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NEW YORK--(BUSINESS WIRE)--Aug 7, 2023--

There might be a crisis in the heavyweight division unless the television companies, the promoters, the chancers, the tyrants at the sanctioning bodies, the fixers and the fighters start to realise that they are part of a rich history. The heavyweight division is not a random board game, a place where a good spin can turn the world upside down and a place where all sense of perspective is lost. It is not a game, but it is being run like a crazy game of chance. Tyson Fury, Oleksandr Usyk, Anthony Joshua and Deontay Wilder are circling each other with very little real indication that they will fight each other. In many ways, the crisis point was a long, long time ago. There was a bold claim about six months ago that Saudi Arabian riches would transform the heavyweight division, a claim that over $400m was on the table for the leading four men to meet on one night in two fights. A lot of so-called media were delivered to Riyadh and told the hefty Four Kings would fight, it would be in December, and the heavyweight fairy tale would be complete. The chosen insiders were quick to assure everyone that the money was real, the conviction was real and that it would happen. It fell apart; Fury walked away, Usyk kept busy, Wilder and Joshua are still, in theory, part of a crazy plan. However, even their fight in Saudi in January or February is starting to look more and more like a mirage in that fighting desert. Eddie Hearn, the promoter of Joshua, has not yet ruled the fight out. Usyk’s promoter, Alex Krassyuk, has not yet ruled out a Fury fight. Wilder’s people flew to Saudi to do a direct deal with the promotional company there, so presumably they are still part of the circus. Fury, meanwhile, will fight in Riyadh next month, but his fight with former UFC champion Francis Ngannou is being promoted by another branch of the Saudi government. It is difficult to keep up with this soap opera with blood. Ngannou, incidentally, has never had a single boxing match as an amateur or a professional; his 10 rounds with Fury have recently been given a belt by the WBC. It will not be for Fury’s actual WBC heavyweight title, which I guess is a small mercy. The new Saudi belt, complete with diamonds and gold, is still a belt and that means Ngannou, who is being trained by Mike Tyson, will fight for a WBC belt in his first ever appearance in a boxing ring. Shame on the WBC and their desperate attempt to be relevant. I have no problem with the fight, no problem with crossover events, but the WBC’s decision to award the winner a belt is pathetic. The WBC representative in Riyadh will need sharp elbows to get his face on television, because the Saudi families tend to flood the post-fight ring. Ngannou, incidentally, has been measured to possess the hardest punch in history. It is hard to invent this glorious nonsense. Fury has gone down this route because the money is there, and he is sick and tired of the relentless negotiations for a fight with either Usyk or Joshua. He is, it must be said, not entirely innocent. Although it is hard to blame Fury for going down the Ngannou route, talk of a rematch under mixed martial arts rules is slightly alarming. It is probably harmless chat, but the WBC needs to decide how long they will let their champion loose in the lawless playground of celebrity and crossover fights. There is simply no order, no strict rules, and nobody in a position to call a halt to the anarchy. In the last 12 months, Joshua has fought twice, staying busy and learning with his new coach; Fury has not fought since beating Derek Chisora for the third time last December in defence of his WBC title; Wilder has not been near a ring this year; Usyk stopped Daniel Dubois last month to retain his WBO, WBA and IBF titles. Dubois, incidentally, officially launched an appeal against the decision in that fight, claiming that the fight should have been stopped in Round 5 when he landed what he considers a legitimate body shot. Usyk was instead given nearly four minutes to recover. Krassyuk has ruled out a rematch, insisting that the punch was low and illegal. It means that in 2023, with two champions owning four recognised belts, with a lot of television backing and with a lot of quality contenders, there will be only one world heavyweight title fight. It is crazy and self-harming, and no other sport would survive such idiocy. Boxing has always been in a race against time, a race to get as much money as possible, as quickly and safely as possible, but this decaying state is so bad for business that it will hurt the business going forward. Read More Fans tear apart Tyson Fury over claim that Francis Ngannou poses tougher test than Oleksandr Usyk Watch moment topless Tyson Fury goads Francis Ngannou into taking his shirt off during press conference Sean Strickland shocks Israel Adesanya and MMA world with title win at UFC 293 Eddie Hearn outlines ‘deluded’ plan for Anthony Joshua Tyson Fury urged to highlight Saudi Arabia’s ‘disturbing’ human rights record What is an exhibition fight and how is it different to a professional bout?

By Suban Abdulla LONDON British retail sales growth slowed to a seven-month low in May as soaring food

The long awaited return of Aaron Judge was pushed back because of a rain delay. Check here for updates on the Yankees-Orioles rain delay in Baltimore.Just when it looked like Yankees fans would finally get to see Aaron Judge back in action, the weather had other ideas.Bad weather in Baltimor...

