Fury vacates heavyweight world titles
TYSON Fury has given up his WBO and WBA world heavyweight titles "with immediate effect" to concentrate on his "medical treatment and recovery", said a statement released by his promoters Hennessy Sports.
The British boxer has admitted taking cocaine to deal with depression and was set to be stripped of his titles after cancelling two planned rematches this year against Ukrainian former champion Wladimir Klitschko.
"I feel that it is only fair and right and for the good of boxing to keep the titles active and allow the other contenders to fight for the vacant belts that I proudly won," Fury said in the statement released late on Wednesday.
"I won the titles in the ring and I believe that they should be lost in the ring, but I'm unable to defend at this time."
Fury had withdrawn from a rematch with Klitschko on Oct 29 because of mental health issues.
He also cancelled their first planned rematch in July citing an ankle injury.