What are exchange bids in boxing? Tyson Fury vs Dillian Whyte and Anthony Joshua vs Oleksandr Usyk row explained

Fury ready to fight Whyte amid negotiation confusion

With two fights expected in the coming months, the heavyweight division is currently in a state of confusion and commotion.

Last September there was one match that all British boxing fans had been eagerly waiting for.

Register to our World of Sport newsletter

The i newsletter cut through the noise

Joshua then had to face his WBO mandatory challenger, Oleksandr Usyk.

Fury was victorious in his trilogy, while Joshua was not. The challenge seemed too much to Joshua and the British fight was postponed as the contractually agreed rematch clause was immediately activated by Joshua and his promoter, Eddie Hearn.

As Joshua prepares to take on his Ukrainian rival, Fury has not been tasked with taking on another British competition in Dillian Whyte.

Whyte has been waiting for a title fight since 2017

However, for all this apparent clarity, nothing has been confirmed without official matches being scheduled, and the heavyweight landscape could still go either way.

The WBC had agreed to meet at 6pm GMT on Wednesday, January 26, 2022 for Fury and Whyte to conduct their final negotiations, but have been given a further 48 hours to negotiate freely before any exchange offers are made.

It is now the fourth time that the deadline has been pushed back.

Here’s everything you need to know about what’s likely to happen and what an IPO is…

What is a stock offer?

A scholarship offer would allow any promoter to participate in the discussions and fund the fight. Importantly, a stock offer would only be necessary if the terms of the battle cannot be agreed between the two camps.

Fury is promoted by Frank Warren, Queensbury and Bob Arum, Top Rank, while Dillian Whyte is promoted by Matchroom’s Eddie Hearn.

Joshua, right, will fight Usyk in March or April

If the two sides can agree on a fight, no exchange bids are needed. If they can’t, the promoter who bids the highest wins, and that figure is then divided by the purse split — determining the share each villain will earn from the fight.

Why is Fury vs Whyte so hard to negotiate?

The main issue that seems to be causing the chaos is money. The WBC rules state that a mandatory challenger gets 45% of a scholarship split, although they can change that percentage at their discretion.

In the case of Fury vs Whyte, Whyte only seems to get 20%.

Whyte has not been in a fight with the WBC just because of the split, but he has also indicated that he is not happy with the time it has taken him to clinch a world title.

His promoter, Hearn, insisted an 80/20 split was ridiculous, and while stating that a fight between the pair seemed likely, he also insisted that Whyte should be given a fair chance.

Would Fury fight Oleksandr Usyk?

It would have been possible for Fury to fight Usyk if Anthony Joshua stepped aside. The Telegraph reported earlier this week that Joshua would be willing to set aside £15million to allow Fury and Usyk to fight for the WBC, WBA, WBO and IBF titles, but Joshua has quickly quelled these rumours.

Joshua said on social media: “I hear people say ‘AJ accepts £15million to step aside’. I haven’t signed a contract, I haven’t seen a contract. So as it stands, stop listening until it comes from me .

“I am the man who controls my destiny.”

Another contributing factor is time. If Fury and Usyk were to fight each other, they would have to agree to the terms before the WBC calls for scholarship offers to finalize Fury vs Whyte.

As it stands now, Joshua and Usyk will be fighting in the spring as fans wait to hear what becomes of Fury vs Whyte.

A message from the editor:

Thank you for reading. NationalWorld is a new national news brand produced by a team of journalists, editors, video producers and designers living and working in the UK. Know more about who is who in the team, and our editorial values. We want to start a community among our readers, so follow us facebook, Twitter and Instagram, and keep the conversation going. You can also sign up for our newsletters and receive a curated selection of our best books in your inbox every day

Leave a Comment

Your email address will not be published. Required fields are marked *