Usyk’s surprising reaction to Tyson Fury facing $40 million tax fine
The boxing world is abuzz as the highly anticipated Tyson Fury vs. Oleksandr Usyk rematch approaches on December 21. While the bout promises to be a historic showdown for the undisputed heavyweight title, attention has also turned to the staggering tax hit Fury will face on his earnings. With nearly $40 million in deductions, the financial side of this event adds an unexpected layer of intrigue.
Fury’s Lucrative Payday Comes with a Heavy Tax Burden
As part of the prize split, Oleksandr Usyk will take home 60% of the $190 million purse, while Tyson Fury will receive 40%, amounting to $76.1 million. However, Fury’s earnings will be significantly reduced by U.K. tax obligations, leaving him with less than half.
Projections from Jeff Bet reveal that Fury will pay £28.19 million ($35.7 million) in taxes, including £26.99 million in income tax and £1.2 million in National Insurance contributions. This leaves Fury with approximately £31.81 million ($40.3 million) in net earnings.
“Residents in the U.K. are required to pay taxes on overseas earnings, no matter the amount,” explained Jeff Bet. Despite the hefty deductions, Fury’s payday remains substantial as he prepares for his chance to unify the heavyweight division’s four major belts.
This rematch flips the financial dynamic of their first encounter in May 2024, where Fury earned $103 million from a 70% share of the $147 million prize pool. In contrast, Usyk took home $44.4 million from his 30% share. With Usyk now holding the majority of the belts, the rematch’s earnings split reflects his elevated status.
Usyk’s Historic Journey to Heavyweight Greatness
Oleksandr Usyk, the reigning WBA, WBC, and WBO champion, has achieved what few boxers can: undisputed status in two weight classes. After dominating the cruiserweight division, Usyk moved up to heavyweight in 2019 and made an immediate impact. His first fight in the division saw him defeat Chazz Witherspoon, setting the stage for victories over Anthony Joshua and, more recently, Tyson Fury.
In their May 2024 fight, Usyk defeated Fury via split decision, becoming the first undisputed heavyweight champion of the four-belt era. This feat was last achieved under the three-belt system by Lennox Lewis in 1999. However, Usyk has since lost the IBF belt to Daniel Dubois, leaving his remaining titles on the line in the rematch.
The upcoming fight also marks a technological milestone in boxing—the introduction of AI judges. This groundbreaking feature aims to enhance scoring accuracy and could revolutionize the sport moving forward.
Fury’s Preparation and Market Power
Known for his outsized personality and unorthodox style, Tyson Fury has taken drastic steps in his preparation for the rematch. In a bid to reclaim his titles, Fury has isolated himself from his wife, Paris, for three months, embracing an intense training regimen. Sporting a rugged look with a goatee and minimal grooming, Fury is signaling his commitment to redemption.
Despite his loss in their first bout, Fury’s brand remains one of the most marketable in boxing. His WBC belt and larger-than-life persona continue to draw fans worldwide. While Usyk has established himself as a technical powerhouse, Fury’s charisma and global recognition make him an unparalleled figure in the sport.
A Fight for Legacy, History, and Financial Triumph
The Fury vs. Usyk rematch is shaping up to be one of boxing’s most significant events. Beyond the staggering $190 million purse, the fight represents a battle of legacies. For Usyk, it’s a chance to solidify his place as one of the greatest in boxing history. For Fury, it’s an opportunity to reclaim his titles and reassert his dominance.
With the inclusion of AI judges, unprecedented prize money, and the potential to crown an Undisputed Champion, this clash promises to leave an indelible mark on boxing history. Under the bright lights of Riyadh, fans will witness two giants of the sport compete for glory, pride, and a place in the record books.
