Canelo stripped of IBF Middleweight title
Saul “Canelo” Alvarez (52-1-2, 35 KO) claimed IBF title by unanimous decision against former champion Daniel Jacobs in May. In addition, Mexican star unified middleweight belts, already being WBA (Super), WBC and The Ring titleholder.
On Friday (AEST) Alvarez has been stripped of his 160-pound IBF belt after a deal for a mandatory defense against Sergiy Derevyanchenko (13-1-0, 10 KO) fell through. The parties were reportedly far apart on the money, despite DAZN had approved Derevyanchenko as a contender, with a condition “that Alvarez take as much as a $5 million reduction on his US $35 million guarantee for his next bout” (via ESPN).
“The IBF already had allowed for multiple postponements of a purse bid for the bout, and the Derevyanchenko camp even told the IBF it was OK with Alvarez not being stripped at Monday’s deadline to allow them more time to work out a deal,” ESPN reported.
Golden Boy CEO Oscar De La Hoya, who represents Alvarez stated the following:
“We are extremely disappointed at the IBF for forcing the world’s best fighter to relinquish his world title. We have been in serious negotiations with Sergiy Derevyanchenko’s promoter. We offered his team an unprecedented amount of money for a fighter of his limited stature and limited popularity, but the truth is that I’m now certain they never had any intention of making a deal. But instead they wanted to force us to relinquish Canelo’s belt. This is an insult to boxing and more importantly an insult to the boxing fans of the world.”
“This decision validates already existing concerns about the credibility of the IBF championship. Canelo inherited a mandatory challenger by defeating Daniel Jacobs, the man who beat Derevyanchenko, so to strip him of his title without giving him enough time to make the best fight possible is truly what is wrong with boxing, and I plan to aggressively consider all legal actions possible.”
According to The Athletic Canelo is in talks with WBO titleholder Demetrius Andrade (28-0, 17 KO) for another unified bout on October 27 (AEST). Meanwhile, his old foe Gennady Golovkin (39-1-1, 35 KO) is reportedly in negations with Derevyanchenko to contest for a now vacant IBF belt on October 6 (AEST).
Golovkin and Alvarez have previously fought twice. Their first encounter in May 2017 ended in a split draw. Canelo won the second bout last September by majority decision. The trilogy fight might finally happen in 2020.