- The British fighter is preparing to regain bragging rights in Saudi Arabia on Saturday
- Fury had the biggest share of the purse in the first fight but lost to the Ukrainian
- The highly anticipated rematch carries a huge total prize of £150 million
Tyson Fury could lose almost half of his staggering £60million purse for his blockbuster rematch with Oleksandr Usyk on Saturday due to tax and social security contributions.
The Gypsy King is looking to regain heavyweight bragging rights after being defeated by the Ukrainian in Saudi Arabia in May this year.
Usyk became the undisputed heavyweight champion in Riyadh when he handed Fury the first professional defeat of his storied career, beating him via split decision.
Usyk is taking the upper hand in the clash and heads into Saturday’s battle with a whopping 60 percent of the total £150 million purse secured.
Fury, who had the negotiating power in May, is left with the remaining 40 percent.
But even that figure could fall further once HMRC considerations are taken into account.
Tyson Fury will see his income drop sharply due to tax and premium deductions
The Gypsy King will take the smaller share of the purse after the defeat against Oleksandr Usyk
May watched the British fighter suffer his first ever professional defeat to Usyk in Riyadh
According to data collected by JeffBetthe 36-year-old can expect to pay around £28,188,213.60 in deductions, with his take-home pay estimated at £31,811,786.40.
This would mean that as much as £26,986,203 would be paid into the public purse as income tax, while a further £1,202,010.60 would be paid in National Insurance contributions.
Speaking about the huge loss Fury will have to pay, a spokesman for Jeff Bet said: ‘If you are a resident of Britain, you have to pay tax on foreign income in the same way, and that remains the same no matter how much someone might pay. earn.
‘Good tax advice is always important and in this case you can be assured that the Fury camp has looked at an agreement that would be most beneficial.’
However, Fury is unlikely to feel the biggest dent in his bank balance after pocketing a whopping 70 per cent of the purse for the two fighters’ first fight.
In May, the total deal was valued at around £116 million, which would have given Fury an £81.2 million payday.
Usyk is estimated to have pocketed £35 million, equivalent to his 30 percent share.
Ahead of Saturday’s clash, Fury was in bombastic form as he shared his intense preparations for the decisive fight.
Speaking about his training camp, Fury told TNT Sports presenter Dev Sahni: ‘It’s been a long camp. I’ve been away from my wife and children for three months, I haven’t spoken to Paris at all for three months, not a word. Yes, I have sacrificed a lot.’
Sahni responded that it would all be worth it if Fury wins the rematch, to which Fury replied: “It will be worth it, 100 percent.”