“It Never Worked Out Economically”: Despite His $21 Million Achievement, Top Rank Promoter Details Why He Does Not Regret Not Promoting Terence Crawford in Striking Confession

Terence Crawford has managed to shock the entire boxing world and proved his might with his victory over Errol Spence Jr. in July this year. Crawford reached the pinnacle of the sport as he became the first male to earn the title of a two-division undisputed champion. Reaching such heights was not an easy task, even for someone as talented as Crawford. He even criticized his previous promotions, Top Rank hinting at some murky dealings.

In the beginning, everything seemed right, however as he grew bigger, the two started to grow apart. The two couldn’t see eye-to-eye over the business aspects, and Crawford ended up leaving the promotions. He ended up fighting his biggest fight under Al Haymon’s Premier Boxing Champions. Here’s what Top Rank’s Bob Arum had to say about that.

Bob Arum doesn’t regret the split with Terence Crawford

Bob Arum recently shared insights about not promoting Terence Crawford during what was a pivotal moment in his career. When reflecting on the decision, Arum expressed admiration for Crawford’s skills, stating, “Terence Crawford is a great talent.” Despite acknowledging Crawford’s exceptional abilities, Arum delved into the financial intricacies that influenced his decision.

He stated, “The question is can you match up his economic demands with his actual marketability, and we were not able to do that.” Arum further elaborated on the economic challenges, revealing, “We lost a lot of money promoting his fights.” He refuses to work with Crawford, claiming, “I wish him well, but I’m not prepared or my company isn’t prepared to take those risks. Because, at least with Terence, it never worked out economically.”

Arum highlighted Crawford’s notable bout against Spence, noting its economic success. However, he expressed skepticism about replicating such numbers in a rematch, suggesting, “I really don’t believe that it would be anything like the numbers that the first fight did.” In essence, while Arum recognizes Crawford’s talent, the economic feasibility poses significant challenges. Here’s what Crawford had to say about leaving Top Rank.

Here’s why Crawford left his previous promotion

Some time ago, fresh out of his victory against Spence, Crawford reflected on his career. In a candid chat with Boardroom’s “Out of Office”, he admitted that he once overlooked the intricacies of his contracts. He stated, “Boxing is one of the most corrupt sports there is. We’ll take a $5 million guarantee, not knowing that there’s $30 million that we missed.” According to Crawford, his association with Top Rank soured when he started questioning business aspects.

He recalled, “Once I started asking those type of questions or learning a little bit here and there, then it became a problem between me and my old promoter [Bob Arum of Top Rank].” Now, aligned with Premier Boxing Champions, Crawford emphasizes self-promotion, drawing parallels with Mayweather’s journey. He noted, “I don’t see [Floyd] trying to give the game to the younger fighters because he’s a promoter now.” Crawford believes in seizing control and maximizing earnings, echoing the sport’s business-driven nature.

Read More: Boxing’s Greatest Promoter Bob Arum turns 92 – All You need to know about Top Rank’s Boss and his achievements in the Sport

What do you think about the clash between Crawford and Top Rank? Do share your thoughts in the comments below.

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