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Cabinet discusses funding for Parker fight

NZ Newswire logoNZ Newswire 25/10/2016

The cabinet has discussed a funding application for Joseph Parker's world heavyweight title fight in Auckland but Economic Development Minister Steven Joyce has indicated it's far from a done deal.

Promoters are asking for money from the government's Major Events Fund, which is used to help stage international competitions that showcase New Zealand.

Parker's promoters Duco Events says there is only a 20 per cent chance the fight for the vacant WBO belt on December 10 against Mexican Andy Ruiz will be in Auckland, as first touted.

They have put in the application, asking for government money to ensure it goes ahead.

Mr Joyce says the promoter's budget for the fight is being studied but he's not going to put taxpayer money into an event that would go ahead anyway.

"We're not interested in the idea of just funding somebody who turns up and asks for it," he told Newshub.

"It has to be about something that otherwise wouldn't happen, we're not interested in just paying for an event that's already going to run."

Mr Joyce said if the application was successful, a likely condition would be that the promoters would have to pay the money back if they made a profit from the fight.

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