Canelo And PBC Part Ways

Canelo Alvarez has left PBC after he failed to secure the Jermall Charlo fight for May 4 on Cinco de Mayo Weekend.

Reports indicate PBC was unwilling to pay Canelo a $35 million guarantee to fight Charlo. PBC allegedly restricted those funds for a Jaime Munguia fight, leaving Canelo with a decision to make. Munguia was the tougher fight and would sell more since he is an undefeated Mexican, unlike Charlo.

Munguia is also a natural 168-pounder, while Charlo fights at 160. But since Munguia fights on DAZN, Canelo left PBC with two fights left on his deal. Canelo could now face Munguia and Edgar Berlanga, two undefeated boxers with DAZN, after Al Haymon refused to give into the Mexican’s demands. The current reports say Munguia is the next fight.

Losing Canelo has damaged PBC’s deal with Amazon Prime Video following Showtime’s departure from the sport last year. Alvarez is the cash cow of boxing, leaving Amazon’s huge US subscriber base, which stands at over 160 million without one of the big names in boxing. There is a danger other fighters may demand bigger purses too. Gervonta Davis was already in talks with Eddie Hearn for a Connor Benn fight. While talks broke down, it does show fighters are looking elsewhere.

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