Tom Loeffler, who promotes IBF, WBA, IBO, WBC middleweight champion Gennady Golovkin (37-0-1, 33 KOs), says the rematch with Saul "Canelo" Alvarez (49-1-2, 34 KOs) is having serious problems due to the financial split.
They were scheduled to fight each other on May 5th, but the contest fell apart after Canelo tested positive for the banned substance clenbuteral in a pair of drug tests that were taken in February.
Because of the positive tests, Canelo was suspended for six months by the Nevada State Athletic Commission.
They first met in September 2017 at the T-Mobile Arena in Las Vegas. The contest ended in a controversial twelve round split draw.
Canelo plans to fight on September 15th, as part of Mexican Independence Day weekend.
As previously reported on BoxingScene.com a few days ago, Golden Boy Promotions, who promote Canelo, are now looking for a new opponent after stating to various media members that Golovkin rejected the rematch.
According to Loeffler, Golovkin is simply looking for a better deal.
He says Canelo is holding firm on a 65-35 financial split - while Golovkin, as the unified champion, wants at least a 50-50 split. There was a split of 70-30 in the first contest.
Loeffler previously explained that Canelo gave Miguel Cotto a 55% share of the money back in 2015 - and the Golovkin fight did a bigger gate and a higher pay-per-view buyrate.
“All Gennady came back with is that, ‘I just want a fair split, I want a 50-50 split. I’m the champion,’” Loeffler said to The Press Enterprise.
“We made a lot of concessions for the first fight, was a very low percentage for Gennady. We made a lot of concessions for the rematch after Gennady proved his value.
“But Canelo, for whatever reason, was insisting on still having a huge advantage. … It was 65-35 percent for the rematch and Gennady thinks that’s just not fair. Taking 35 percent as the champion is just not fair.”