Aside from the golds he has clinched in the squared Circle, Canelo Alvarez is also well-known for the luxurious objects he has possessed over the years, among which the most discussed one is the yacht that costed him a whopping 60 million dollars back in 2020. However, the yacht has depreciated over 90% in three years.
According to various reports, the undisputed champion of super middleweights offers the boat for sale for 5 million 975 thousand dollars. That is to say, just over 54 million less than what he paid to buy it, a surprisingly low figure taking into account all the luxuries he has.
The yacht was built in 2014 and has among its characteristics a dimension of 30.78 meters, it has two diesel engines capable of reaching 57 kilometers per hour and its deck stands out. There is a large space with a sofa and dining room, and on the back, it has “CANELO” written on it.
The vessel accommodates 10 guests and 5 crew members, boasts four luxurious cabins designed in a British style. In total, it has 8 beds: 1 King Size, 1 Queen, 4 singles, and 2 Pullman. As if that were not enough, the yacht has a gym, jacuzzi, internet, and endless amenities.
Canelo bought the yacht in 2020 for 60 million dollars, which was reported by Boxing News. Now, for such a lower amount, it has become more affordable to purchase. The spectacular model can be seen in detail on sites such as YachtCharterFleet.
While it appears to be a huge financial blow for Canelo, it will not be the only time that the Mexican boxing icon is losing millions. since he will also suffer a huge monetary loss when he steps into the ring at Estadio Akron on 6th May to face John Ryder. According to Carlos Bremer, President and CEO of VALUE Grupo Financiero, Canelo is taking a huge pay cut – estimated to be more than 10 million dollars to fight on his home country.
“Sometimes it’s not about money,” Canelo said last week. “Sometimes it’s about pride, and it’s that time. I don’t need to say how much I lose, because I don’t care. I feel good to fight in my hometown, and I’m proud.” [H/T AP News]