The four-time Mexican world boxing champion Saúl ‘Canelo’ Álvarez became a free agent, his coach and manager Eddy Reynoso reported in a statement published on social media.
“In my capacity as manager and coach of Saúl ‘Canelo’ Álvarez, I allow myself to communicate to the boxing community and to all our fans that as of today, November 6, 2020, our fighter will become a free agent,” Reynoso explained in the note of press.
With this, ‘Canelo’ would be separated from the promoter Golden Boy Promotions, owned by retired boxer Óscar de la Hoya.
In September of this year, Canelo sued Golden Boy Promotions and the streaming platform DAZN in the United States for breach of contract.
In the lawsuit, Álvarez asked for 280 million dollars in compensation because the Mexican believes that the companies have not let him fight since November last year, which has caused him economic losses.
DAZN and Álvarez signed a contract for 11 fights in five years and 365 million dollars in 2018, which made him the highest paid athlete in the world at the time.
Reynoso added in this Friday’s statement that they will shortly announce information about the next fight for ‘Canelo’, which will be this year.
“All this time we have worked hard in the gym, with a lot of responsibility and discipline to be in great physical shape and ready to fight this year, so it will be,” explained Álvarez’s coach.
The last time ‘Canelo’ stepped into a ring was on November 2, 2019 when he knocked out Russian Sergey Kovalev, from whom he snatched the world light heavyweight title from the World Boxing Organization (WBO) and thereby won his fourth belt in different divisions.
Álvarez has also been a world champion at super welterweight, middleweight and super middleweight.
His professional record is 53 victories (36 by knockout) and 1 loss, when he faced the American Floyd Mayweather Jr. in 2013 EFE (HN).