De La Hoya Slams IBF’s Decision To Strip Alvarez Off Title
Legendary Boxer and Promoter Oscar de la Hoya has labelled the IBF’s decision to strip Mexican Saul ‘Canelo’ Alvarez off his middleweight title “an insult to boxing”.
The decision by the IBF was announced Thursday after the Mexican failed to reach an agreement for a bout with mandatory challenger Sergiy Derevyanchenko of Ukraine.
De la Hoya said, “This is an insult to boxing and more importantly an insult to the boxing fans of the world.”
He added that it “validates already existing concerns about the credibility of the IBF championship”.
Alvarez had defeated Daniel Jacobs in May to hold three major titles- the IBF, WBC and WBA.
However, inability to agree a bout with Derevyanchenko even after extensions to the deadline resulted in the strip, with De la Hoya claiming the Ukrainian and his team had been offered an unpreceedented amount of money for a fighter of his limited stature and limited quality.
American Jermall Charlo had also taken the WBC title from Alvarez after the 29-year old (Alvarez) was controversially upgraded by the WBC to Franchise champion- a newly formed status by the body.
Saul Alvarez- boxing’s best paid fighter- had signed a mega broadcast deal in october with DAZN worth £278m. He has lost only once in 55 bouts.
He is now expected to challenge Demetrius Andrade for the latter’s WBO title while Sergiy Derevyanchenko will according to reports face Gennady Golovkin- former unified world champion- for the IBF title which is now vacant.
As it stands now, USA’s Demetrius Andrade holds the WBO title, Saul ‘Canelo’ Alvarez the WBA title and WBC Franchise title while Jermall Charlo of the USA holds the WBC Regular title. The IBF title is vacant.