Tyson Fury, left, is eager to have a rematch with Deontay Wilder, but the question is when. Andrew Couldridge / Reuters
Tyson Fury, left, is eager to have a rematch with Deontay Wilder, but the question is when. Andrew Couldridge / Reuters
Tyson Fury, left, is eager to have a rematch with Deontay Wilder, but the question is when. Andrew Couldridge / Reuters
Tyson Fury, left, is eager to have a rematch with Deontay Wilder, but the question is when. Andrew Couldridge / Reuters

When three becomes none: why there are set to be no fights between Anthony Joshua, Tyson Fury and Deontay Wilder in 2019


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When Tyson Fury lifted his giant frame off the canvas, like a regenerating corpse in a zombie film, for a second time in his thrilling title fight against Deontay Wilder last December, the heavyweight boxing world shook on its axis.

After a trademark performance from the British underdog, bewildering his opponent with quick footwork and evasive counter-punching, he was floored by the American in the ninth and then, in the 12th and final round, was viciously dropped again. The remarkable contest looked over.

But somehow Fury – who had struggled with mental health issues and substance abuse in the dark years following his famous victory over Wladimir Klitschko, to become world champion in 2015 – regained his senses to see out the final couple of minutes without any problems.

The crowd in at the Staples Center Los Angeles roared in amazement. He may have been seconds from defeat, but Fury had dominated the contest as a whole and Wilder’s WBC crown was surely his. However, two out the three judges saw it differently with one, clearly watching a different fight to the rest of the world, giving it 115-111 to Wilder. One called it a draw, with the other going for Fury 114-112.

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“The Gypsy King has returned,” Fury said after the bout. “We’re on away soil, I got knocked down twice, but I still believe I won that fight. The world knows I won the fight.”

Talk of a rematch was immediate and, with IBF, WBA and WBO champion Anthony Joshua waiting the wings desperate to be part of the action, the stage was set for potentially the most exciting era of heavyweight boxing since the likes of Mike Tyson, Lennox Lewis and Evander Holyfield battled for supremacy nearly 20 years ago.

But, as is the way with professional boxing at the highest level, politics and business soon got in the way and now, four months after that enthralling night in LA, several large spanners have been thrown into the works.

All three fighters – Fury, Wilder and Joshua – have signed up to fight, sadly none of them with each other. And hopes of those bouts taking place took a major blow in February when 30-year-old Fury signed a US$100 million (Dh367.3m) deal with American broadcaster ESPN to cover his next five fights, while remaining on BT Sport in the UK.

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This was going to make future negotiations, a draining process at the best of times for fights of this magnitude, incredibly problematic as Wilder works with rival American broadcasters Showtime, while Joshua is signed with US streaming service DAZN and Sky Sports in the UK.

First, though, all three unbeaten boxers must negotiate their way past their next opponents.

Wilder, 33, is back in the ring first, taking on fellow American and mandatory challenger Dominic Breazeale in New York on May 18. Breazeale, also 33, has lost only once in 22 fights but that defeat was a brutal one when he was knocked out in the seventh round by Joshua in 2016.

Breazeale said last year that that beating in London “is going to haunt me forever” but insists he is a “different fighter now” and ready to become world champion.

For Wilder – with 40 wins, 39 of them via knockouts – the aim is simple: “I want to get him out of the way. I’m about to smash this fly.”

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Fury, meanwhile, has taken on the easiest fight, on paper anyway. Tom Schwarz might be unbeaten in 24 fights but he has only fought outside of his native Germany twice and never faced someone of Fury’s class.

Fury defended the contest on June 15, calling Schwarz “unbeaten, young, fresh and ambitious” but Joshua’s promoter, Eddie Hearn, called it a “dreadful fight” and an “easy touch".

Even Frank Warren, who looks after the Manchester-born fighter, conceded he was “very disappointed” with the Las Vegas fight, saying that ESPN and co-promoters Top Rank had demanded a warm-up match and “exposure” in the US for their new signing.

Fury, though, clearly still has his eyes on the prize. "Me and Wilder have to have this rematch. I have to take care of Schwarz, he has to take care of Breazeale and then I say we get it on."

His trainer, Ben Davison, hinted last month that a Joshua fight at the end of the year was more likely, “[but] don’t hold me to it”.

Anthony Joshua celebrates victory after the IBF, WBA Super, WBO & IBO World Heavyweight Championship title fight with Alexander Povetkin. Getty Images
Anthony Joshua celebrates victory after the IBF, WBA Super, WBO & IBO World Heavyweight Championship title fight with Alexander Povetkin. Getty Images

Joshua, meanwhile, has arguably taken on the biggest risk. He fights outside of the UK for the first time in his pro career – consisting of 22 wins, with 21 KOs – against unbeaten Jarrell Miller at the iconic boxing venue of Madison Square Garden on June 1, on the American’s home turf of New York.

Jarrell, known as Big Baby, says the Briton has made a “big mistake” in taking the fight and even Joshua is wary of what he called the “banana skin factor” that could derail his hopes of taking on either Fury and Wilder in the near future.

He had booked out Wembley Stadium to fight with Wilder this month, but those hopes were dashed by Fury’s stunning return to the top.

“Things happen, boxing politics,” Joshua, 29, conceded. “We had to branch out and look for other options.”

So for now, the big beasts continue to circle each other and the world waits with baited breath in the hope that “boxing politics” does not stop an era-defining series of fights from taking place.

The final word on that, goes to Wilder: “We need to see one champion, one face, one name. It takes a lot of people and a lot of cooperation to make that happen.”

The Bio

Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity

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 

 

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.”