Boxing board accepts Haye's betting denial



The British Boxing Board of Control are willing to accept David Haye’s “categorical” denial he bet on himself to stop Audley Harrison in the third round of Saturday’s WBA heavyweight title fight.

The Londoner made the boast he and his friends and family had made money from gambling in the immediate aftermath of the farcical destruction of hapless Harrison in Manchester at the weekend.

He clarified those claims today by saying he did not place a bet on himself, directly or indirectly — while board secretary Robert Smith accepted his version of events.

Haye told BBC Radio 5 Live: "I didn't physically go into a betting shop and say 'here's x amount of money'. What I did say was I would knock Audley out in three rounds.

“If he came out earlier I would have knocked him out earlier. My prediction was the third round and I told a lot of people that.

“There was no online betting. It did feel like I’d bet on myself because a lot of people had put money on it, family members and what not.”

Haye also denied having bets placed on his behalf, adding: “I don’t need to. I made enough money from the fight anyway. I don’t need to earn extra money, but I told a lot of people around me. It makes the fight a little more exciting for people.’’

Smith, ringside for the fight at the MEN Arena, told Press Association Sport: "David himself has denied it. He has denied he put any money on himself. He predicted the round and obviously people can listen to his prediction but he has denied he physically got anybody or he himself went and put a bet on himself.

“We have a regulation in place that does not allow anybody to bet on a contest they are taking part in. So if he admitted it, he would have been in breach of that regulation. But he has denied it quite categorically.”

Smith also played down the suggestion Haye deliberately did not try fully in the first two rounds in order to match his prediction.

“I don’t think so,” he said. “I was at the fight and to be honest with you, both of them were scared to get beaten, I think, in the first round.

“It’s a bit like a football match. I was at Cardiff City v Swansea [a Football League Championship match] last week and they were [both] petrified of losing. It was a poor game. And I think in the fight David was wary of walking straight in on a big man like that, and Audley was wary of getting hit by a smaller bloke.

“I watched it again last night and although it wasn’t the best first round I’ve ever seen, I can understand where they were coming from. But I think you have to say when David did open up, the man was hurt. He didn’t fall down, he was hurt, and he got up to fight again.

“I was there, I didn’t think anything of it at the time. Obviously with all the hullabaloo you think about these things but no, I’m satisfied there was nothing untoward going on.”

Smith confirmed the board will scrutinise Harrison’s pathetic performance but believes it would be “extremely harsh” to deny him his purse.

“We’ll consider the reports,” said Smith, himself a former fighter.

“We have powers to withhold the money of any boxer we do not think has given 100 per cent.

“I spent time with Audley on the day of the weigh-in, at the rules meeting and during the course of the day and I’m of the opinion he was convinced he was going to win. Absolutely convinced.

“The fact he didn’t, and that he didn’t really turn up, is very disappointing but he’s got to live with that, ultimately.

“I think it would be extremely harsh to withhold money from him. However, the board will look at it when all the reports come in. But I wouldn’t have thought so.”

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Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

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US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

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Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

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Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.