The way promotions work, the TV companies who get the rights to show the fight have to pay the fee into an escrow account which then pays out to the promotion after the fight or returns the money to the TV companies if the fight doesn't happen.
Here's the most compelling piece of evidence I've seen to show that Setanta pulling out had nothing to do with it --Frank Warren's weekly article.
Frank obviously does other promoters and non-Warren fighters down every chance he gets, and here's what he said :
"It’s been rumoured that Haye asked for his seven-figure payment to be made before he stepped in the ring, but
Setanta refused."
Now he's hiding behind "rumours" to start with, and the rumour he's claiming he heard is that Haye asked Setanta to pay him before the contest, in other words to scrap the existing agreement and allow the escrow account to pay him the money before the fight happened. But the escrow account is legally bound to pay Haye anyway so there's no reason for Haye to have asked for the early payment and no risk that he wouldn't be paid as the money was no longer under Setanta's control. If this is the best Warren can do to make a case that it was money worries that caused the fight to be cancelled then it's clear that it wasn't money worries at all.
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