In a stunning announcement that's set to redefine boxing economics, Saudi Arabia's boxing visionary Turki Alalshikh has revealed an eye-watering £30 million prize pool for the highly anticipated 5 vs 5 team tournament between rival promoters Eddie Hearn and Frank Warren.
The Ultimate Boxing Showdown
Scheduled for June 1st in Riyadh, this revolutionary event will see five fighters from Matchroom Boxing, led by Eddie Hearn, square off against five warriors from Queensberry Promotions, headed by Frank Warren. The winning team will secure a monumental £3 million per fighter, while the losing side won't go home empty-handed with each competitor receiving £1 million.
Financial Game-Changer
This represents one of the most significant financial injections in recent boxing history. Alalshikh's announcement came via social media, where he declared: "We are happy to announce that the 5 vs 5 tournament between Matchroom and Queensberry will have a prize of £30 million."
The breakdown is equally impressive:
- Winning team: £3 million per fighter (£15 million total)
- Losing team: £1 million per fighter (£10 million total)
- Team prize: £5 million to the winning promotional company
Promotional Rivalry Heats Up
The event marks an unprecedented collaboration between two of boxing's fiercest rivals. Eddie Hearn's Matchroom and Frank Warren's Queensberry have been competing for dominance in British boxing for years, making this team format particularly compelling for fight fans.
Alalshikh emphasised the competitive nature, stating: "The winning team will receive a huge financial prize, and the losing team will also get a significant amount." This ensures that regardless of outcome, every fighter participating will experience a life-changing payday.
Saudi Arabia's Boxing Ascendancy
This announcement further solidifies Saudi Arabia's position as boxing's new financial epicentre. Under Alalshikh's leadership, the kingdom has hosted several blockbuster events, but this team format represents one of the most innovative approaches to the sport yet.
The June 1st card, which also features Dmitry Bivol vs. Artur Beterbiev, continues Saudi Arabia's commitment to delivering the biggest fights in boxing while introducing fresh, engaging formats that capture global attention.
With £30 million on the line and national pride at stake, this 5 vs 5 tournament promises to be one of the most talked-about boxing events of the year, blending high-stakes competition with unprecedented financial rewards.
