Mike Tyson, left, slaps Jake Paul during the weigh-in ahead of their heavyweight bout. AP
Mike Tyson, left, slaps Jake Paul during the weigh-in ahead of their heavyweight bout. AP
Mike Tyson, left, slaps Jake Paul during the weigh-in ahead of their heavyweight bout. AP
Mike Tyson, left, slaps Jake Paul during the weigh-in ahead of their heavyweight bout. AP

Mike Tyson slaps Jake Paul in final face-off ahead of fight


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Former heavyweight world champion Mike Tyson set the stage for an explosive clash with Jake Paul as he struck the social media influencer-turned-boxer in the face during Thursday's weigh-in ahead of their showdown in Texas.

The legendary Tyson, 58, is returning to the ring for his first professional fight in 19 years against social media star Paul in the highly anticipated showdown at AT&T Stadium that will be streamed on Netflix on Friday.

Tyson, who weighed in at 228.4 pounds, approached Paul and immediately slapped the 27-year-old in the face before walking off stage, saying: "Talking's over."

Paul, who turned to boxing four years ago and is heavily invested in combat sports, promised to defeat Tyson, who has a 50-6 record with 44 knockouts.

"He's angry, he's an angry little elf," said Paul, who weighed in at 227.2 pounds. "It's personal now."

The fight has generated tremendous buzz and is the first live boxing match that Netflix has aired as the streamer with more than 280 million subscribers makes inroads into the sports arena.

Tyson is reportedly being paid $20 million for Friday's officially sanctioned bout in Texas, which will be comprised of eight two-minute rounds with the fighters wearing large 14oz gloves.

However, not many are convinced about the contest. The match has divided opinion across the boxing world, with many prominent figures decrying the prospect of Tyson lacing up his gloves nearly 40 years after his professional debut and 19 years after his last officially sanctioned fight.

British promoter Eddie Hearn called the bout "dangerous, irresponsible and disrespectful to boxing".

"Twenty years ago, Mike Tyson retired from boxing, and was shot to pieces, right? I mean, completely shot," Hearn said this week.

Jake Paul during the ceremonial weigh-in ahead of his bout with Mike Tyson in Texas. AFP
Jake Paul during the ceremonial weigh-in ahead of his bout with Mike Tyson in Texas. AFP

"If anyone thinks that Mike Tyson should be in a ring at this age, you either have absolutely no emotional feelings towards the man, or you're an idiot. It shouldn't be happening."

Hearn's rival promoter Frank Warren echoed the sentiments.

"Mike Tyson is 58 years of age and he shouldn't be fighting," Warren said after the bout was announced. "It's as simple as that.

"Anyone with an ounce of brains knows that it is ridiculous. You can be on a motorway stuck in a traffic jam and you get to the end of it and all it is is people who have stopped to look at a crash - and that's what this is."

Tyson retired from boxing after losing to Kevin McBride in 2005, saying he didn't have anything left to give the sport. He last fought in an exhibition against Roy Jones Jr with no fans during the pandemic in 2020.

A fight originally scheduled for July 20 was postponed when Tyson had to be treated for a stomach ulcer after falling ill on a flight.

Tyson said in a documentary chronicling the preparations for the fight that he lost 26 pounds in the process of recovering.

Promoter Nakisa Bidarian, who co-founded Most Valuable Promotions with Paul, said Tyson was cleared medically weeks ago. Bidarian sidestepped a question of how concerned he was for Tyson's health.

"I’m nervous for both men,” Bidarian said. “The reality is Jake’s never been hit by someone like Mike Tyson flush on the chin. And Mike hasn’t fought someone like Jake for a very long time. That’s what makes this interesting.”

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Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

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Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

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Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

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Updated: November 15, 2024, 11:59 AM