British heavyweight Tyson Fury is poised to experience a substantial reduction in his earnings from his rematch against world champion Oleksandr Usyk. The financial details reveal that Fury’s initial US$76.1 million earnings from the bout will be nearly halved due to mandatory tax and National Insurance deductions imposed by the United Kingdom.
In the rematch, part of a lucrative $190 million prize pool, Oleksandr Usyk, the current WBA, WBC, and WBO champion, is set to receive 60% of the total purse, equating to approximately $114 million. Conversely, Tyson Fury’s share stands at 40%, amounting to US$76.1 million. However, this figure is significantly impacted by UK tax obligations. According to projections from the bookmaker Jeff Bet, Fury is expected to remit £28.19 million ($35.7 million) in taxes. This includes £26.99 million in income tax and £1.2 million towards National Insurance contributions, ultimately leaving him with approximately £31.81 million ($40.3 million).
Data provider Jeff Bet emphasized the inevitability of these tax liabilities for UK residents earning substantial overseas income. He stated to Daily Mail, “If you are a resident in the U.K., 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.”
Despite the significant tax burden, Fury’s earnings remain substantial. In their initial May 2024 fight, Fury earned $103 million from a 70% share of a $147 million purse, while Usyk received $44.4 million from his 30% stake. Fury’s strong brand recognition and marketability have positioned him as a leading figure in the heavyweight division.
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