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Boxingscene.com

Golovkin Promoter Explains GGG's Position: He Wants Fair Split!

By Steve Kim

So why is Golden Boy Promotions saying they are moving on from the rematch between their client, Saul 'Canelo' Alvarez, and unified middleweight champion Gennady Golovkin?

While Golden Boy feels this now a dead issue, promoter Tom Loeffler of GGG Promotions believes they are still negotiating the rematch for September.

Instead of facing one another in a rematch on May 5th, Golovkin had to settle for facing Vanes Martirosyan on that date at the StubHub Center, after Canelo was suspended for six months by the Nevada State Athletic Commission for testing positive for clenbuterol.

canelo-golovkin-new-york (12)_1

Loeffler told BoxingScene.com - "I'm discussing it with Eric (Gomez, president of Golden Boy), Gennady took a stance because of the situation, he wants a more equitable split. It was pretty one-sided towards Canelo and it's clear the only reason the May 5 fight didn't happen is because Canelo tested positive for two tests.

"So Gennady's the champion and he did make a lot of concessions to make the first fight. He made a lot of concessions to get the rematch and now that he's had some time to think about it after the May 5th fight, he feels that if should be a more equitable split."

It's expected that Alvarez will return to the ring on September 15th.

But it's also clear that Golovkin wants a bigger slice of the financial pie the second time around.

"That's what I expressed to Eric and we'll see if there's a way to get it done. Look, when Canelo fought Cotto - when he was only the WBC champion, Gennady had two titles - they gave [Cotto] the majority of the split," Loeffler explained.

"They gave [Cotto] 55-percent and for Gennady to take a much lower percentage than Cotto's getting... Gennady feels now with the IBF (title) in jeopardy because the May 5 fight didn't happen, having to endure the meeting over there with the IBF, he feels the time that's gone by now, where we could be talking about a different fight than the Canelo fight, he feels that it should be more equitable."

Loeffler then pointed out - "especially with the numbers the first fight did. We more than doubled the gate of Cotto-Canelo, we did about a half-million more (pay-per-view) buys than Cotto-Canelo. So Gennady feels he deserves a more fair split in light of the fight having to be postponed and it was not his fault."

Steve Kim is the news editor for BoxingScene.com.

User Comments and Feedback (Register For Free To Comment) Comment by stealthradon on 05-31-2018

[QUOTE=Scipio2009;18813040]lol. Alvarez is 5'7-5'9, depending on who you believe, and has consistently made the 154lb limit without issue. Fight fit, he's basically 170lbs, and at all of 27 years old, he easily had another year before the boil down would…

Comment by _Rexy_ on 05-31-2018

[QUOTE=LADIV;18806447]ggg has always been a 1 million dollar fighter..he doesnt generate money...he could fight anybody and still make 1 mill Canelo is the money machine..the greed set into ggg when he fought canelo and saw how much money canelo brings…

Comment by Scipio2009 on 05-28-2018

[QUOTE=ThomasJK;18810947]Lets not make Canelo out to be the poor little out weighed opponent against GGG. Guess we all know now why Canelo could drain down to the 155 canelo weight limit. CLENBUTEROL maybe??!!??!!??!!?? Canelo is a middle weight in denial.…

Comment by Death_Adder on 05-28-2018

[QUOTE=stealthradon;18807140]How much did Canelo do against Cotto?[/QUOTE] How much did G-string do against EVERYONE ELSE?

Comment by stealthradon on 05-28-2018

[QUOTE=Metho_4u;18811342]You're a moron, wtf does that have to do with being protected? Does he affect the judges or would oscar? I seriously doubt canelo is heading over the the judges at night and giving them a hand job or finger…

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