Jake Paul Claims Eddie Hearn “Backed Out” From Their Million Dollar Bet on Katie Taylor vs Amanda Serrano

The iconic main event wasn’t the only attraction of this historic night. The Co-founder of Most Valuable Promotions, Jake Paul, and the British Promoter, Eddie Hearn, had placed a bet of $1 Million in the biggest fight in female boxing history.

Hearn backed his fighter Katie Taylor while Paul put his money on his fighter, Amanda Serrano. However, things did not go according to the plan.

Jake Paul explains why Eddie Hearn backed out

Unfortunately, the million-dollar bet fell through and didn’t hold up as the British Promoter backed out. According to Paul, Hearn told him the day before the fight that he couldn’t go through with the bet due to some legal issues. He stated, “He [Eddie Hearn] said that legally he couldn’t do it for some reason.”

However, fans shouldn’t lose hope as Paul further added that the two promoters will figure something out and make this bet happen for a noble cause. He said, “We are gonna try to figure some bet out to help charity but we are gonna figure that out behind the scenes.”

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In the end, the interviewer asked Jake Paul whether he would make the bet with the Chairman of Matchroom Boxing ‘double or nothing’ for the rematch between Katie Taylor and Amanda Serrano. Paul replied, saying, “Yeah, why not?”

‘The Problem Child’ loses the supposed bet

As luck would have it if the Eddie Hearn hadn’t backed out of the bet, the American was set to lose $1 Million. Owing to Katie Taylor retaining the undisputed lightweight title as she defeated Amanda Serrano via decision.

Although Serrano lost the fight and would have caused Jake Paul to lose $1 Million, the 25-year-old stood by her and told her that she put up an incredible fight. Additionally, he stated that he admires Serrano and she is an inspiration to him.

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What do you think about Eddie Hearn’s backing out of his bet with Jake Paul? Let us know in the comments below.