Roc Nation‘s Miguel Cotto fell to Canelo Alvarez on Sat. night, and along with the loss went $100.000 of Jay Z‘s pocket money.
Jay Z and Beyonce were ringside in Vegas on Saturday night in a losing effort as Alvarez, a Oscar De La Hoya, Golden Boy fighter, defeated Cotto in a unanimous decision.
De La Hoya told reporters about the bet before the fight, and as the rapper turned agent’s man went down, and so did a check for $100,000 to a charity of De La Hoya’s choice.
Even though wifey seems to be in deep thought, it goes without saying that the 100Gs shouldn’t do too much damage to Jay’s pocketbook.