Tim Tszyu has resolved what was reportedly going to be a $1 million NSW Supreme Court dispute with his former manager Glen Jennings.
The development – which Tszyu confirmed via social media – ensures the former world champ can now shift focus to beginning preparations for his July blockbuster against Errol Spence Jnr.
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The revelation comes only days after Tszyu dumped his entire fight team for the second time in six months – and signed Hall of Famer Jeff Fenech as his new coach.
The Sydneysider released a statement to Instagram breaking the news which read: “Tim Tszyu and Glenn Jennings confirm the matter between them has been resolved.
“Tim and Glenn acknowledge the journey they have shared and the contribution each has made along the way.
“They wish each other every success in the chapters ahead. The terms of the resolution are confidential and no further comment will be made.”
Glen Jennings and Tim Tszyu in 2024. Picture, Portia Large.Source: News Corp Australia
Earlier this week, Fenech confirmed he is set to come on as Tszyu’s trainer for the Spence fight.
Speaking with Fox Sports Australia, the four-time world champion said that his first move in the new role has been to hire “one of the greatest legal teams in Australia” to deal with Tszyu’s ongoing battle with Jennings.
Making matters more complicated, Jennings still manages Tszyu’s younger brother Nikita.
It’s understood lawyers for Tszyu and his former manager were set to meet early next month to broker a settlement over a breach-of-contract dispute.
“But just so you know, I’ve got one of the best legal teams in Australia helping with all that,” Fenech said. “Because Tim only needs one thing on his mind, and that’s to box.
“Forget everything else.
“And when the truth in all that comes out … yeah, won’t be a problem.
“Which is now why I’m there.
“And why I’ve put that legal team in place. They’re the best of the best.
“So we’re fine.
“I’m 100 per cent confident that, when it comes time to go into camp for Spence, that won’t be a distraction at all.
“When Tim is at the gym, he can just train knowing this legal team will be looking after things. Same as they will then help with the management side of things moving forward.”