Triller Loses $1.2 Million Deposit After IBF Finds Company In Default, Matchroom Boxing To Promote Lopez-Kambosos Fight
The IBF has found Triller in default of the Teofimo Lopez-George Kambosos Jr. purse bid, and Matchroom Boxing promoter Eddie Hearn said they’ll be taking over.
Triller Fight Club, the start-up company, loses its deposit of about $1.2 million, which will be split 75 percent and 25 percent between Lopez and Kambosos, respectively. Hearn announced on Twitter that Matchroom will be promoting the title fight at a venue and date that will “be announced shortly.”
BREAKING: IBF has found Triller in default of #LopezKambosos purse bid. Triller loses deposit of about $1.2M, which will be split between Lopez (75%) & Kambosos (25%). Now up to @EddieHearn if he wants to put on the fight as the under bidder. If not, it falls to @trboxing.
— Dan Rafael (@DanRafael1) October 6, 2021
Hearn added that it will be live on DAZN.
Matchroom Boxing had the second highest bid in the purse bid back in February.
The latest news comes after weeks of back-and-forth between Lopez, Kambosos and Triller’s Ryan Kavanaugh and legal counsel.
Kambosos’ legal counsel sent a letter to the IBF last week declaring a purse bid default after Triller attempted to move the lightweight title fight from October 4 at the Hulu Theater to October 16 at the Barclays Center, paired with a Verzuz event.
“Triller has breached the Contract, lied to the IBF about Mr. Kambosos’ agreement to move the Bout, and attempted to coerce Mr. Kambosos into executing an amendment that does not comply with IBF Rule 10.F.1 in that it does not specify a venue,” Kambosos’ lead attorney Greg Smith previously wrote in the letter, a copy obtained by Boxing Scene.
Triller already announced they were pulling out of the Lopez-Kambosos fight card altogether, but didn’t leave without naming some demands, including stripping Kambosos of his IBF ranking.
RELATED: Triller Ditches Teofimo Lopez-George Kambosos, States Demands In Letter To IBF
Lopez –- after criticizing the potential October 16 move – signed an agreement with Triller to move it to the latter date, cutting a deal on the side to pen his name. Kambosos, however, reportedly got no such offer. He was looking for an extra $400,000 to sign off.
He never did.
This fight has gone through dates including: May 29, June 19, August 14, September 11, October 17, October 5 and October 4.
Delighted to confirm that @matchroomboxing will be promoting the big @TeofimoLopez v @georgekambosos unified match up live on @daznboxing. Date and venue announced shortly. Let’s get this show on the road 🔥🇺🇸 🌍
— Eddie Hearn (@EddieHearn) October 6, 2021