UK Boxing
Tyson Fury ‘skips tax’ for Oleksandr Usyk’s Gypsy King fight to rake in millions
Published
6 months agoon
By
J. HumzaTyson 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
Mike Tyson and Jake Paul’s Amazing Fight Netflix’s viewership numbers have been shattered
Published
3 hours agoon
November 16, 2024Netflix revealed that the co-main event featuring Jake Paul and Mike Tyson and Amanda Serrano vs. Katie Taylor has become the most-watched professional women’s sporting event in U.S. history.
The fight took place on Friday in Twxas, where Paul faced Tyson – it was his first professional boxing match in 19 years – lasting eight rounds. The fight went the full distance, with the YouTuber securing victory based on the judge’s scorecards.
Paul’s performance against Tyson was met with criticism due to the significant age difference between the two fighters, leading many to question his motives for fighting. The 27-year-old was booed for his lack of aggression in the final rounds, and even his own corner expressed disappointment, urging him to aim for the knockout.
Despite the criticism, Paul dominated the fight, highlighting the 31-year age gap between him and “Iron Mike” as Tyson struggled to keep up with the younger fighter. Fans had hoped that the youngest ever heavyweight champion of the world would be able to turn back the clock in his first professional fight in 19 years, but that didn’t happen.
In contrast, the co-main event featuring Taylor and Serrano was fierce. Despite landing fewer punches than Serrano, the Irish star controversially won on points, leaving both women battered and bloody as they gave their all in the ring.
Serrano v. Taylor resulted in an astonishing nearly 50 million households worldwide tuning in live. Netflix data suggests this match is poised to become the most-watched professional women’s sporting event in U.S. history.
Taylor successfully defended her undisputed Women’s Lightweight Championship following a controversial and unpopular unanimous decision against Amanda Serrano. Following on from the memorable 2022 Madison Square Garden event, which was the first-ever female-led main event at the iconic venue, Taylor once again secured victory.
Described as one of the most anticipated feuds in women’s boxing, the fight did not disappoint, reflecting the intensity of their initial fight. Despite the local preference for Serrano, all three judges awarded Taylor scores of 95-94, leaving the Texas crowd disappointed.
Nearly 50 million homes were glued to the screen as Taylor asserted her dominance over Serrano, and Tyson’s defeat of Paul attracted a huge international audience, peaking at 65 million. When Netflix entered the sports streaming market, it faced criticism due to numerous viewer complaints about streaming issues such as connection interruptions and freezing screens.
The triumphant Paul commented after the victory: “Service failure. This is the biggest event.”
Tyson initially performed better in the first rounds, but Paul recalibrated and took control when Tyson appeared tired. Paul managed to land an impressive 78 of 278 punches thrown, in stark relief to Tyson who landed just 18 of 97 punches thrown.
As the final rounds played out, there was a chorus of cheers from the AT&T Stadium crowd as neither boxer seemed to put forth much effort as the two-minute rounds wore on. It’s likely that viewers around the world shared similar sentiments.
UK Boxing
Jake Paul vs Mike Tyson, boxer claims fight ‘fixed’
Published
11 hours agoon
November 16, 2024According to an Undercard fighter, Jake Paul and Mike Tyson became embroiled in controversy after accusations that their fight was “fixed.”
Despite his youth and vigor, YouTuber-turned-boxer Paul seemed to hold Tyson back, leading to a unanimous decision with the scorecards reading 80-72, 79-73, 79-73 in Paul’s favor. In a remarkable display, Paul even bowed to Tyson in the closing moments of the match.
Post-fight comments fueled speculation about the fight’s legitimacy. Sara Bailey, the WBA women’s lithe flyweight champion who supported Lucas Bahdi on the card, openly described the fight as a setup in an interview with ES NEWS: “Yes, it has been fixed, I’m sorry.” Bahdi himself noted Paul’s performance, saying, “I think he is [Paul] It calmed down.”
