Oscar De La Hoya is the CEO of Golden Boy Promotions whose flagship fighter is Canelo Alvarez. Jay Z is the owner of Roc Nation Sports which represents Miguel Cotto. On November 21st, 2015, the two fighters will face off in a highly anticipated fight. The two CEO’s are not only backing their fighters, they’ve also made a huge wager on the bout.
via Yahoo Sports:
Hoya opted to put up $100,000 to back his confidence in Alvarez over Cotto. If Alvarez wins, Jay-Z will donate $100,000 to De La Hoya’s charity of choice, the White Memorial Medical Center’s cancer unit. If Cotto wins, De La Hoya will donate $100,000 to the Shawn Carter Foundation.
At most sports books, Alvarez is between a 2-1 and 3-1 favorite to defeat Cotto.
