Roberto Raul Rivera Gomez (4-0, 2 KO) can stop Jenn Gonzalez (9-25-1, 5 KO) in the fight for the super featherweight belt.

The only four-round fighter will be in the welterweight division, and Michael Garcia (4-1, 3 KO) can return to winning ways by defeating Carlos Aguilera Martinez (13-25, 6 KO).

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Jake Paul decided to change sports immediately after Mike Tyson’s boxing fight

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Jake Paul is ready to discuss a potential MMA debut following his highly anticipated boxing fight with Mike Tyson.

Internet sensation Paul is preparing to fight boxing titan Tyson next month in Texas in an event that has been met with significant delays and much controversy. With a 10-1 record in the ring, Paul suffered just one defeat last year at the hands of Tommy Fury, and yet when they meet on November 15, he will boast a significant 30-year age difference to Tyson.

However, Paul does not limit his horizons in combat sports to the ring, because he dreams of fame in the MMA octagon. Having signed a contract with leading MMA organization PFL in 2022, Paul has ambitions to make his mark in the world of MMA perhaps next year, taking a break from his pursuit of a world boxing title.

I’m talking to Mirror on Francis Ngannou’s return to Renan Ferreira, PFL CEO Peter Murray shared his thoughts on Paul’s future in MMA: “I’m not sure if this will be his next fight in combat sports, but he will make his debut in 2025,” the boss said.

“Look what Jake has proven in boxing; he is an amazing athlete, a professional boxer, he has faced several legal opponents and blazed his own trail. He’ll do it the same way in MMA; “His main goal is to be a supporter of athletes and blaze up-to-date trails, so he will definitely take up the MMA fight and be as focused and dedicated as he is to boxing.”

Paul has consistently expressed his determination to settle the score with Fury, who secured victory over the YouTuber in Saudi Arabia. Now there is speculation that their rematch could move from the ring to the octagon following Fury’s recent training sessions with UFC heavyweight Tom Aspinall.

Murray sparked excitement for the potential clash, commenting: “I believe [they could fight in PFL]; We’ll see, the list is there and growing, that’s what’s stimulating about it. There are a lot of fighters who would like to take part in this debut, so we will talk to Jake after the Tyson fight.”

Further fueling the MMA rumors, Nate Diaz, a UFC pioneer who fell to Paul in a previous boxing fight, has been mentioned as a potential opponent in Paul’s mixed martial arts venture. Although he appears to have turned down a massive £7.7m offer amid talks to return to his ancient stomping ground.

Additionally, there is talk of Paul returning to the ring for a third confrontation with Tyron Woodley, whom he has already defeated twice, although he continues his war of words with Jorge Masvidal, another top-class fighter who is currently on a break from the UFC.

However, before any of these scenarios come to fruition, Paul will face Tyson, who has not taken part in a professional fight since he bowed to Kevin McBride in 2005. Nevertheless, Tyson laced up the gloves again for an exhibition match against Roy Jones Jr. in 2020, which ended in a disastrous stalemate after eight rounds.

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Jake Paul said he would be ‘swallowed alive’ by another boxer before the Mike Tyson fight

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Former cruiserweight world champion Tony Bellew has issued a stern warning to YouTube star-turned-boxer Jake Paul, saying he would be “eaten alive” in the boxing ring.

“The Problem Child” Jake Paul is preparing for an extremely invigorating meeting with Mike Tyson, whose fight will take place on November 15 at the AT&T Arena in Arlington, Texas in front of an audience of 90,000. Paul’s rise from internet sensation to professional boxer has seen him face the likes of Tyron Woodley, Anderson Silva and Nate Diaz.

His only mistake, which boasts a 10-1 record, came at the hands of Tommy Fury last year in a points decision.

The fight between the internet phenomenon and the heavyweight legend was originally scheduled for July, but was postponed when Tyson stopped training due to a recurrence of his peptic ulcer. However, “Iron Mike” has renewed his fitness efforts and is adamant about getting back to the square footage soon.

Confirmation of the fight was met with criticism amid concerns for Tyson’s well-being after the former world heavyweight champion, 58, revealed he had trouble walking after sparring. Doubts persist as to whether Tyson will be forceful enough for the fight, prompting speculation that the fight could be canceled again.

Despite Tyson’s skepticism and experience over the years, Paul remains confident that Tyson is in good shape, stating that preparations for the boxing titan’s fight are going well. It’s Mike Tyson or nothing,” Paul declared, emphasizing the draw for the main event. “But most of all, he’s well, he feels amazing and he’s doing great in camp.”

Bellew has once again expressed his disdain for Paul’s boxing endeavors, suggesting that the YouTuber is avoiding real challenges in the ring. In candid remarks to Safest Casino Sites, he stated: “Listen, everyone has their price, but he [Jake Paul] he would never fight me, I would eat him alive.

“Just face a real boxer. I’ll tell you what, just come to England, get your license and try to get an English title. If you manage to get an English or British title, I’ll take my hat off to you. Or go and do it in the USA, do it where you are from.

“Win the United States cruiserweight title. As soon as he faces anyone with any reasonable boxing experience, he’s got it. They’re taking him to school.”

The former British boxing champion is clearly unimpressed with Paul’s upcoming fight against Tyson, a clear indication of his willingness to replace Tyson if the opportunity arises, albeit for the right amount of money.

Bellew stated in September: “I have no real hunger or desire to face Jake Paul, to be completely candid. Do I want to? No, probably not. But would I do it? Yes. Everyone has their price. yes, definitely, but do I want to? Not really, no.

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