Canelo Alvarez has officially been stripped of his IBF middleweight crown after his team were unable to reach an agreement to fight the division’s mandatory challenger.
Sergiy Derevyanchenko was the man set to take on the Mexican superstar next time around and with his position as the mandatory challenger, the fight between the two was seemingly set in stone until the team of Ukranian, according to promoter Oscar De La Hoya, did everything possible to sabotage the fight.
‘We are extremely disappointed at the IBF for forcing the world’s best fighter to relinquish his world title. We have been in serious negotiations with Sergiy Derevyanchenko’s promoter.
‘We offered his team an unprecedented amount of money for a fighter of his limited stature and limited popularity, but the truth is that I’m now certain they never had any intention of making a deal. But instead they wanted to force us to relinquish Canelo’s belt.
‘This is an insult to boxing and more importantly an insult to the boxing fans of the world. This decision validates already existing concerns about the credibility of the IBF championship.
‘Canelo inherited a mandatory challenger by defeating Daniel Jacobs, the man who beat Derevyanchenko, so to strip him of his title without giving him enough time to make the best fight possible is truly what is wrong with boxing, and I plan to aggressively consider all legal actions possible.’
Now, according to The Athletic it appears as though Derevyanchenko will fight the former unified middleweight king Gennady Golovkin for the vacant title instead of Alvarez at some point before the year is out, with an October 5 reportedly being looked at.