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The Winning Purse Bid for Teofimo’s Next Fight Has the Boxing World Buzzing

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  • 57Blues
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    Well at least Hearn and Arum took it well, they both shook hands with each other and then thanked Trilla for making the fight happen for everyone. I dont pretend to know what this means for boxing on some other scale but for me if they want to PPV this fight I will youtube it at a later date. Thanks for the info.

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  • The Winning Purse Bid for Teofimo’s Next Fight Has the Boxing World Buzzing

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    By Arne K. Lang

    The big buzz this week in boxing was the enormous fee ponied up by the video-sharing, social-networking service Triller to lasso Teofimo Lopez’s lightweight title defense against IBF mandatory challenger George Kambosos. Triller didn’t merely out-bid Eddie Hearn’s Matchroom and Bob Arum’s Top Rank, but out-bid them by a whopping margin. Triller’s purse bid was $6.02 million compared with $3.51 million for Matchroom and $2.32 million for Top Rank.

    Triller’s initial venture into boxing was the Nov. 28, 2020 show at the Staples Center in Los Angeles, a three-hour boxing and music festival, the centerpiece of which was an 8-round exhibition between 55-year-old Mike Tyson and 51-year-old Roy Jones Jr. There were four legitimate supporting bouts -- legitimate in the sense that the competitors were active professional boxers – plus a freak fight between YouTuber Jake Paul and former NBA point guard Nate Robinson.

    When the event was announced, it was panned by hard-core boxing fans, but it was slickly promoted and received a considerable amount of ink from both mainstream sports and gossip magazines. At a list price of $49.99, the event purportedly attracted 1.8 million pay-per-view buys which translated into a gross profit of more than $80 million. The honchos at Triller gambled that folks were still infatuated with Mike Tyson, an astute apprehension, but hedged their bets by conjoining the exhibition with non-traditional boxing fare and they came out a big winner.

    Tyson vs. Jones was a pop culture event and the shebang itself, noted Thomas Hauser, was best understood as an infomercial. Triller’s core demographic is urbanites aged 15 to 27, the so-called hip-hop generation, and the company is playing catch-up in a fierce two-horse race for market share with China-based TikTok, an Internet phenomenon.

    The driving force behind Triller is 47-year-old Hollywood hustler Ryan Kavanaugh who made it big with Relativity Media, a firm that arranged financing for movie projects, but left a few bodies in its wake. The firm filed for Chapter 11 bankruptcy in 2015 and again in 2018.

    Kavanaugh’s business dealings came under scrutiny again this month when Universal Music Group, the world’s largest record company, pulled its catalog from Triller because Triller wasn’t paying its artists. In its response, Triller noted that many of the top earners in MSG are shareholders in Triller. Triller’s most prominent shareholder is rapper Snoop Dogg whose waggish commentary for the Tyson-Jones exhibition was widely hailed as the highlight of the telecast.

    When the Teofimo vs. Kombosos match was announced, it was immediately speculated that it would be hinged to another Mike Tyson exhibition, perhaps against his nemesis Evander Holyfield. Kavanaugh insists that won’t happen. As for the date and location, that too is up in the air with the best guess being that it will be anchored in Miami, likely in May. It can’t happen in Australia, where Kambosos resides, unless the authorities relax the rule that requires visitors to quarantine for 14 days upon arriving in the country.

    The deal with Triller may mark the end of Teofimo’s partnership with Top Rank. If so, Bob Arum is nonplussed. By rule, Teofimo Lopez, as the defending champion, is entitled to 65 percent of the purse. He is contractually obligated to give Top Rank 20 percent, nearly $800,000. Lou DiBella, who promotes George Kambosos, also comes out a big winner.

    Who is George Kambosos?

    The headline in an English-language, on-line publication directed at the Greek community reads “Undefeated Greek boxing sensation….” That’s over the top. In the click-bait era, words like “sensation” have wide currency.

    Kambosos, born and raised in Sydney, Australia, of Greek ancestry (his grandparents are from Sparta) is indeed undefeated: 19-0 (10 KOs). But until recently he was best known as Manny Pacquaio’s sparring partner. He worked in three of Pacquiao’s camps and, by his reckoning, sparred about 250 rounds with the Filipino legend.

    Kambosos won his last two fights by split decision. On Dec. 14, 2019, he outpointed former IBF world lightweight champion Mickey Bey at Madison Square Garden. On Oct. 31 of last year, he outpointed former IBF featherweight champion Lee Selby at Wembley Arena. Neither bout was the featured attraction. Kambosos vs. Bey was underneath Terence Crawford vs. Egidijus Kavaliauskas. Kambosos vs. Selby was the chief supporting bout to the heavyweight contest between Oleksandr Usyk and Dereck Chisora.

    Kambosos punctuated his win over Bey with a knockdown in the final round, but would have prevailed without it. There was no controversy when his hand was raised. Similarly, his triumph over Selby was generally well-received although few fans would have quibbled if the match had been scored a draw.

    In a 2019 interview, Freddie Roach said of Kambosos that he was very quick with hand-speed on a par with PacMan. The biggest difference between the two, said Roach, was Pacquiao’s superior footwork.

    Roach may have been diplomatic when he said that the Aussie had the potential to go all the way as he will certainly be a big underdog when he steps into the ring against Teofimo Lopez who figures to close in the 12/1 range. And the pre-fight pub will be all about Teofimo, in common with the Tyson-Jones exhibition where all the pre-fight talk was about Iron Mike.

    ---

    This reporter bumped into the aforementioned Mickey Bey yesterday. Bey noted that he was hampered going into his fight with George Kambosos as he did not have the benefit of a full training camp. He took the fight on three-and-a-half weeks notice and had been out of the ring for 14 months.

    The personable Bey, who is transitioning to the role of a trainer, waxed euphoric about Devin Haney who he regards as a once-in-a-generation talent. “I really believe he has a chance to surpass Floyd,” he said, referencing Floyd Mayweather’s 50-0 mark. “Haney is better right now than Floyd was at the same age.”

    That’s open to debate, but Devin Haney, currently 25-0, is halfway there and he’s only 22 years old. Whether he stays at 135 or moves up to 140, he will have to run through a gauntlet to get through the next few years unscathed. Both divisions are brimming with talent.

    Check out more boxing news on video at the Boxing Channel
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