Fury relinquishes British and Commonwealth belts in pursuit of world title fight
Tyson Fury has vacated his British and Commonwealth heavyweight titles to end hopes of an all British showdown with David Price.
Fury, who was last seen recovering from a knockdown to beat Neven Pajkic inside three rounds, will now pursue a world title fight.
Price became the mandatory challenger when he destroyed John McDermott in just 73 seconds in Liverpool last month.
It had been anticipated that Fury and Price would meet in May in a long-awaited domestic dust-up that would have breathed life into the ailing division.
Bold ambition: Tyson Fury wants a world title fight
But Fury, 23, claimed the Price camp turned down an offer of 100,000 earlier this week.
'It's been an honour to have won and held both the British and Commonwealth heavyweight titles, but as I'm now currently No 7 in the world it's time to move on,' he said.
'If Price really believed he could beat me the smart move in my opinion would have been to take the great pay day that was offered by my promoter to appear on terrestrial TV.
'I'm really excited about my future plans as I'm doing things differently and currently training like a Trojan in pursuit of becoming heavyweight champion of the world.'
Fury's promoter Mick Hennessy is already looking to the future after confirming the decision.
'We have a great schedule in place for Tyson on Channel 5 and I'm not prepared to have that affected by other promoters, purse bids and titles,' he said.
Looking to the future: Fury's camp claim Price turned down a 100,000 offer to fight
'Fury v Price was a quality fight and in my opinion it should go out to the widest possible audience.
'That's why I offered 100,000, which unfortunately was rejected by his promoter Frank Maloney on Monday.
'Tyson's next steps and further information will be announced over the next few days.'
Maloney, meanwhile, had been confident the fight would go ahead.
‘I learned all about the political maneuvering in boxing when taking Lennox Lewis to the world heavyweight championship,' he said earlier this week.
'The Commonwealth mandatory makes it impossible for Tyson to avoid David without dumping both his titles.
‘But that’s just our insurance, because I’m sure Tyson would not want to lose face like that.
'I have to say that I respect him and fully expected him to defend his British title anyway.'