British heavyweight Tyson Fury is set to take a significant cut in his earnings from his rematch against world champion Oleksandr Usyk. Financial details reveal Fury's initial $76.1 million take-home pay from the fight will be almost halved due to mandatory tax and national insurance deductions imposed by the United Kingdom.
In the rematch, which is part of a lucrative prize pool of $190 million, Oleksandr Usyk, the current WBA, WBC and WBO champion, should receive 60% of the total money, which is approximately $114 million. In contrast, Tyson Fury's share is 40%, which is $76.1 million. However, this figure is significantly affected by UK tax liabilities. According to projections by bookmaker Jeff Bet, Fury should pay £28.19 million ($35.7 million) in tax. This includes £26.99m in income tax and £1.2m in National Insurance contributions, leaving him with approximately £31.81m ($40.3m) in the end.
Data provider Jeff Beth emphasized the inevitability of these tax liabilities for UK residents earning substantial overseas income. He stated that Daily Mail“If you are a UK resident, you have to pay tax on your overseas earnings in the same way, and that remains the same regardless of how much someone earns. Good tax advice is always important and in this case you can be sure that Fury's camp will consider the deal that would be most beneficial.”
Despite the significant tax burden, Fury's earnings are still substantial. In their opening fight in May 2024, Fury earned $103 million from a 70% share of the $147 million purse, while Usyk received $44.4 million from his 30% share. Fury's strong brand recognition and marketability have positioned him as a leading figure in the heavyweight division.