Golovkin Promoter: Canelo Wants 65-35, We Want Fair 50-50 Split!

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.

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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 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.”

User Comments and Feedback (Register For Free To Comment) Comment by aboutfkntime on 05-30-2018

[QUOTE=Tamuera;18818618]Is that some form of autism or denial? Because I didn't argue for a second about "what Golovkin wants", as much as about what's fair. You are the one who sounds concerned with protecting your little darling readhead Mexican. Purse…

Comment by aboutfkntime on 05-30-2018

[QUOTE=daggum;18818592]cept golovkin has leverage now. he knows canelos options are saunders and spike o sullivan. those proably aren't even ppv options so its canelo's best option to take 50-50. he knows that everyone thinks canelo lost the first fight and…

Comment by -Johannes- on 05-30-2018

Golovkin should counteroffer 40% and take it while he can. Let's be real Canelo even with his PED scandal he is the A side. He outsells Golovkin by a considerable margin, we all know that he who controls the ppv…

Comment by Tamuera on 05-30-2018

Is that some form of autism or denial? Because I didn't argue for a second about "what Golovkin wants", as much as about what's fair. You are the one who sounds concerned with protecting your little darling readhead Mexican. Purse…

Comment by daggum on 05-30-2018

[QUOTE=aboutfkntime;18818577]STOP fixating on what Golovkin wants seriously, who gives a flying fat fk what Golovkin wants ? you sound like his mom Canelo does not, and should not, care..... so, Golovkin is dreaming purse splits are divided based on drawing…

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