Recently world champion in the lightweight title (to 61.2 kg) for the IBF Teofilo Lopez said that his bout with Vasyl Lomachenko will not take place. They say that the Ukrainian is in Ukraine and the closing of borders will not be able to return to the US for a fight. However, according to the source, the main reason for not closing the borders, and a significant reduction in fees of boxers, which will follow after the pandemic coronavirus.
Earlier it was reported that for the fight with Teofilo Lopez Lomachenko can make a record fee in the quarry – $ 4.5 million. Now, however, the market of Boxing changed and the same amount for the fight Lomachenko is unlikely to get.
Such changes are caused by market conditions. Rights fights Basil owns the American company Top Rank, which pays fees Lomachenko. The main source of income Top Rank is selling the TV rights to their Boxing show. Partner Top Rank television giant ESPN, which is due to the quality of the content is developing its streaming platform, ESPN+. The contract signed in 2018, has allowed Top Rank to generate more profit and increase the fees for their fighters. But in recent months the situation has changed. ESPN is not buying the broadcast from Top Rank, because sports shows are not held. Telepartner contract with the promotional company is reviewed. And this directly affects the fees of boxers.
Besides promotional company in the current circumstances, temporarily deprived of another significant income. His first Boxing show after a pandemic will be held without spectators. And the sale of tickets to the show was the second source of income after the sale of television rights.
These reasons determined the collapse of the fees of the boxers. Have said even Lomachenko promoter Bob Arum. According to him, boxers need to deal with a significant reduction in fees.