It is now official that the rematch which was cancelled between Canelo Alvarez and WBA and WBC champion GGG (Gennady Golovkin). In the previous year’s summer rematch was kind of controversial and it ended as a draw. This year, the rematch was formerly rescheduled at 5th may 2018, but after cancellation it will now be played on 15th September in Las Vegas at T-Mobile Arena. Finally, after a long negotiating process, it has been agreed that Gennady Golovkin vs. Canelo Alvarez will have a rematch on September 15th. Canelo and Golovkin on their first meet in September 16th produced a draw which was so controversial where most viewers favored the work of Kazakh who was undefeated.
The team was generally happy for having to take part in the boxing sport one of the biggest fights worldwide. All the due respect was directed to the legacy of Golovkin. But with plans of a rematch, the team anticipated that it would promote him and the team more compared to his first matches. Golovkin had dispatched Vanes Martirosyan so fast on the normal HBO and now was suggesting that the rematch be played on the 50-50 revenue split which was opposive to the previously agreed grade of 65-35 favoring Canelo. HBO will broadcast the event on pay per view.
Canelo’s promoter Golden Boy Promotions on his twitter wall on Wednesday 13th June, 2018 posted that the deal had gone through and there is going to be the rematch come September. The rematch failed after Canelo failed in his drug test. Oscar La Hoya the CEO of Golden Boy Promotions sometimes back declared that there is no fight and there is not going to be any fight between Canelo and Golovkin. About two hours later, he retweeted that there will be a fight on the 15th September. The big question is, so what happened? The promoter of Canelo, Golden Boy Promotions, defended the test and blamed the presence of the substance as a contamination of the meat he had taken. From such result, Nevada had to pass a suspension to Alvarez for about six months in April by Nevada Athletic Commission.GGG with his team was given a deadline by GBP so as to agree on the split 57.5-42.5 in Canelo’s favor by Wednesday noon. Initially, Mike Copperinger had rejected the offer but the dialog continued between these two sides. De La Hoya has given a firm deadline where Golovkin should accept the last offer at 57.5-42.5. at around noon, Golovkin had not accepted the offer and so this became a death blow. Eric Gomez the president of Golden Boy and Tom Loeffler the promoter of Golovkin did a deal at last-minute negotiating for the sides and they struck the deal. The final percentage split of revenue they agreed on is not publicly disclosed until the match day. Finally, an agreement of GGG to be paid approximately $30 million was made but Canelo took the figures as larger for the negotiations.
Apparently, Canelo-GGG 11 is currently the biggest of known fight in the year’s sports schedule. This recorded distinction of the match could only be challenged in case there is a unification heavyweight bout between Deonay Wilder and Anthony Joshua if it bears fruit during the fall. On the 5th May, the rematch between these two Golovkin and Canelo was cancelled after a positive test which proved Canelo was under influence of clenbuterol. The promoter of Canelo, Golden Boy Promotions, defended the test and blamed the presence of the substance as a contamination of the meat he had taken. From such result, Nevada had to pass a suspension to Alvarez for about six months in April by Nevada Athletic Commission. Gennady was already happy because of the match which was before him. His promoter said that Golovkin was already too happy because of that respect he was getting for getting into a rematch with Canelo.
The card will be broadcasted by HBO for the amount to be paid per view. The first matchup where the two first met, they fought at a split draw which was so controversial. Adelaide Byrd the boxing judge and UFC veteran gave the Alvarez horrendous scorecard of 118-110 which drew attention throughout the world and destroyed the so entertaining event. The business for that tournament was so spectacular attracting 1.4 million payment for each view and also a pay of $27 million for the live gate. from the match, Canelo earned around $50 million and Golovkin his colleague earned $20 plus million.