By Huw Jones LONDON EU regulators will challenge banks over their failure to properly apply an accounting rule

The scale of Everton’s 10-point deduction has shocked football in a way that is felt beyond Goodison Park. Even figures from other clubs were stunned as they went through the 41 pages of the judgement for breaches of profit and sustainability rules. Part of that is that there was no precedent for this; the Premier League had never done anything like it. That is why many in the rest of world football are watching just as keenly. Over the last few years, a constant refrain in the highest-level boardrooms has been the following: “something must be done about the power of the Premier League”. A fair question is now whether something big is going to change because the Premier League itself has finally done something. Except, the Premier League would be keen to say they didn’t do this. The English top-flight just believed there was a breach and referred it to an independent commission. Even the statement on the competition website was headlined with that. “Everton FC deducted 10 points by independent commission.” That language is read as quite pointed at a time when the Premier League is posing the biggest resistance to an independent regulator. This is all a show of governance. Some of the response, however, has already been an illustration of where the Premier League might be headed over the next decade. That might well be ongoing and fractious debates about what happens in court rooms and legal meetings rather than what happens on the pitch - to say nothing of that said between supporters. Everton, who have publicly made their severe grievance with the outcome clear, have 14 days to launch their inevitable appeal. After that, if the decision is upheld, they can’t go to the Court of Arbitration for Sport. Leeds United, Leicester City, Burnley and - potentially - Southampton have 28 days to lodge compensation claims from loss of earnings due to Everton staying up at their expense. Such long legal cases might be more concerning for the club, rather than what comes next, especially since the weakness of this season’s promoted clubs may well mean 10 points isn’t enough to see Sean Dyche’s side relegated. Sources connected to Everton do also feel that points number will come down on appeal. Coincidentally, some of the club’s harsher critics have already pointed to the example of Luton Town in 2008-09. There is a view, particularly among those relegated, that they shouldn’t have lost out for conforming to the rules. That is where the discussion has gone now the initial shock has passed. On the other side, there has been debate about the logic of the profit and sustainability rules. Most criticism has been reserved for the idea of getting points deductions for losses of £124.5m instead of £105m, particularly when knowledge of that came from internal documents the club openly shared in order to co-operate. Everton themselves closed their statement with what looked like a warning. “The club will also monitor with great interest the decisions made in any other cases concerning the Premier League’s profit and sustainability rules,” it read. There remains so much uncertainty over similar cases. An independent commission is still looking over the 115 Manchester City charges, which is a case of far greater complexity. Chelsea are meanwhile under investigation for a range of potential breaches from the Roman Abramovich era, after the Bureau of Investigative Journalism reported allegations of secret payments possibly relating to transfers and managerial appointments. The new ownership already paid an £8m settlement with Uefa earlier this year for self-reporting potential breaches to the European body and the Premier League. There had been a feeling this may earn good will with authorities but the Everton case illustrates that may not lead to clemency. This is an issue of perception, but one much bigger than how certain details are looked at. Taking in all those cases, and with the added complexity of how interlinked these situations and seasons are, it only deepens this wider debate about where English football is headed. There is now a cloud over at least nine Premier League titles, eight Champions League qualifications and two relegation places, before you even get into more mundane, but still costly issues, like prize money for placings. This isn’t what football is supposed to be about. Supporters are supposed to be able to trust what they see. The entire concept of sport is dependent on it. This certainly isn’t what the Premier League is supposed to be about, especially when so many foreign league executives say that the image of good governance has been part of its immense international growth. There may end being a huge irony to that. This potential explosion of off-field examinations and litigations is increasingly seen as the inevitable consequence of an era when the Premier League was just too laissez-faire in regulation. The view of many competition insiders is that the old Richard Scudamore regime didn’t look seriously enough for breaches as they didn’t want to damage the Premier League brand. What it potentially did, however, was create conditions that could end up harming the brand more than anything. “Nobody likes points deductions or asterisks on the league table,” one source said, “but doing it for smaller cases prevents far bigger problems. “This is all coming home to roost.” The argument can of course be extended to the much wider issue of ownership and how lacking in regulation the Premier League has been on that, too. Two of the cases referenced here involve two of the takeovers that are seen as landmarks in modern football history, in the 2003 Abramovich purchase of Chelsea and the 2008 Abu Dhabi purchase of City. Much of the Everton case could be instructive for both. The scale for punishment is clearly now very high. One paragraph of the judgement makes this all too clear. “At one level, disregard of the potential PSR [profit and sustainability rules] difficulties can be said to increase Everton’s culpability. But the Commission considers that there is a danger of double counting. We have already made clear that our approach is to start by considering the extent by which the PSR threshold has been exceeded: the greater the excess, the greater the culpability. We do not consider that the reasons for the PSR breach should aggravate that culpability unless they can be said to constitute exceptional conduct. For example, a deliberate cynical breach of the PSR to achieve a sporting advantage might increase culpability beyond that already arrived at by the extent of the breach.” These sentences are why many are now openly saying that City and Chelsea could be facing huge points deductions or even demotion, in the event they are charged and found guilty. No punishment could be as straight as direct relegation, though. Any punishment going that far would be an expulsion, at which point the English Football League would have to decide whether they want to admit them. While there may be harsh penalties, though, there evidently isn’t as much of an appetite for retrospective punishment. This could leave previous league tables and records untouched. Public opinion would be very different, though. This is the danger the Premier League has got itself into. Over a decade of English football is under scrutiny. Might this lead into something akin to the Premier League’s “Calciopoli era”, where there is so much litigation; where the very reputation of the game is affected? For all the grimness of that, there are many who believe it could be for the greater good. One source from a football body summed up another view. “Everything has to fall apart to get better.” Read More Why Everton have been handed 10 point deduction as Premier League takes FFP stand Watch: Everton CEO responds to Premier League after point deduction Everton vow to fight to ‘unjust’ Premier League points deduction Everton rocked by points deduction as Premier League toughens on financial fair play Victor Lindelof: Scoring more goals is next step for Manchester United Sean Dyche: Everton are starting to show belief on the road after latest win

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