Tyson Fury’s promoter, Frank Warrren, has explained why the Gypsy King is yet to sign off the final arrangements of his fight with Anthony Joshua.
The heavyweight rivals, who hold all four major belts between them, put pen to paper on a £200million mega-fight earlier this year.
The next step in arranging the undisputed bout is finding a suitable venue and time, with Saudi Arabia the frontrunner to host the clash and an August date touted.
But Warren claims Fury will not sign a site deal contract until the money is guaranteed by a bank, with lawyers called in to resolve the situation.
“You can only sign a contract when all the parties agree on it,” the Queensbury Promotions boss told SecondsOut .
“And we’ve got a contract at the moment that all the parties don’t agree on. We’ve got a contract at the moment that Tyson Fury will not sign.
“One of the things in that contract that will enable us to get over the hump is the guarantees. If the guarantees are there, then it’s not a problem.
“That’s where it is. I’m not going down the road of where the fight’s going to take place, who those negotiations are with because it’s all moot at the moment.”
Warren added: “Until we agree the terms, until Tyson Fury – which is who we’re with – until he’s happy with the terms it won’t get signed. And he’s not happy at the moment.
“I don’t know what Anthony Joshua’s position is because we’ve got nothing to do with him.”
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Clarifying why Fury is not content with the terms on the table, Warren said: “What it is is a guarantee for the amount of money that’s being paid.
“And until Tyson is satisfied that the money that is in that contract is guaranteed by a bank, then it’s not going to be signed.
“And hopefully that will get addressed. This is the first time I’ve spoken about it but that’s the crux of the matter, that’s probably 85 per cent of what it’s about.”
He added: “We’re still talking, I think the lawyers are going to talk again today.”
Warren also admitted Fury only has a “couple of days” of patience remaining before he looks for another fight.
“We’re going to get to the stage where he’ll want to fight,” said Warren. “And I know Bob Arum (Fury’s US promoter) in the States is talking about how he wants to fight in the States.
“That would be in July, so this will have to be settled very, very quickly one way or another.”