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Eddie Hearn ‘open to all conversations’ amid bn Saudi boxing takeover rumors

Eddie Hearn ‘open to all conversations’ amid $5bn Saudi boxing takeover rumors

In recent years, the boxing scene in Saudi Arabia has disappeared non-existent for now an important player.

On August 3, Turki Alalshikh will launch their first foray into the US boxing market with an enormous card in Los Angeles, entitled Terence Crawford and Israil Madrimov. Six weeks later, the Saudi promoter will dive into the UK market with what could be a mega fight with the potential to sell 100,000 tickets as Anthony Joshua and Daniel Dubois collide at Wembley Stadium.

Oscar De La Hoya expressed his disgust at the prospect a boxing scene controlled by Saudi Arabia, and there were constant rumors that Alalshikh was interested in creating a UFC-style organization for sports. Now Eddie Hearn has spoken on the subject.

Responding to rumors that Alalshikh was in the market to actually buy four of the biggest boxing promotion companies in the world, Hearn said, “It wouldn’t be wise of me to comment too much, that’s all I am open to all conversations that benefit the sport, the fighters, the fans and our company.”

Continuing the idea, the Matchroom boss said: “Some of what was reported had substance, some did not. I think His Excellency’s plans for the sport are incredibly exciting, incredibly ambitious and also very clever. I think he sees a world where boxing can come together to make the best fights more consistent, which would be great news for the sport and great news for fight fans.”

Matchroom Boxing, Queensberry Promotions, Premier Boxing Champions and Top Rank they are all rumored to be targets for Saudi Arabia’s immense wealth, with the concept of creating a new boxing league based in Riyadh. The Saudi capital has already hosted almost every major fight in recent years, including Anthony Joshua’s last two fights and the heavyweight unification fight between Tyson Fury and Oleksandr Usyk last month.

The value of Matchroom Boxing is tentatively placed at around $1 billionand the fulfillment of this dream by Alalshikh would cost somewhere in the $5.1 billion park, a price that would not deter Saudi supporters in the least.

But Eddie insisted it wasn’t just about the money. “For me, it’s not just about the money, it’s about strategy and opportunity, and it’s about fun. If there’s an opportunity to create history and legacy in the sport and really change the face of it and have fun week in and week out, then I’m all ears. I’m always open to evolving and looking for different opportunities.”