JP/EH has dropped seven-figures from his net worth after making a massive money wager on the outcome of last night’s undisputed lightweight title fight at Madison Square Garden
Eddie Hearn has won a huge $1million bet after his charge Katie Taylor won last night’s undisputed lightweight title fight against Amanda Serrano.
The Matchroom Boxing boss will leave New York up over seven-figures after a gruelling victory at Madison Square Garden in New York. The long-awaited match-up proved every bit the iconic fixture that was billed, with around 17,000 fans packing into ‘the world’s most famous arena’.
Fans were already excited about the massive clash, billed as the biggest in women’s boxing history. But the ante was upped during the pre-fight press conference when Paul challenged Hearn to the big-money wager.
Hearn attempted to wriggle out of shaking hands on the massive bet immediately while on stage, but ultimately agreed to the deal with Paul. And now Paul must pay up after Serrano was defeated in New York.
“You’re fully confident that your charge will be victorious and become undisputed lightweight champion?” Hearn asked Paul, who hit back by saying he was “more confident than you are”.
When Paul suggested that the pair make it more interesting by putting something on the line, Hearn insisted he wouldn’t engage in a tattoo wager like Tyron Woodley did before his first fight with Paul. The YouTube star-turned-boxer replied: “I’ll bet you all of the jewellery that I’m wearing right now that Amanda wins the fight.”
Hearn hit back by joking that he was hoping to bet a lot more than what he evaluated at $10,000, with Paul claiming that it was worth closer to $500,000.
Ultimately, the pair blustered back-and-forth before settling on a seven-figure bet, with Paul immediately offering to shake hands on the wager. However, when it came to making it official in front of the cameras, it took a lot of needling to convince Hearn that it was worth betting such a sum.
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“We’ll talk, I know about your bets” he pleaded, as Paul held his hand out for a handshake. “We’ll talk, we’ll get that together.” “I bet that Amanda wins for a million dollars,” Paul implored, before eventually the Brit agreed, and insisted that they would get it “papered up”.
Paul had been adamant before the fight that he would be awarding the money to Serrano were he to be victorious. However, Hearn wasn’t quite as generous, saying he’ll have to think about where he puts the cash prize.
Asked at the pre-fight weigh-in, Hearn said that he and Paul were still working on the deal. And it remains to be seen if it was ever actually made official with a contract between the two promoters.