Remember the now-canceled Canelo Alvarez vs. Jake Paul fight? Yes, that one! As it turns out, Saudi Boxing Chief Turki Alalshikh wasn’t the only factor behind its downfall. According to boxing insider Rick Glaser, Paul’s business partner, Nakisa Bidarian, played a major role in sending the fight to its inevitable doom.
Earlier this month, reports surfaced that Canelo and Paul were in advanced talks for a May 3rd boxing match, set to be broadcast live on Netflix. However, The Ring later revealed that His Excellency Turki Alalshikh swooped in at the last minute to sign Canelo to a four-fight deal, effectively killing the matchup.
Frustrated over losing out on a massive payday, Paul took to social media, calling Canelo a money-hungry squirrel while flashing what he claimed was their signed fight contract. But according to Glaser, there’s more to the story—and a huge reason the fight collapsed appears to be Paul’s own business partner.
“Sources close to the now failed negotiation for Canelo-Jake Paul have confirmed the deal fell apart at the 11th hour due to MVP CEO Nakisa Bidarian attempting to renegotiate terms with Canelo,” Glaser wrote on X. “Including financial split, & demanding other privileges from Boxing’s biggest Star Canelo.”
Wow!!! Sources close to the now failed negotiation for Canelo-Jake Paul have confirmed the deal fell apart at the 11th hour due to MVP CEO Nakisa Bidarian attempting to renegotiate terms with Canelo, including financial split, & demanding other privileges from Boxing’s biggest…
— Rick Glaser (@RealRickGlaser1) February 12, 2025
Glaser also suggested that the document Paul proudly displayed in his video wasn’t actually a fight contract but rather a “confidentiality agreement.” He even offered some advice to Paul’s team, urging them to handle negotiations more carefully next time. “The next time Bidarian has an opportunity to do big business in Boxing, he should get the deal closed before Jake Paul starts celebrating,” Glaser wrote.
The post Jake Paul’s Business Ally Is the Alleged Culprit Behind Canelo Alvarez Fight Collapse- Boxing Rumors & Updates appeared first on EssentiallySports.
