Jake Paul, left, Amanda Serrano and Hasim Rahman, right, at Madison Square Garden on July 12, 2022 in New York City. AFP
Jake Paul, left, Amanda Serrano and Hasim Rahman, right, at Madison Square Garden on July 12, 2022 in New York City. AFP
Jake Paul, left, Amanda Serrano and Hasim Rahman, right, at Madison Square Garden on July 12, 2022 in New York City. AFP
Jake Paul, left, Amanda Serrano and Hasim Rahman, right, at Madison Square Garden on July 12, 2022 in New York City. AFP

YouTube star Jake Paul's boxing bout cancelled due to disagreement over weight


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YouTube star Jake Paul's boxing match at Madison Square Garden next week has been cancelled due to a weight issue with his opponent Hasim Rahman Jr., according to his promotional team.

Paul's Most Valuable Promotions (MVP) stated that Rahman had signed an agreement on July 6 to fight at 200 pounds (90.72 kg) and weighed at 216 pounds the following day. However, he was reported to have agreed to make the weight for the August 6 bout.

A weight check on Friday showed Rahman had lost only one pound since then, the statement added, prompting the New York State Athletic Commission (NYASC) to declare it would not sanction a bout unless it was held at 205 pounds.

MVP added Paul was ready to move forward at that weight but Rahman's team told them on Saturday that they planned to pull out of the fight unless it was agreed to at 215 pounds, leading to the entire card being scrapped.

“MVP and Jake Paul will not reward someone that has conducted themselves in such a deceiving and calculated manner,” the statement said, adding that “the boxing community must hold Hasim Rahman Jr. liable for his lack of professionalism.”

Paul was originally set to face Tommy Fury, who was forced to pull out. The YouTube star-turned boxer than moved on to Rahman, the son of the former heavyweight champion who had fought entirely at heavyweight in his 13 pro bouts, weighing as much as 278 pounds.

The card was also to include women’s star Amanda Serrano defending her featherweight title.

Jake Paul knocks out Tyron Woodley

  • Jake Paul looks back after knocking out Tyron Woodley during the sixth round of their cruiserweight fight in Tampa. AP
    Jake Paul looks back after knocking out Tyron Woodley during the sixth round of their cruiserweight fight in Tampa. AP
  • Jake Paul enters the ring. AFP
    Jake Paul enters the ring. AFP
  • YouTube personality Jake Paul fights former UFC welterweight champion Tyron Woodley. AFP
    YouTube personality Jake Paul fights former UFC welterweight champion Tyron Woodley. AFP
  • Jake Paul and Tyron Woodley fight at Amalie Arena. USA Today
    Jake Paul and Tyron Woodley fight at Amalie Arena. USA Today
  • Jake Paul in action against Tyron Woodley. USA Today
    Jake Paul in action against Tyron Woodley. USA Today
  • Jake Paul punches Tyron Woodley. AP
    Jake Paul punches Tyron Woodley. AP
  • Tyron Woodley throws Jake Paul to the canvas. AFP
    Tyron Woodley throws Jake Paul to the canvas. AFP
  • Jake Paul celebrates after knocking out Tyron Woodley. AP
    Jake Paul celebrates after knocking out Tyron Woodley. AP
  • Jake Paul celebrates after knocking out Tyron Woodley. USA Today
    Jake Paul celebrates after knocking out Tyron Woodley. USA Today
  • Jake Paul after knocking out Tyron Woddley in the sixth round. AFP
    Jake Paul after knocking out Tyron Woddley in the sixth round. AFP
  • Jake Paul celebrates after defeating Tyron Woodley. USA Today
    Jake Paul celebrates after defeating Tyron Woodley. USA Today
  • Tyron Woodley lays on the ground after being knocked out by Jake Pau. USA Today
    Tyron Woodley lays on the ground after being knocked out by Jake Pau. USA Today
Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

MATCH INFO

Manchester City 1 Chelsea 0
De Bruyne (70')

Man of the Match: Kevin de Bruyne (Manchester City)

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%3Cp%3E-%20Diriyah%E2%80%99s%201.9km%20King%20Salman%20Boulevard%2C%20a%20Parisian%20Champs-Elysees-inspired%20avenue%2C%20is%20scheduled%20for%20completion%20in%202028%0D%3Cbr%3E-%20The%20Royal%20Diriyah%20Opera%20House%20is%20expected%20to%20be%20completed%20in%20four%20years%0D%3Cbr%3E-%20Diriyah%E2%80%99s%20first%20of%2042%20hotels%2C%20the%20Bab%20Samhan%20hotel%2C%20will%20open%20in%20the%20first%20quarter%20of%202024%0D%3Cbr%3E-%20On%20completion%20in%202030%2C%20the%20Diriyah%20project%20is%20forecast%20to%20accommodate%20more%20than%20100%2C000%20people%0D%3Cbr%3E-%20The%20%2463.2%20billion%20Diriyah%20project%20will%20contribute%20%247.2%20billion%20to%20the%20kingdom%E2%80%99s%20GDP%0D%3Cbr%3E-%20It%20will%20create%20more%20than%20178%2C000%20jobs%20and%20aims%20to%20attract%20more%20than%2050%20million%20visits%20a%20year%0D%3Cbr%3E-%20About%202%2C000%20people%20work%20for%20the%20Diriyah%20Company%2C%20with%20more%20than%2086%20per%20cent%20being%20Saudi%20citizens%0D%3C%2Fp%3E%0A
Updated: July 31, 2022, 10:39 AM