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Tyson Fury faces losing half of £80 million purse after Oleksandr Usyk defeat

Home> Boxing> Boxing News

Updated 11:07 20 May 2024 GMT+1Published 16:33 19 May 2024 GMT+1

Tyson Fury faces losing half of £80 million purse after Oleksandr Usyk defeat

Fury suffered the first defeat of his professional career on Saturday.

Jack Kenmare

Jack Kenmare

Tyson Fury could lose a large chunk of his prize money from Saturday night's undisputed fight with Oleksandr Usyk, according to an analytics platform.

The Gypsy King, 35, suffered the first defeat of his professional career in Riyadh, Saudi Arabia, as his Ukrainian opponent was crowned the undisputed heavyweight world champion.

Usyk secured the victory via split-decision but regardless of the outcome, both fighters are set for a record-breaking payday.

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Although the final figure is yet to be confirmed. promoter Bob Arum has previously suggested that Fury could earn in excess of £80 million for taking part in the historic bout.

That being said, tax and national insurance laws in the UK could see a large chunk of that sum lost.

According to Stocklytics, Fury would have to pay over £44 million in income tax and around £2 million in national insurance if he was to earn £100 million from the boxing match.

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This would leave him with a total prize fund of just over £53 million.

A Stocklytics spokesman told The Mirror: “If you are a resident in the UK you have to pay tax on overseas earnings in the same way, and that remains the same no matter how much someone might earn.

"Good tax advice is always important and in this case you can be sure the Fury camp will have looked at an agreement that would be the most beneficial.”

The spokesman would also explained how a charity donation could make a difference.

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They added: "You can offset some money by making a charitable donation, and there is a suggestion Tyson Fury will be making a £1million gift to support Ukraine charities, which would reduce his liability a little.”

Image credit: Getty
Image credit: Getty

After the bout on Saturday, Fury sparked controversy when he even appeared to accuse the judges of siding with Oleksandr Usyk because the country of Ukraine is “at war”.

Speaking in the ring afterwards, he said: “I believe I won that fight. I believe he won a few of the rounds, but I won majority of them. And I believe it was – what can you do? – one of them decisions in boxing.

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"We’ve both put on a good fight. Best we could do. And, you know, his country’s at war. So people are siding with a country at war. But make no mistake, I’ve won that fight in my opinion, and I’ll be back. We’ve got a rematch clause."

Featured Image Credit: Getty Images

Topics: Tyson Fury, Oleksandr Usyk, Boxing, Boxing News

Jack Kenmare
Jack Kenmare

Jack is a Senior Journalist who enjoys a long read. He has an encyclopedic knowledge of Football Manager wonderkids from 2005 to the present day, and has interviewed a handful of FM's finest, including Freddy Adu, Supat Rungratsamee and Mika Aaritalo.

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@jackkenmare_

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