Tyson Fury could lose close to half of his staggering £60million purse for his blockbuster rematch with Oleksandr Usyk on Saturday due to tax and National Insurance deductions.
The Gypsy King is bidding to win back bragging rights in the heavyweight contested after he was bested by the Ukrainian in Saudi Arabia in May of this year.
Usyk became the undisputed heavyweight champion in Riyadh when he handed Fury the first professional defeat of his storied career, beating him via split decision.
Taking the upper hand in the clash, Usyk goes into Saturday’s fight with a staggering 60 per cent of the total £150m purse secured.
Fury, who did have the negotiating power in May, will be left with the remaining 40 per cent.
But even that sum could shrink further, when HMRC considerations are taken into account.
Tyson Fury will see his earnings greatly reduced by tax and National Insurance deductions
The Gypsy King will take the smaller portion of the purse after defeat to Oleksandr Usyk
May saw the British fighter handed his first ever professional defeat by Usyk in Riyadh
As per data collected by JeffBet, the 36-year-old can expect to pay approximately £28,188,213.60 in deductions, with his take-home pay estimated at £31,811,786.40.
This would mean a whopping £26,986,203 would be paid into Government coffers as income tax, with a further £1,202,010.60 paid in National Insurance contributions.
A spokesperson for Jeff Bet said on the monumental loss that Fury is set to pay: ‘If you are a resident in the UK you have to pay tax on overseas earnings in the same way, and that remains the same no matter how much someone might earn.
‘Good tax advice is always important and in this case you can be sure the Fury camp will have looked at an agreement that would be the most beneficial.’
However, Fury is unlikely to feel the biggest dent in his bank balance, after pocketing a jawdropping 70 per cent of the purse for the two fighters’ initial bout.
In May, the total deal was quoted at approximately £116m, which would have left Fury with an £81.2m payday.
Usyk is said to have pocketed an estimated £35m, equivalent to his 30 per cent share.
Ahead of Saturday’s clash, Fury was in bombastic form as he shared his intensive preparations for the decisive fight.
Speaking about his training camp, Fury told TNT Sports presenter Dev Sahni: ‘It’s been a long camp. Been away from my wife and kids for three months, I’ve not spoken to Paris at all for three months, not one word. Yeah, I’ve sacrificed a lot.’
Sahni responded that it would all be worth it if Fury wins the rematch, to which Fury replied: ‘It will be worth it, 100 per cent.’