The dissatisfaction was palpable as many fans left the arena before the result was announced and there were boos at the end of the fight.
Paul admitted in the post-fight press conference that he deliberately avoided a knockout, stating: “Yeah, definitely a little bit. I wanted to give the fans a show, but I didn’t want to hurt someone who didn’t have to do it.” get hurt.”
He also reflected on Tyson’s performance, noting: “There was a point where he (Tyson) didn’t engage in discussion, I could just see his age was showing a little bit. This war on violence… that faded away as the NA rounds passed.
“People just love to hate me. I purposely say things that people might hate. This is what I like to do. If people want to see more…give me a few months. I tried to give the best fight I could.
“When someone just survives in the ring, it’s demanding to make it exhilarating. I don’t care what people have to say. That’s how it is.”
Retired boxing champion Andre Ward told KO Artist Sports: “I don’t want to say it…it seemed like that at times. And honestly, I appreciate it. I didn’t mean to feel this. This.
“What’s the worst that will happen, you’ll get a few boos? But you still honor and pay tribute to an all-time great.”
Paul also revealed another reason for his performance: “Two weeks ago I sprained my ankle, completely tore the ligament, anterior ligament and kind of broke the other side of my foot.”
“I was on crutches for four or five days and it just stopped me from finishing my training camp. I don’t know how it didn’t leak or anything. I missed about two weeks of sparring and that’s why my cardio didn’t work out” I’m really not feeling too good tonight.
UK Boxing
How much money did Mike Tyson make from losing Jake Paul as YouTuber mocks the boxing icon
Published
15 hours agoon
November 16, 2024So Mike Tyson’s controversial return to professional boxing turned out to be everything boxing purists feared. An aggressive burst off the first ball, followed by a destitute display in which the much-feared player looked like a sitting duck as he stumbled around the ring.
The blunt fight, which Jake Paul won by unanimous decision, drew jeers from most of the 70,000-strong crowd at AT&T Stadium in Texas, with many leaving the arena before the final stages.
But while Tyson’s boxing legacy has taken a hit, the 58-year-old’s bank balance has grown enormously.
During most of the preparations, the former world heavyweight champion claimed that his motivation for returning to the ring was not money, but the desire to prove himself again. However, after years of financial conflicts, the amounts offered inevitably led him to agree to fight the YouTuber.
Although neither boxer has confirmed exact figures, Iron Mike is reported to have earned just under £16 million from the fight, which equates to around £1 million per minute. Paul, whose ability to promote himself has long outweighed his actual ability, is said to have pocketed more than £31 million.
Indeed, “The Problem Child” previously spoke candidly about his reasons for targeting Tyson, saying, “This is definitely my biggest payday of any fight.”
He also suggested that the pair would also receive generous bonuses, leading to speculation that Tyson would earn more if he managed to go the distance. “There are definitely some guaranteed amounts and other built-in bonuses and other sales complements – key performance indicators that trigger certain things,” the 27-year-old added.
But while Paul was magnanimous in the immediate aftermath of his monotonous victory, he soon began mocking the icon at the post-fight press conference. Sitting next to promoter Nakisa Bidarian, he said he made good on his promise and beat Tyson from start to finish.
“I mean, what do people say?” he asked. “I told everyone what I was going to do. And this was supposed to give him a boxing lesson.
Bidarian also weighed in, saying, “It was an unbelievable display between a 58-year-old legend and a relatively adolescent 27-year-old boxer. And he (pointing to Paul) actually sent the boxer into the penalty area. Jake Paul sent Mike Tyson just like he promised, right? Every round.”
Regardless, fans and pundits alike reacted cynically and urged Tyson to stay away from the ring. However, immediately after the loss, the veteran called out Paul’s brother, Logan, raising fears that he would once again put his health at risk for another unexpected financial gain.
Mike Tyson and Jake Paul’s Amazing Fight Netflix’s viewership numbers have been shattered
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