Tyson Fury facing huge £45m tax bill due to Oleksandr Usyk fight in Saudi Arabia

Tyson Fury could be set for a huge tax bill of just under £45million following his fight with Oleksandr Usyk in Saudi Arabia.

Billed as one of the defining fights of the 21st Century, both undefeated fighters will be putting their straps on the line to unify the division for the first time since Lennox Lewis did it in 2000. Unsurprisingly, a fight of this magnitude is set to make both men extremely wealthy.

While the exact figures of the purse are unknown until after the fight, there has been a suggestion that the Wythenshawe boxer will earn £100m from the bout in the Middle East. However as a British taxpayer, what he actually takes home will be significantly less.

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According to analysis from investment platform Stocklytics, unless Fury has found a workaround with an expert accountant, he will be forced to hand over £44,986,203 in income tax. This would cover the starting salary of 2,009 newly qualified nurses in the NHS and 1,223 new Met Police officers.

His contributions to the British state would not end there though. Fury's national insurance contributions would also take £2,002,764.60 off his fee.

This means, if he earns £100m from the fight, he will actually only receive £53,011,032.40 in his bank account. A spokesperson for Stocklytics added: "If you are a resident in the UK you have to pay tax on overseas earnings in the same way, and that remains the same no matter how much someone might earn.

"Good tax advice is always important and in this case you can be sure the Fury camp will have looked at an agreement that would be the most beneficial. You can offset some money by making a charitable donation, and there is a suggestion Tyson Fury will be making a £1million gift to support Ukraine charities which would reduce his liability a little."