World heavy weight champion Anthony Oluwafemi Olaseni Joshua will be expected to pay as much as £1million to defend his titles ahead of his fight against Joseph Parker which is expected to come on March 31 2018, at the Principality stadium in Cardiff City.
According to sources, professional fighters are to shell out three per cent of their purses in sanctioning fees every time they defend their belts and Joshua’s case will not be an exception.
Mirror Sport reports that: with Joshua set to earn around £3m purse fees from his Cardiff clash with Parker, he will have to hand over around £270,000 to the IBF, IBO and WBA. The exasperated world champion said: “Sanctioning fees rack up.”
And his promoter, Eddie Hearn was also quoted by the source to say: “You will see fighters vacate over time — look at Saul Alvarez, who said he didn’t want the WBC belt on the line against Gennady Golovkin.
“But the belts come with what we are trying to achieve. Without the belts, we can’t become undisputed champion of the world.
“We can’t just throw one away, we are trying to make history. The obvious thing to do is to win all the belts – that’s what you should set out for.”
“Any fighter should set out to be the best and win every belt in the division.” Mirror Sport reports.