The former world champion, who now oversees the career of super bantamweight star Carl Frampton, was chatting with Balding alongside David Haye and son Shane, who is an accomplished trainer in his own right.
McGuigan was asked directly about the recent controversy caused with comments in a UK media interview, but says boxing needs characters like Fury and that the top division ruler is not a nasty guy.
Watch the full show on BT Sport 1 from 8.00pm on Thursday or on BBC Two at 10pm on Friday 8th January.
