Latest news with #705
Daily Mirror
19-07-2025
- Business
- Daily Mirror
Daniel Dubois will immediately lose half of his purse from Oleksandr Usyk fight
The pair will clash for a second time at Wembley Stadium for the undisputed heavyweight title - with both men set to be rewarded for their efforts Daniel Dubois set to lose half of his huge fight purse for his blockbuster rematch with Oleksandr Usyk due to tax deductions. The British heavyweight suffered the second defeat of his professional career to Usyk when they first met back in 2023. The Ukrainian scored an impressive ninth round knockout victory in Poland - but their heavyweight dust-up was not with real controversy. Dubois dropped his rival in the fifth round - but the shot was eventually ruled a low blow. It allowed Usyk plenty of time to recover before he would eventually run away with the fight. This time around, with the Brit looking to level the series, there is a little more on the line on fight night. Both men will compete for the undisputed title. Not only that, the pair are expected to take home a career-high pay cheque. According to reports, the fight purse for the main event is a whopping £150m. Usyk will reportedly take home £97.5m, while Dubois is expected to pocket £52.5m from the rematch. Should Dubois emerge victorious, he will quickly be handed a huge blow when the tax man comes calling. As a UK resident, the 27-year-old would be liable to pay tax at the highest rate. According to research from data experts at Ace Odds, 'Triple D' would face an income tax bill of £23,611,203 on his purse earnings from the fight. For context, that would be enough to fund 965 entry-level nurses, 705 trainee firefighters in London or 630 people at the average UK wage of £37,430. The damage won't be done there, though. Dubois would also need to hand over another £1,052,011 in National Insurance contributions. After making both payments, Dubois would be left with £27,836,786 from his evening's work at Wembley. Watch Usyk vs Dubois 2 live on DAZN This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more £24.99 DAZN Order the fight here Product Description One man who will sympathise the heavyweight star is Tyson Fury. After securing over £70m for his rematch with Usyk in December, that was quickly decimated when HMRC considerations were taken into account. It is believed that the 'Gypsy King' was made to pay an estimated £35,250,000 in deductions, according to data collected by JeffBet. After all the deductions, he reportedly took home £39,750,000. Speaking about the financial loss for Fury at the time, a spokesperson for Jeff Bet said: "If you are a resident in the UK you have to pay tax on overseas earnings in the same way, and that remains the same no matter how much someone might earn. Good tax advice is always important and in this case you can be sure the Fury camp will have looked at an agreement that would be the most beneficial." When is Oleksandr Usyk vs Daniel Dubois? The seqel between Usyk and Dubois is scheduled for Saturday, 19 July, at Wembley Stadium. The fight will be exclusively broadcast live on DAZN PPV. The entire fight card for the night can be accessed live on DAZN PPV, priced at £24.99 in the UK; $59.99 in the US; and $19.99/equivalent in ROW. The DAZN coverage is set to kick off around 5:30pm BST (12.30pm ET / 9.30am PT), with the first undercard fight expected to start at approximately 5.40pm BST (12.40pm ET / 9.40am PT). Usyk and Dubois are anticipated to make their ringwalks at 9:45pm BST (4:45pm ET / 1:45pm PT).
Barnama
13-07-2025
- Business
- Barnama
Hardware Company Director Loses Over RM800,000 To Online Investment Scam
KLUANG, July 13 (Bernama) -- A trader and director of a hardware company lost RM829,705 after falling victim to an online investment scam. Kluang police chief ACP Bahrin Mohd Noh said the 56-year-old man came across an investment advertisement promising high returns on social media in March. After contacting the so-called investment 'agent', the victim was instructed to download an app called 'PHV View' to participate. 'Between June 5 and July 9, he transferred RM829,705 in stages to five different bank accounts for the supposed return of RM4,669,065.25 shown on the app,' he said in a statement today. However, the man was then told he had to make further payments to withdraw the profits. Realising he had been scammed, the victim lodged a police report on July 10 at the Kluang Police Station. The case is being investigated under Section 420 of the Penal Code for cheating. -- BERNAMA
New Straits Times
13-07-2025
- Business
- New Straits Times
Company director loses over RM800,000 in online investment scam
KLUANG: A hardware shop company director lost more than RM800,000 after falling victim to a non-existent online investment scam promising lucrative returns. The 56-year-old man became involved in the scheme in March after seeing a social media advertisement for an investment opportunity. Kluang district police chief Assistant Commissioner Bahrin Mohd Noh said the victim, who was drawn in by the ad, was instructed to download an investment application. He then made a series of payments amounting to RM829,705 into five different bank accounts between June 5 and July 9. "The victim later saw a purported profit of RM4.66 million displayed on the application, but was told he needed to make further payments in order to withdraw the funds," he said in a statement. However, the victim refused to pay and realised he had been scammed when the promised returns never materialised. He lodged a report at the Kluang district police headquarters last Thursday. The case is being investigated under Section 420 of the Penal Code for cheating.
The Sun
13-07-2025
- Business
- The Sun
Kluang trader loses RM829k to online investment scam
KLUANG: A 56-year-old hardware company director lost RM829,705 after falling victim to an online investment scam. The victim, a trader, encountered an advertisement on social media in March promising lucrative returns. Kluang police chief ACP Bahrin Mohd Noh stated that the victim was instructed to download an app called 'PHV View' after contacting an investment agent. Between June 5 and July 9, the man transferred RM829,705 in stages to five different bank accounts, believing he would receive RM4,669,065.25 as shown on the app. When the victim attempted to withdraw the profits, he was told to make additional payments. Realising the deception, he filed a police report on July 10 at the Kluang Police Station. The case is being investigated under Section 420 of the Penal Code for cheating. - Bernama
The Star
13-07-2025
- Business
- The Star
Company director loses over RM800,000 to investment scam
KLUANG: A trader and director of a hardware company lost RM829,705 after falling victim to an online investment scam. Kluang police chief ACP Bahrin Mohd Noh said the 56-year-old man came across an investment advertisement promising high returns on social media in March. After contacting the so-called investment 'agent', the victim was instructed to download an app called 'PHV View' to participate. "Between June 5 and July 9, he transferred RM829,705 in stages to five different bank accounts for the supposed return of RM4,669,065.25 shown on the app,' he said in a statement on Sunday (July 13). However, the man was then told he had to make further payments to withdraw the profits. Realising he had been scammed, the victim lodged a police report on July 10 at the Kluang Police Station. The case is being investigated under Section 420 of the Penal Code for cheating. - Bernama
