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

Is Mike Tyson v Jake Paul a multi-million-dollar heist or dangerous and irresponsible?


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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.

Defined benefit and defined contribution schemes explained

Defined Benefit Plan (DB)

A defined benefit plan is where the benefit is defined by a formula, typically length of service to and salary at date of leaving.

Defined Contribution Plan (DC) 

A defined contribution plan is where the benefit depends on the amount of money put into the plan for an employee, and how much investment return is earned on those contributions.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Tips for SMEs to cope
  • Adapt your business model. Make changes that are future-proof to the new normal
  • Make sure you have an online presence
  • Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
  • Open communication with customers to see how they are coping and be flexible about extending terms, etc
    Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
Racecard

6pm: Mina Hamriya – Handicap (TB) $75,000 (Dirt) 1,400m

6.35pm: Al Wasl Stakes – Conditions (TB) $60,000 (Turf) 1,200m

7.10pm: UAE Oaks – Group 3 (TB) $150,000 (D) 1,900m

7.45pm: Blue Point Sprint – Group 2 (TB) $180,000 (T) 1,000m

8.20pm: Nad Al Sheba Trophy – Group 3 (TB) $200,000 (T) 2,810m

8.55pm: Mina Rashid – Handicap (TB) $80,000 (T) 1,600m

COMPANY PROFILE

Company name: Blah

Started: 2018

Founder: Aliyah Al Abbar and Hend Al Marri

Based: Dubai

Industry: Technology and talent management

Initial investment: Dh20,000

Investors: Self-funded

Total customers: 40

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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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%3Cp%3EThe%20new%20UAE%20league%20has%20been%20boosted%20this%20season%20by%20the%20arrival%20of%20five%20Pakistanis%2C%20who%20were%20not%20released%20to%20play%20last%20year.%20%0D%3Cbr%3E%0D%0D%0D%3Cbr%3E%3Cstrong%3EShaheen%20Afridi%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3ESet%20for%20at%20least%20four%20matches%2C%20having%20arrived%20from%20New%20Zealand%20where%20he%20captained%20Pakistan%20in%20a%20series%20loss.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EShadab%20Khan%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3E%0DThe%20leg-spin%20bowling%20allrounder%20missed%20the%20tour%20of%20New%20Zealand%20after%20injuring%20an%20ankle%20when%20stepping%20on%20a%20ball.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAzam%20Khan%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3EPowerhouse%20wicketkeeper%20played%20three%20games%20for%20Pakistan%20on%20tour%20in%20New%20Zealand.%20He%20was%20the%20first%20Pakistani%20recruited%20to%20the%20ILT20.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMohammed%20Amir%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3EHas%20made%20himself%20unavailable%20for%20national%20duty%2C%20meaning%20he%20will%20be%20available%20for%20the%20entire%20ILT20%20campaign.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EImad%20Wasim%20(Abu%20Dhabi%20Knight%20Riders)%20%3C%2Fstrong%3E%0D%3Cbr%3EThe%20left-handed%20allrounder%2C%2035%2C%20retired%20from%20international%20cricket%20in%20November%20and%20was%20subsequently%20recruited%20by%20the%20Knight%20Riders.%26nbsp%3B%3C%2Fp%3E%0A
Mica

Director: Ismael Ferroukhi

Stars: Zakaria Inan, Sabrina Ouazani

3 stars

Where to apply

Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020

Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.

The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020. 

Stats at a glance:

Cost: 1.05 billion pounds (Dh 4.8 billion)

Number in service: 6

Complement 191 (space for up to 285)

Top speed: over 32 knots

Range: Over 7,000 nautical miles

Length 152.4 m

Displacement: 8,700 tonnes

Beam:   21.2 m

Draught: 7.4 m

Updated: November 16, 2024, 12:43 PM