Tom Loeffler, promoter for IBF, IBO, WBA, WBC middleweight champion Gennady Golovkin (38-0-1, 34 KOs), believes Canelo Alvarez (49-1-2, 34 KOs) is making their negotiations difficult in order to go forward with an easier fight.
The two sides were in serious negotiations for a potential rematch on September 15th.
But their discussions have apparently broken down over the monetary split.
They were scheduled to fight in a rematch on May 5th - but the contest fell out after Canelo tested positive for the banned substance clenbuterol. He was hit with a six month suspension from the Nevada State Athletic Commission.
According to Loeffler, Canelo is standing firm on a 65-35 split - while Golovkin wants something more fair - an even 50-50 split.
Golden Boy Promotions CEO Oscar De La Hoya has made it clear in numerous interviews that Golovkin's new position only proves that he's "scared" of the rematch.
De La Hoya is already making moves to secure a replacement opponent - with Daniel Jacobs, Billy Joe Saunders and Spike O'Sullivan being named.
“He wants a more fair split from Canelo than what he agreed to May 5,” Loeffler said to the Las Vegas Review Journal. “I’d like to still find a way to work it out, but sounds like Golden Boy and Canelo are digging their heels in and saying Triple G doesn’t want to fight him.
“Triple G is not the one who failed the drug tests. He feels out of respect he deserves for it to be even. Gennady is frustrated. He agreed to all the terms for May 5, and he would have abided by those terms, but because Canelo wasn’t careful with what went into his body, he should get a higher more even split.
“I think it’s a shame. This is the biggest fight in the sport of boxing. I think it’s a shame if both sides can’t figure out a way to make this fight happen. The bottom line, Canelo doesn’t want to fight Triple G coming off a year layoff,” Loeffler said. “I think they’re looking for any excuse not to go through with the fight and go to an easy fight, like (Gary) ‘Spike’ O’Sullivan, and that’s their choice. Can’t force him into this.”