IBF Orders Purse Bid For Canelo-Derevyanchenko
The insanity around Canelo Alvarez’ next fight continues to grow, as now the unified middleweight champion of the world may lose another belt prior to a scheduled September 14th return.
The situation began a few weeks ago when Alvarez would be stripped of his WBC middleweight championship and then given the status of “Franchise Champion,” which seems to be a higher status than being the actual division’s champion.
Now, Alvarez may be stripped of the IBF title he won earlier this year from Daniel Jacobs, after being unable to negotiate a deal with mandatory Sergiy Derevyanchenko by June 15th.
Alvarez was notified initially by the IBF 11 days after defeating Jacobs for the title, and was granted a 30-day period where he could file an exemption to instead fight in a voluntary defense.
Per Boxing Scene, a purse bid for Alvarez and Derevyanchenko has been set for July 23rd at 12pm at the IBF’s offices in Springfield, New Jersey. Both Alvarez and Derevyanchenko’s camps have been notified by the governing body on Tuesday.
This situation is similar to what Derevyanchenko faced in 2018, when Gennadiy Golovkin was ordered to fight the Russian for the title, causing him to be stripped of the belt and having Jacobs defeat Derevyanchenko at the Nassau Coliseum,
If stripped, Alvarez’ rival, Golovkin, would then be ordered to fight the mandatory challenger, as he is ranked right below Derevyanchenko in the IBF rankings.