Wow! Triller just outbid other big promoters by a large margin. Most expected Lopez was still going to go with his usual platform which was ESPN. He was a star in the making before, but after landing a huge upset win against the then pound for pound king, he is now the king in the lightweight division.
The Lightweight Champion, Teofimo Lopez will defend his belts against mandatoy challenger George Kambosos on Triller as their streaming platform.
The Matchroom Boxing also bidded for the fight, which was $3.5M and Bob Arum’s Top Rank for $2.3M both were not even close to what Triller’s offer of $6.18M.
Woah! Triller bids 6,180,000 on Teofimo-Kambosos. Can’t imagine anyone coming close to topping that.
— Mike Coppinger (@MikeCoppinger) February 25, 2021
Speaking of Bob Arum, he was also pleased with Triller’s winning bid since they also got $800k in just five minutes. Lopez is under Top Rank’s contract, so they still get a percentage of the purse.
“It’s terrific and wonderful that Triller put a bid the way they did. I hope it works out for them because we made a lot of money in five minutes. Almost $800,000 is pretty good money. Sh–, that’s really great, because Lopez vs. Kambosos is not a premier attraction. It’s not a must-see fight like Oscar Valdez vs. Miguel Berchelt. It’s a fight between the guy who just beat Vasiliy Lomachenko against someone who is not an elite fighter. If it was Teofimo versus Ryan Garcia, the purse bid would be a whole lot different.
He also said that pursuing the Kabosos fight is not worth huge money as he is not a big name and and elite fighter. It works great for both sides and even for Lopez since he can get a taste of other platforms as well. It could also gauge how many viewers are interested in Lopez fighting.
It is certainly shocking for Triller to bid such a high amount given the margin of the other promoters. Triller may be new to the game but they certainly shook the boxing landscape with this recent action.
Triller is certainly new to the game but some may have heard of it since it was the streaming platform that hosted the exhibition match of Mike Tyson vs Roy Jones Jr. The event was a huge success that even beat a lot of championship fights.
Going to the fight of Tyson, Triller had invested a lot in their advertising and marketing but it showed to pay dividends given the huge success in terms of revenue.
Teofimo Lopez reacted to the news via his Twitter account. It certainly puts a smile in Lopez’s face as it would be a massive payday for the fighter and he definitely deserves it.
$6Million from Triller! Goodbye world 🌎🍾 #LopezKambosos
— Teofimo Lopez (@TeofimoLopez) February 25, 2021
The risk he took in fighting Lomachenko where a fight many expected him to lose, he instead rose to the occasion and won the fight. He of all lightweights deserve to get this massive opportunity. The question will be did Triller overbid and expects too much for Lopez or will the bid be worth it as Lopez may be the future of boxing.