Boxing promoters Oscar De La Hoya and Jay Z are putting up a friendly wager over who wins the November 21st pay-per-view main event between their respective fighters, Canelo Alvarez and Miguel Cotto.
There's a pretty big boxing match taking place next week in Las Vegas, Nevada. The Mandalay Bay will host Miguel Cotto (40-4, 33 KOs) vs. Canelo Alvarez (45-1-1, 32 KOs) on November 21st for Cotto's WBC middleweight (160 lbs) title. This is a co-promoted HBO PPV, with Canelo representing Golden Boy Promotions and Cotto with Jay Z's Roc Nation Sports.
With that in mind, the retired boxing great and the music mogul made a friendly $100,000 bet that will see the "loser" donate to the other's charity of choice.