Overview

• Peterson and Joe “Baby Joe” Castaneda formalized agreements this week to headline a sanctioned celebrity boxing rematch.
• The bout stems from a May 27 altercation at Houston’s JokerStars social club where the two exchanged blows over a disputed poker hand.
• A Houston judge ordered Peterson to surrender assets toward an estimated $12 million debt accrued from a 2016 business loan with mounting interest and legal fees.
• Peterson plans to use earnings from the upcoming fight to chip away at his multimillion-dollar liabilities.
• Castaneda has begun training under the Celebrity Boxing banner and fight details including date and venue will be announced soon.