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PBC’s $900M Nightmare Continues as Canelo Alvarez, Terence Crawford Deal Rubs Salt on Mortal Wounds

These are exciting times for boxing! Fans are already buzzing with excitement over the potential matchup between Canelo Alvarez and Terence Crawford as it continues to take shape. It’s hard to believe how things looked just a year ago. Ahead of Alvarez’s September 15 showdown against Edgar Berlanga, His Excellency Turki Alalshikh had remarked, “I decided to disregard the Canelo fight, as I don’t want it anymore.” These comments came after Alvarez set a hundred and fifty million-dollar price condition for fighting Crawford.

Now, things seem to have progressed to the point where both Alvarez and HE Alalshikh, who recently met in London, are taking their association to the next level. Well-known boxing insider Rick Glaser shared an update that both startled and thrilled fans. It didn’t take long for fans to jump into the conversation, sharing their opinions. What caught many by surprise was PBC’s role, or rather absence, in the development. A few months ago, Glaser had tweeted about the rumored $900 million debt that Al Haymon’s promotions had incurred.

Canelo Alvarez: It’s a downpour of fight offers for boxing’s top superstar “Canelo is in the process of signing a 3-fight deal with @Turki_alalshikh, which will include a mega fight with @TerenceCrawford in September,” said Rick Glaser. According to the New York State Boxing Hall of Fame (NYSBHOF) inductee, the potential Crawford-Canelo fight is expected to be the most significant and highly anticipated matchup of 2025.

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