By Sean Jones: Eddie Hearn has confirmed on Wednesday that his Matchroom Boxing company is ready to promote the Teofimo Lopez vs. George Kambosos Jr. fight to show it on DAZN.
Hearn sounds confident that he’ll be able to put on the event, which Triller failed to make happen after winning the purse bid to stage it last summer.
Earlier today, the IBF ruled that Triller is in default after they tried to move the Teofimo – Kambosos Jr. fight off the October 4th date to October 16th.
Triller needed the International Boxing Federation mandatory challenger Kambosos Jr. (19-0, 10 KOs) to sign off on the move, but he disagreed.
According to ESPN, Triller could have gotten Kambosos to sign off if they had paid him $300K+ for the move, but that didn’t happen.
With Triller giving up the rights to stage the Teofimo vs. Kambosos fight, it now goes to the next highest bidder, Hearn’s Matchroom Boxing, to put on the fight.
Delighted to confirm that @matchroomboxing will be promoting the big @TeofimoLopez v @georgekambosos unified match up live on @daznboxing. Date and venue announced shortly. Let’s get this show on the road 🔥🇺🇸 🌍
— Eddie Hearn (@EddieHearn) October 6, 2021
Hearn sounds like he’s going to make sure the fight happens between Teofimo and Kambosos, but, of course, unlike Triller, he’s got a lot of experience in promoting. Triller is still new to promoting boxing, so it’s not entirely surprising that they failed to get the fight staged.
Triller will lose their $1.2 million deposit to stage, and that money will be divided, with Teofimo getting 75 percent and Kambosos 25 percent.
Teofimo will get $900,000 and Kambosos Jr. $300,o00, which is a nice chunk of change to go along with what they receive from Matchroom Boxing’s bid of $3,506,000 for the purse bid. Teofimo will get 65% of that total, according to Mike Coppinger.
Teofimo’s purse after the $900,000 is added to the $2,278,900 comes out to $3,178,900. That’s not quite as much as Teofimo would have gotten had Triller put on the card, but at least he’s finally getting the fight out of the way.
Kambosos will be getting $1,227,100 from Matchroom along with the $300,000 of the deposit money for a total of $1,527,100.
Top Rank, the promoters for Teofimo, wants him to get this fight done all ready to move up to 140 to challenge undisputed champion Josh Taylor for his four belts.
Top Rank also promotes Taylor, so it’s a natural fight for the promotional company to make. Teofimo should have made a move up to 140 already rather than wasting a year of his career trying to get his title defense against Kambosos Jr. out of the way at 135.