Canelo Álvarez signs richest contract in sport history, worth $365m
17 October 2018 02:23
Boxer agrees 11-fight contract with streaming service DAZNMexican fighter faces Britain’s Rocky Fielding on 15 DecemberCanelo Álvarez has signed the largest contract in the history of sport, agreeing a five-year, 11-fight deal worth at least $365m with streaming service DAZN.The move comes after DAZN, which only launched in the US in September, looks to exploit a gap in the market after HBO announced it will end its 45-year history of broadcasting boxing at the end of 2018. Álvarez has a huge following in Mexico and the United States and his fights have pulled in hundreds of millions of dollars on pay-per-view. However, his fights on DAZN will not be part of a pay-per-view deal but will instead be accessible to viewers who pay $9.99 a month for a streaming service showing a package of combat sports. The Mexican fighter can also earn money on top of his deal if he helps bring in a certain number of subscriptions during his contract. Related: Canelo Álvarez edges Gennady Golovkin by majority decision in epic sequel Continue readingread full article
