Promoter Eddie Hearn appears to have taken a page off the deficit hawks on Capitol Hill.
The Matchroom boss, who has made a name for himself for his extravagant payouts among other things, recently expressed unusual financial discretion after being asked if he would make offers on potential wallets, particularly regarding the Teofimo Lopez-George Kambosos IBF – Lightweight title fight and the recently mandated Terence Crawford-Shawn Porter WBO welterweight title fight.
Hearn actually bid for the Lopez and Kambosos fight in February, finishing second for $ 3,506,000, well above Lopez’s promoter top rank ($ 2,315,000) but not enough to trill that was a whopping $ 6,018,000.
However, Triller has yet to stage the fight. Repeated postponements and opposition from Lopez’s side have apparently put this show at risk. As BoxingScene.com previously reported, Top Rank has a contingency plan to promote and televise the fight should Triller default on its original bid. According to IBF rules, if the first bidder fails, the fight goes to the second bidder, who would be Hearn’s Matchroom (top rank is the third). However, Matchroom is under no obligation to advance the fight.
When asked if he would be interested in promoting the Lopez kambosos in case Triller fails, Hearn gave a lukewarm answer.
“Possible,” Hearn said on the SI Boxing podcast. “I – I don’t know. Sometimes when something is so messy … It seems like Triller is fighting the battle in Australia. I don’t know logistically. What a mess. You have a guy (Lopez) who defeated Vasyl Lomachenko and celebrated the fact that he was going to make an absolute fortune, and you have George Kambosos whose life would be completely changed by a monstrous seven-figure payday. It all fell apart. Probably at the moment [it] It seems like Triller doesn’t want to spend the money on this fight by looking in as a fan. ”
Aside from the timing and volatility of the fight, Hearn also seems to believe that the fight is no longer worth what it was back in February, which is not least a significant shift in his usual icy attitude. Because since he announced his multi-billion dollar contract with the streaming platform DAZN in 2018, Hearn has made it his business to pay more for fights that don’t necessarily deserve such a price, mainly as an effort to find his way into the American market To pave the way for boxing market. Now that Hearn has more or less established the previously unknown DAZN as a brand, he has moved on to a more cautious fiscal outlook, which, in his opinion, accurately reflects the changing mood of the market.
“The next answer to your key question for us, ‘Do you want to spend the money on this fight?'” Hearn said. “The market changes every day. One day everyone wants to spend a lot of money, the next day everyone says: ‘This is ridiculous money and actually we’re going to close the hatches.’ That’s just boxing. To answer your question, I’m not sure. Ultimately, it would be a decision by DAZN. Because this wallet requirement would be supported by DAZN. We are not obliged to do this because it no longer really fits into our schedule. If the IBF wrote to me and asked if I would like to do this fight, we would go to DAZN and make a decision. “
Hearn was equally prudent about a potential Crawford-Porter wallet offering. The fight was recently ruled by the WBO, which means that if both Top Rank, who promotes Crawford, and Premier Boxing Champions, who promotes Porter, fail to reach an agreement, it will be a public bid, that is, in the open market.
“We have a very sensible approach to these fights in the sense that we will deliver what we believe is the commercial value of this fight,” said Hearn. “That doesn’t happen very often in boxing, to be honest, and Kambosos versus Lopez is a good example of that. We will speak to DAZN – to answer your question, yes, I think we will probably bid on this fight [Crawford-Porter]. “
Hearn stated that the “commercial value of the fight” is primarily aimed at how many subscribers the fight could attract to DAZN.
“We’re going to speak to DAZN and determine the value of this struggle, and that value is based, frankly, on the subscribers it would attract,” Hearn said. “Terence Crawford has never been a pay-per-view fighter on ESPN. We saw that his numbers at Amir Khan were very bad. But he’s also a great fighter who never really had great dance partners. Here he has one in Shawn Porter … it’s a good fight.
“We will weigh our options, speak to DAZN and determine the real value of this fight. We will offer that. It won’t be a genital measurement competition. “
“If you offer the right money, you will pay your bills,” continued Hearn. “I can’t tell you how many people are winning prize bids and then call me and say, ‘Look, I know I beat you on the prize bid, but do you want to fight? Like what Why did you bid in the first place? Just so you can say that you won? ”