Tyson Fury’s $76m payday scrapped by prosecutor – who’s the real heavyweight champion here?

British heavyweight Tyson Fury is set to take a substantial cut in his earnings from his rematch against world champion Oleksandr Usyk. Financial details reveal Fury’s initial $76.1 million take from the bout will be almost halved due to mandatory tax and national insurance deductions imposed by the UK.

In the rematch, which is part of a lucrative $190 million prize pool, Oleksandr Usyk, the current WBA, WBC and WBO champion, will receive 60% of the total purse, equivalent to approximately 114 millions of dollars. Conversely, Tyson Fury’s share is 40%, with an amount of 76.1 million dollars. However, this figure is significantly affected by UK tax obligations. Fury is expected to remit £28.19 million ($35.7 million) in taxes, according to bookmaker Jeff Bet’s projections. This includes £26.99m in income tax and £1.2m in National Insurance contributions, leaving him with roughly £31.81m ($40.3m) .

Data provider Jeff Beth emphasized the inevitability of such tax obligations for UK residents earning substantial income abroad. He declared Daily Mail“If you are a UK resident, you have to pay tax on your overseas income in the same way, and that remains the same no matter how much someone may earn. Good tax advice is always important, and in this case, You can be sure Fury’s camp will have looked at a deal that would be most beneficial.”

Despite the significant tax burden, Fury’s earnings remain substantial. In their May 2024 opener, Fury earned $103 million with a 70% share of a $147 million purse, while Usyk received $44.4 million from his share of the 30 %. Fury’s strong brand recognition and marketing has positioned him as a leading figure in the heavyweight division.