Sporting world stunned as boxer signs richest deal in history

Boxer Canelo Alvarez Inks $365 Million Contract With Streaming Network DAZN, Richest Deal in the History of Sports

Canelo Alvarez signs record-breaking $365 million deal with DAZN

His next fight will be against Rocky Fielding at New York's Madison Square Garden on December 15 and the Guadalajara native has a strong chance of being named Forbe's Richest Athlete in 2019, particularly if a third bout with Golovkin materialises. The fight was the last of his broadcast deal with HBO, who recently announced they'll be exiting the boxing game after several decades. The signing of Alvarez kicks off the DAZN-boxing partnership with an exclamation point and plenty of zeroes.

Alvarez turned pro at age 15 and has fought predominantly as a light middleweight or middleweight. He will meet secondary world champ Rocky Fielding on December 15 at Madison Square Garden in NY.

"Canelo is the highest-paid athlete in the world".

Alvarez's handlers at Golden Boy Promotions, run by former world champion Oscar De La Hoya, brokered the deal with DAZN, an online streaming service that only launched in September. That contract was mostly bought out by the New York Yankees, who he now plays for, when the Marlins needed to make drastic changes to their payroll.

"As we start a subscription service, a good place to start is with a guy who sold 3.6 million pay-per-view buys for close to a quarter of a billion dollars", Skipper said, referring to the audience for the Alvarez-Golovkin rematch.

After signing his contract, Alvarez lauded the deal, which will change the landscape of Amercian PPV - fans had to pay £75 to see his September rematch against Gennady Golovkin, while the new deal will allow U.S. fans to pay the equivalent of £7-a-month for DAZN's services. "It's very important. We have something pending there, so let's make the second fight". It literally takes me 1 night and 1 fight to make what you might make in 5 years and 11 fights! Furthermore, Canelo indicated that, should Mayweather really want to fight again, then he -Canelo - was just the man for the job.

It is a major coup for DAZN to seal the rights of Alvarez's fights, but Mayweather insisted he was still "winning" because he could get $300m a fight.

"I'd love to have the opportunity to prove myself at this point in my career". "I know how important I am to any platform I go to".

Latest News