At best a crude pantomime, at worst a little dangerous – the sports entertainment absurdity that is Jake Paul versus Mike Tyson takes place on Friday amid a chorus of disapproval from the boxing industry.
The bout pits Paul, a 10-1 professional fighter and social media celebrity, against Tyson, the former heavyweight champion of the world.
The fascination, or at least one of them, stems from the fact that Paul is a novice boxer, and Tyson, for a time in the 1980s and early 1990s, was the most feared man in the sport. The talent gap is enormous.
Levelling matters up is the fact that Tyson is 58, has suffered with health problems, and last boxed professionally in 2005 when he was battered into submission by journeymen like Danny Williams and Kevin McBride. At that stage he was a three-round fighter on his best night – and that was 20 years ago.
Tyson’s mythology as the “baddest man on the planet” has long outlived his ability to back it up and despite Paul’s limitations, at 27, he is the younger man by 31 years.
"This is dangerous, irresponsible and, in my opinion, disrespectful to the sport of boxing,” said Matchroom’s Eddie Hearn, who has revealed he is considering leaving the arena once his fighter Katie Taylor is done with her rematch against Amanda Serrano in the co-main event.
"I am in awe of [Tyson], he's one of my favourite ever fighters, one of the greatest of all time – but he's a 58-year-old man. You only need to speak to him and look at him to know this guy should not be in a ring again."
In saner times it’s an idea that might not have made it out of the planning room. Yet through the lens of late-2024 Americana it is set to fill the 80,000-capacity AT&T Stadium in Texas and has been picked up by Netflix.
The unease of boxing’s power brokers is simple to understand. They spend their careers attempting to lure in the casual sports fan, precisely the type of viewer who might be tempted to fire up Netflix this weekend.
So, when what is essentially little more than a gimmick underwhelms or the worst-case scenario that a participant is injured, it has the potential to do major damage to their business.
“I caution myself, I don’t look at it as boxing, I look at it as them just using the boxing ring as a format,” said Todd DeBoef of US promotional company Top Rank.
That format was born in 2017 when Floyd Mayweather and Conor McGregor raked in almost half a billion dollars between them for a boxing versus MMA crossover bout in which the latter never stood a chance.
That event proved that a huge market existed and there has been a steady flow of plastic prizefighting ever since.
That has ranged from the low-rent Misfits franchise up to more credible contests like Tyson Fury and then Anthony Joshua fighting the ex-UFC champion Francis Ngannou – a crossover fight Hearn had fewer qualms about promoting.
Jake and brother Logan Paul have been at the forefront of it. Logan fought Mayweather before pivoting into the WWE, while Jake has successfully transformed himself from internet prankster and “Gen Z” influencer into a full-time combat athlete.
Seeking to monetise his fame he staged several lucrative bouts and racked up a series of victories over retired MMA fighters and other US sports stars.
On the one occasion he faced an actual boxer he lost on points against Tommy Fury in Saudi Arabia. Although Fury, the half-brother of former heavyweight champion Tyson, is little more than a novice himself and is better known in the UK for being on reality show Love Island.
“Iron” Mike, whose chequered past is well-documented, has reinvented himself as an entrepreneur and avuncular pundit, a far cry from the venomous heel who once told Lennox Lewis he wanted to “eat his children”.
Paul’s fans are his fans. They’d pay to watch him fight anyone – and they have done in their droves.
By bringing in Tyson – at a reported cost of $20 million – he has tapped into the mainstream and sprinkled some stardust on his brand.
Understandably, many believe this is little more than cosplay, and the fact that the fight is set for eight two-minute rounds with 14oz gloves helps bolster that impression.
A bout more WWE than authentic boxing – that Tyson will huff and puff for the crowd, going hard to the body and light to the head, before succumbing to a pre-determined result and everyone goes home happy, with the protagonists many millions the richer.
As crazy as it sounds, that’s actually a desirable outcome – a multi-million-dollar heist certainly being more palatable than the notion of Paul exploiting a 31-year age gap against a much-loved and pensionable former fighter to elevate his own celebrity.
Of course, the idea that Tyson might roll back years and deliver an unscripted knockout on behalf of boomers everywhere is what is really driving sales.
And, if recent events have taught us anything, it’s that age is no barrier to victorious comebacks in the US.
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Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
UAE cricketers abroad
Sid Jhurani is not the first cricketer from the UAE to go to the UK to try his luck.
Rameez Shahzad Played alongside Ben Stokes and Liam Plunkett in Durham while he was studying there. He also played club cricket as an overseas professional, but his time in the UK stunted his UAE career. The batsman went a decade without playing for the national team.
Yodhin Punja The seam bowler was named in the UAE’s extended World Cup squad in 2015 despite being just 15 at the time. He made his senior UAE debut aged 16, and subsequently took up a scholarship at Claremont High School in the south of England.
The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
Bugatti Chiron Super Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,600hp
Torque: 1,600Nm
0-100kph in 2.4seconds
0-200kph in 5.8 seconds
0-300kph in 12.1 seconds
Top speed: 440kph
Price: Dh13,200,000
Bugatti Chiron Pur Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,500hp
Torque: 1,600Nm
0-100kph in 2.3 seconds
0-200kph in 5.5 seconds
0-300kph in 11.8 seconds
Top speed: 350kph
Price: Dh13,600,000
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Honeymoonish
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY%20PROFILE
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'THE WORST THING YOU CAN EAT'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
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Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Belong%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Michael%20Askew%20and%20Matthew%20Gaziano%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%243.5%20million%20from%20crowd%20funding%20and%20angel%20investors%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
Liverpool's all-time goalscorers
Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228
Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
Penguin
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5