Canelo Alvarez trainer and manager Eddy Reynoso has confirmed the pound for pound number one, and Mexico’s superstar is now a free agent.
Reynoso made the stunning announcement on Friday as the developments blindsided fans and media around the world.
It’s no secret that Canelo has been unhappy with Golden Boy Promotions and DAZN of late. A lack of action and earnings in 2020 due to the pandemic made Canelo very angry.
With litigation projected to be the outcome, this shocking news has come from leftfield – unexpectedly.
Reynoso said: “Thank you very much to all those who have been pending our administrative problem,” taking to social media and releasing a statement.
“Thank you for your support.
“After several months, we have solved this issue, and we are ready to continue making history.”
The media information, of which WBN obtained a copy, read as follows:
“In my role as a manager and coach of Canelo Alvarez, I allow myself to communicate to the boxing community and all our fans that starting today – November 6th, Canelo becomes a free agent,” stated Reynoso. “So we are ready to continue with his boxing career.
“All this time, we have been working very hard in the gym with a lot of responsibility and discipline. To be in great physical shape and ready to fight this year.
“And it will be (a fight this year),” he added.
“We will announce the date, rival, and place very soon. We will return stronger than ever to keep growing.
“To keep showing that Mexican boxing is the best.”
Canelo last fought in November when defeated Sergey Kovalev to become a four-weight world champion.
A fight with Billy Joe Saunders was set to go down in May, although the coronavirus outbreak ended those hopes.
It now seems that Canelo has negotiated a break away from the massive DAZN contract that had guaranteed him over $35 million per fight.
Maybe both sides feel it’s beneficial to move on in the current unstable climate, but we won’t know more until either DAZN or Golden Boy released their own statement.
Furthermore, where Canelo goes from here is anyone’s guess. Chances are he pushes forward with his promotional company and represents himself.