Middleweight Gennady Golovkin has been stripped of his IBF title belt after failing to arrange a fight with a mandatory challenger.
This decision was taken by the global Boxing Federation after the failure of the Kazakh to hold the third of August 2018 fight with mandatory Challenger Sergey Derevyanchenko, according to XSPORT. Instead of the fight Gennady held a may 5 fight with American of Armenian descent Vanes Martirosyan, but the fight was not sanctioned by the IBF.
There have been reports Golovkin and Saunders are close to reaching an agreement to fight.
Promoter Lou DiBella and Derevyanchenko then tried to get the IBF to enforce a fight between Golovkin and Derevyanchenko. He would have had until August 3 to prepare for the fight, but Golovkin never agreed.
The IBF has officially confirmed the decision to take away from Golovkin's championship belt, as the Kazakh ignored the ruling of the mandatory defence against Ukrainian Sergey Derevyanchenko (12-0, 10 KO's).
"It comes as a complete shock that the IBF would make a ruling far beyond what the Derevyanchenko side was asking for".
"Gennady is disappointed in the ruling".
Golden Boy Promotions CEO Oscar De La Hoya said negotiations for a September 15 bout were ending on Tuesday, however, Loeffler said Golovkin is willing to drop his demands for an even split of the money. He always wanted the fight with Canelo. That fight, scheduled for May 5 at T-Mobile Arena in Las Vegas, was canceled because the Nevada State Athletic Commission suspended Alvarez for six months for failing two performance-enhancing drug tests in February. It will be Canelo making 55 percent in a rematch against GGG, which will be much bigger than the first fight was for sure.