Golden Boy Boxing sent out a press release on Wednesday informing boxing media and fans that Canelo Alvarez will not fight Mexican Independence weekend this September.
According to the press release, the “decision was made in an effort to secure the right opponent and to do justice to the level of promotion required for a boxing star of his magnitude.”
Alvarez defeated Daniel Jacobs Cinco de Mayo weekend. One month later, GGG outclassed Steve Rolls to clear the way for the third fight in their trilogy. But it appears that Alvarez is looking for another opponent. There are rumors swirling that Sergey Kovalev may be a new challenge for Alvarez as that fight would likely take place at light heavyweight, meaning Canelo would go up in weight class.
As the dominoes go, if Canelo vacates the September date, one would think that GGG would vie for the opening to fight in Vegas. GGG, a DAZN stablemate of sorts, signed a lucrative deal to be with the digital platform. A fight possibility may be super welterweight Jaime Munguia. The 22-year-old rising Mexican fighter would be a great opponent to fill the void of a Canelo fight.
Payout Perspective:
The loss of Canelo is a hit for DAZN as Alvarez’s Cinco de Mayo weekend fight against Daniel Jacobs aided the digital platform with subscriptions and one-off purchases. The hope is that GGG replaces Canelo this weekend. With that, it would only fuel the fire for a trilogy later down the road. At this point, it appears that Canelo will fight in late November or possibly December (opposite UFC last weekend of the year?). In the short term, the big September boxing event is on a holding pattern.
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