According to a report by The Sun, WBC heavyweight champion Tyson Fury has agreed to pay £1.5 million to settle a breach of contract lawsuit with former promoter Mick Hennessy.
Fury, 31-years-old, made his debut on a Hennessy card in 2008 and fought under his banner until 2015 - when Fury shocked the world that November to defeat Wladimir Klitschko for the IBF, WBO, WBA, IBO world titles.
But then Fury was out of the ring for more than two years, as he battled issues with depression and recreational drugs.
When Fury finally returned in 2018, he signed a promotional deal with Frank Warren. And the following year Fury would sign a very lucrative co-promotional deal with Top Rank.
Hennessy filed a lawsuit against Fury, claiming that he breached the terms of their promotional deal.
A few days before the case was heading to court, they reached an agreement.
A source told the paper: “Both Tyson and Mick thought they were in the right. Mick brought legal action and Tyson decided it was easier to settle rather than go through a drawn-out legal battle. Both are happy they are now able to move on.”
In his book Behind The Mask, Fury said he no longer spoke to Hennessy, and admitting “it’s very sad”.
Fury is scheduled to face Deontay Wilder in a trilogy fight, targeted for a date of July 18th. Last month at the MGM Grand in Las Vegas, Fury dropped Wilder twice and stopped him in the seventh round to capture the WBC world title. Wilder exercised his right to an immediate rematch clause, to force a third fight.