Tyson Fury to lose nearly £30m in prize money for eye-watering Oleksandr Usyk fight

Tyson Fury, the Gypsy King, is set to lose nearly half of his earnings from his highly anticipated rematch with Oleksandr Usyk. The 36-year-old British boxer is expected to rake in around £60m million from his bout against the Ukrainian in Saudi Arabia.

However, if Usyk, who secured a split-decision victory over Fury in their first meeting in May, wins again, it won't be the only thing Fury loses. According to data analyst JeffBet, Fury will see almost £28m of his prize money deducted by the taxman due to income tax and national insurance he'll have to pay upon returning to the UK.

In total, about 47% of his prize money will go to Her Majesty's Revenue and Customs. He'll have to shell out approximately £28,352,584.69 in tax and an additional £1,209,019.74 in National Insurance.

The fight purse for the Usyk-Fury match is believed to be a staggering $150m, with Usyk taking a larger share due to his victory in the first bout.

A spokesperson from JeffBet weighed in on the tax implications of Fury's earnings, stating: "If you are a resident in the UK you have to pay tax on overseas earnings in the same way, and that remains the same no matter how much someone might earn.", reports the Mirror US.

They added, "Good tax advice is always important and in this case you can be sure the Fury camp will have looked at an agreement that would be the most beneficial."

While the 'Gypsy King' Tyson Fury is known for his hefty prize winnings, he's been laser-focused on rectifying his sole professional boxing defeat. In a recent revelation, Fury disclosed that he hasn't spoken to his wife Paris for three months to maintain the right mental state.

Fury, when discussing his approach to the rematch, said: "A little bit more focus if anything. More laser focus and not as much clowning."

He elaborated on the narrow margins of his previous bout, saying, "If I take them two things to the game-plan then that would be a bit more successful. There's not big margins here. They only gave it to him by a point, [it could have been] a split decision either way, draw, whatever. So there's not massive things we could easily change."

He also contemplated a strategic tweak: "But how about this one? How about I took that 10-8 round away in round nine? It's not a draw anymore is it or a win by a point, it's a clear win. A little bit less fooling and a little bit more focus, laser focus and I should do the job."