Australian boxer George Kambosos Jr’s title fight is in the mud again after the company that promoted the fight pulled the plug after it blew millions.
After spending around $ 10million (AU $ 13.7million) promoting Australian boxer George Kambosos Jr’s lightweight title fight against Teofimo Lopez, Triller finally ended the fight promotion.
Triller sent shockwaves through the boxing community after securing Lopez’s rights against Kambosos with a bold US $ 6million (AU $ 8.2million) bid for the mandatory IBF title fight in February.
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Kambosos and Lopez’s fight was originally scheduled for June 5, but the date has been continually pushed back four times due to a host of complications, including Lopez contracting Covid a week before their postponed June 19 date.
But after months of pouring money into the fight with no real fighting to show, Triller finally threw in the towel.
“[With] the advertising that we had lined up, the performance marketing that we had lined up, the radio spots, the TV spots, all that stuff, frankly it’s fair to say at the moment, we’re $ 9 million to $ 10 million in promotion dollars, promotional money, that we spent to promote this fight, ”Meier told Yahoo Sports.
“We didn’t get anything out of it and… that’s why we say enough is enough.”
Meier’s announcement comes just days after Kambosos legal adviser wrote to the IBF on Tuesday, asking them to find Triller in default of his obligation to honor the contracts they signed to ensure that the fight of the Australian against Lopez would continue.
The letter from Kambosos ‘attorney Greg Smith was obtained by ESPN, as Smith also claimed that Triller misinformed Lopez that Kambosos had signed a contract clause allowing the location to be moved, but Kambosos’ contract no. never specified the Barclays Center in Brooklyn, New York, as the location.
“Triller broke the contract, lied to the IBF about Mr. Kambosos’ agreement to move the fight and attempted to coerce Mr. Kambosos into carrying out an amendment that is not in accordance with the IBF. [rules] in that it does not specify a place, ”Smith wrote.
“Triller should be declared in default … and should be excluded from future stock market offers for his blatant behavior.”
Kambosos and Lopez had both signed a contract to fight on October 4 at the Hulu Theater in Madison Square Garden in New York City, but Triller chose to move the fight to October 16 so they wouldn’t compete with the NFL on Monday. evening. .
Triller giving up on promoting the fight, the stage is set for Matchroom Sport of legendary boxing promoter Eddie Hearn to jump in and secure Lopez’s rights against Kambosos.
Matchroom Sport made an initial offer to host the fight in February, but were blown out of the water by Triller’s stunning offer.
Kambosos, who holds a record 19 wins and no losses, has not fought since winning over Welsh boxer Lee Selby by split decision in October last year.