Tyson Fury's WBC heavyweight title defence against Dillian Whyte will finally take place after Frank Warren's Queensbury Promotions won the purse bid to stage the fight.
Warren's record bid of £31million gazumped the £24m being offered by Whyte's Matchroom promoters, giving Fury's team control of the all-British showdown in a fight that must take place by April 24.
Fury will now pocket £24m to Whyte's £6m, though the latter may earn a larger share should his appeal to the WBC for a larger proportion be successful.
A tweet from WBC president Mauricio Sulaiman read: "This is the coin flipped to determine the opening of the bids $32,222,222 by @MatchroomBoxing $41,025,000 by Queensberry Promotions. This is the biggest purse bid in the history of boxing. Congratulations #FuryWhyte @WBCBoxing Heavyweight championship @Tyson_Fury @DillianWhyte."
This is the coin flipped to determine the opening of the bids— Mauricio Sulaiman (@wbcmoro) January 28, 2022
$32,222,222 by @MatchroomBoxing
This is the biggest purse bid in the history of boxing
Congratulations #FuryWhyte @WBCBoxing Heavyweight championship @Tyson_Fury @DillianWhyte pic.twitter.com/Blz4IUDKlH
Warren added via a statement: "Queensberry and Top Rank are delighted that WBC and lineal world heavyweight champion Tyson Fury will defend his titles against Dillian Whyte following today's purse bids.
"A venue and date for the fight will be announced in due course."
Whyte has long since been the WBC's top-ranked contender but has had to remain patient for his first crack at a world title.
Fury's camp had been negotiating with Anthony Joshua to take a step-aside payment for his planned rematch with unified world champion Oleksandr Usyk in order to fight the Ukrainian in an undisputed heavyweight championship fight.
However, those talks broke down this week meaning Fury will instead focus on mandatory challenger Whyte, while Joshua is now expected to get his shot at winning back the WBA Super, IBF and WBO straps from Usyk.
Each of Fury's past five fights have taken place in the United States, with three of those coming against Deontay Wilder who he displaced as WBC champion.
Cardiff's Principality Stadium and the Manchester Arena are among the venues tipped to host the fight, with Fury writing on Twitter: "BIG GK IS COMING HOME! UK BABY!"
BIG GK IS COMING HOME!— TYSON FURY (@Tyson_Fury) January 28, 2022
UK BABY! pic.twitter.com/KDwWgdeXSj