Tyson Fury ahead of his clash with Oleksandr Usyk (Image: Getty Images)
is set to lose nearly half of his earnings from his highly anticipated rematch with . The 36-year-old British boxer is expected to rake in around £60million from his bout against the Ukrainian in Saudi Arabia.
However, if Usyk, who secured a split-decision victory over Fury in their first meeting in May, wins again, it won’t be the only thing Fury loses. According to data analyst JeffBet, Fury will see almost £30m of his prize money deducted by the taxman due to income tax and national insurance he’ll have to pay upon returning to the UK.
In total, about 47 per cent of his winnings will go to Her Majesty’s Revenue and Customs. He’ll have to shell out approximately £28m in tax and an additional £1.2m in National Insurance.
The fight purse, which Usyk and Fury are splitting, is believed to be valued at a staggering £150m. Due to his victory in the first bout, Usyk is expected to take home a larger portion of the pot, estimated to be around 60 per cent.
Discussing the taxation on Fury’s earnings, a spokesperson from JeffBet weighed in: “If you are a resident in the UK you have to pay tax on overseas earnings in the same way, and that remains the same no matter how much someone might earn.
“Good tax advice is always important and in this case you can be sure the Fury camp will have looked at an agreement that would be the most beneficial.”
Whilst the financial aspects play their role, Fury, better known as the Gypsy King, has remained single-mindedly devoted to rectifying his sole professional defeat. He recently shared that he hasn’t spoken to his wife Paris for three months to maintain absolute focus.
Oleksandr Usyk and Tyson Fury face off. (Image: Getty Images)
On his approach to the upcoming bout, Fury disclosed: “A little bit more focus if anything. More laser focus and not as much clowning.
“If I take them two things to the game-plan then that would be a bit more successful. There’s not big margins here. They only gave it to him by a point, [it could have been] a split decision either way, draw, whatever. So there’s not massive things we could easily change.
“But how about this one? How about I took that 10-8 round away in round nine? It’s not a draw anymore is it or a win by a point, it’s a clear win. A little bit less fooling and a little bit more focus, laser focus and I should do the job.”
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