June 23, 2021

Canelo Alvarez’s IBF middleweight title vacated

first_imgSaul “Canelo” Alvarez’s IBF middleweight title has been vacated.The news became official Thursday when Canelo’s camp could not come to an agreement with mandatory challenger Sergiy Derevyanchenko on a purse bid for a potential matchup. The IBF notified Alvarez of the decision to strip him of his title in a letter sent out Thursday.”It is crystal clear from the correspondence that on July 26, 2019, (Golden Boy matchmaker) Robert Diaz, on behalf of Golden Boy Promotions, agreed that Saul ‘Canelo’ Alvarez would relinquish the IBF middleweight championship title, with no further negotiations or purse bid, if there was no completed deal between him and Derevyanchenko by the agreed upon extended deadline of Monday July 29, 2019 at 3 p.m. ET,” IBF president Daryl Peoples wrote in the letter, a copy of which was obtained by ESPN. “As of today, August 1, 2019, the IBF has been advised that there is no such deal.”Join DAZN and watch more than 100 fight nights a yearAlvarez (52-1-2, 35 KOs) was attempting to sidestep the mandatory fight against Derevyanchenko for a matchup with WBO titleholder Demetrius Andrade that potentially would have unified the WBO, IBF and WBA titles.There had been multiple postponements of the end date for an agreement on a fight with Derevyanchenko in an attempt to avoid vacating the title, but Peoples in his letter explained why the IBF couldn’t wait any longer. “As to Golden Boy’s request of August 1, 2019 for approval to allow Alvarez to unify the title with WBO middleweight champion Demetrius Andrade (on) or about October 2019, IBF Rule 10 F.5 does not allow a boxer to request an exception since the IBF has sent out the notice of the date of the purse bid,” Peoples wrote. “In this case the notice was sent out and the purse bid has been postponed. In addition, the boxers who were involved in the purse bid are not permitted to take any intervening bouts and if the champion does take an intervening bout he will forfeit the title. Rule 10 F.6. For the foregoing reasons, the IBF hereby declared the middleweight title vacant.”Golden Boy chairman and CEO Oscar De La Hoya said in a statement Thursday night that the decision was an “insult” to boxing and to boxing fans:Oscar De La Hoya weighs in on the IBF stripping Canelo Alvarez pic.twitter.com/mUS7EHTrvf— Mike Coppinger (@MikeCoppinger) August 2, 2019Derevyanchenko (13-1) may have a matchup with Gennady Golovkin awaiting him as he tries to avenge the one loss in his career.Correction: The IBF title once held by Canelo Alvarez has been formally vacated by the IBF. Golden Boy tried to squeeze one more day to come up with the money to satisfy @SDerevyanchenko, but the IBF wouldn’t budge. Derevyanchenko moves on, most likely to @GGGBoxing.— Chris Mannix (@SIChrisMannix) August 2, 2019last_img

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