Anthony Joshua lost N1.4bn after Oleksandr Usyk defeat
Anthony Joshua lost £3m (N1.4bn) worth of sponsorship money after getting outpointed by Oleksandr Usyk the first time they faced off last year The 32-year-old British boxer lost his heavyweight title to Usyk when the pair fought in London last September. Joshua also suffered his second defeat in a row and third in the last four in Jeddah, Saudi Arabia in August New financial records for Joshua’s company 258 Management have shown a 35 percent reduction in turnover from February last year through to February 2022. In the financial year leading up to February 2021, Joshua made almost £8.5m through endorsement deals with the likes of Under Armour, Hugo Boss, and Beats. Joshua’s stock hasn’t depreciated as much in the UK, as his marketing and sponsorship revenues went down from £3.5m to £2.9m in the region. 258 Management recognised the damage Usyk’s first win over Joshua did for the British-Nigerian’s image, as they said the ...