By World Boxing Council

The World Boxing Council, with the full cooperation of all interested parties, proudly announces the status of its Middleweight division. Upon the joint request of WBC Middleweight World Champion Saul Alvarez and WBC Middleweight Interim Champion Gennady Golovkin and their corresponding promotional companies, Golden Boy Promotions and K2 Promotions, the WBC has ruled as set forth below.

Both Alvarez and Golovkin shall be entitled to make a voluntary defense of their corresponding championships, so as to maximize the interest on their highly anticipated showdown.

A 15-day free negotiation period will be ordered on the completion of the earlier of the voluntary defenses or May 31, 2016.

If there is no agreement, a purse bid will be conducted under the WBC rules and regulations.

If after their corresponding voluntary defenses one boxer is unable to fight the other for the undisputed WBC Middleweight Championship of the world, the unable fighter will lose his status as champion or interim champion. The fighter able to fight will be named undisputed WBC World Champion.

Canelo vs. GGG is one of the most important events in the sport of boxing, and their promotional companies and partners have been communicating openly and in good faith. The ultimate goal of all involved is to make certain that the best conditions are secured for their fighters and the boxing world, and to preserve their full commitment to abide by, and respect, the governing WBC Rules & Regulations.

The WBC, as the institution governing an eventual Canelo vs. GGG fight, hereby acknowledges, supports and agrees with the parties efforts to allow the most competitive and greatest fight to take place.