Boxing hall of Famer Oscar De La Hoya and music mogul Jay Z have decided to put their money where their mouths are in a strong display of confidence for their respective fighters.
Miguel Cotto is being promoted by Roc Nation Sports, headed by Jay Z, while Canelo Alvarez is under Golden Boy Promotions. The two will go head to head on Nov. 21st. Details of the bet are as follows: If Alvarez wins, Jay Z will donate 100K to White Memorial Medical Center’s cancer unit. De La Hoya must donate 100K to the Shawn Carter Foundation if Cotto is victorious.
Alvarez (45-1-1) is favored against Cotto (40-4) in one of the most anticipated bouts this year. No matter the outcome, the bet is a win as it will benefit a good cause. Who do you think will win?