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I watched a bit of an IFL interview with Hearn on that IBF situation. He said exactly what @Memphis said, Fury's mob didn't apply for the extension within the timescale, basically Fury's mob have blamed everyone else (as usual) for being mickey mouse.
Better to blame the World than admit you got outsmarted by a woman?
That said. I'm assuming there must be a rule that says you can't have a license reinstated if you're under investigation by UKAD. If there isn't, then this latest twist is out of order.