The World Boxing Council (WBC) has issued ultimatum to Tyson Fury and Deontay Wilder, to reach an agreement on terms of a rematch before February 5.
Both boxers fought out a controversial draw in their first fight in Los Angeles last December.
The WBC sanctioned a direct rematch between Fury and the American last month, ensuring that Wilder did not have to face Dominic Breazeale, a mandatory challenger.
Frank Warren, Fury’s promoter and Shelly Finkel, Wilder’s representative, have not been able to come to agreement on how to share the proceeds ahead of the rematch.
But if there is no agreement, the WBC “will split the purse bid 60-40” in favour of Wilder considering the market value of Fury”, BBC Sports reports.
The figure will be increased from the 30 percent a challenger usually receives.
Frank and Shelly are now expected to negotiate, but if there is no agreement before the WBC’s deadline, the fight will be opened to sealed bids from other promoters, with the highest bid accepted.
If that happens, Fury would then be entitled to 40 percent of the money.