Canelo vs. Derevyanchenko Purse Bid Ordered By IBF

By Mark Elezaj

Photo by Al Bello/Getty Images

Canelo Alvarez, the reigning World middleweight champion, is in danger of being stripped of his International Boxing Federation title unless he honors his mandatory title defense against Sergiy Derevyanchenko.

Derevyanchenko (13-1, 10 KO) became the mandatory challenger on April 13 with his victory over Jack Culcay.

Canelo (52-1-2, 35 KO) became the IBF champion after defeating Daniel Jacobs on May 4 in Las Vegas, unifying three of the four major titles in the middleweight division. But since then, Canelo lost recognition as the WBC champion and was “promoted” to their “franchise champion,” elevating Jermall Charlo from interim to the new WBC middleweight champion.

Photo by Edward Diller/Getty Images

The fight is now the subject to a purse bid, which the IBF has officially ordered for Tuesday, July 23 at 12:00 P.M. in Springfield, New Jersey.

Both camps for Alvarez and Dervevyanchenko have been made aware of the hearing.

Canelo was first notified of the mandatory title defense by the sanctioning body on May 15. Neither Canelo nor Golden Boy Promotions has responded to the IBF, Derevyanchko, his promoter Lou DiBella, manager Keith Connolly or adviser Al Haymon.

Canelo reportedly isn’t interest in fighting Derevyanchenko, so he’s expected to be stripped of his title, freeing it up for a potential title fight with former champion Gennadiy “GGG” Golovkin.

“Source tells @TheAthleticBOX IBF is expected to order a purse bid for mandatory title fight between Canelo and Sergey Derevyanchenko. Canelo isn’t interested in that bout, which could clear path for GGG to fight Derevyanchenko for vacant title (top two fighters in IBF rankings),” said Mike Coppinger.

DAZN, the sports streaming platform who Canelo signed one of the richest contract in boxing history with last fall, wants him to fight Gennadiy Golovkin in a third bout, or move up and face the light heavyweight champion Sergey Kovalev.

As of right now, DAZN feels those two are the only fighters suitable for Canelo.

We will keep you posted as more news is made available.

~ The Fighting Voice ~

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