Tyson Fury’s $76 million payday was paid for by the taxman – who is the real heavyweight champion here?

British heavyweight Tyson Fury is set to take a significant pay cut from his rematch against world champion Alexander Usyk. Financial details reveal that Fury’s initial earnings of $76.1 million from the bout will be nearly halved due to mandatory tax and national insurance deductions imposed by the United Kingdom.

In the rematch, part of the lucrative prize pool of $190 million, Oleksandr Usyk, the current WBA, WBC and WBO champion, is to receive 60% of the total money, which is approximately $114 million. In contrast, Tyson Fury’s share is 40%, which is $76.1 million. However, this figure is significantly affected by UK tax obligations. Fury is expected to pay £28.19 million ($35.7 million) in tax, according to bookmaker Jeff Bett’s projections. This includes £26.99 million in income tax and £1.2 million in National Insurance contributions, leaving him with approximately £31.81 million ($40.3 million) in the end.

Data provider Jeff Beth emphasized the inevitability of these tax liabilities for UK residents who earn substantial income abroad. He stated that Daily Mail“If you’re a UK resident, you have to pay tax on your overseas earnings in the same way, and that remains the same no matter how much someone earns.” Good tax advice is always important and in this case, you can be sure that the Furia camp will consider the agreement that would be most beneficial.

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