Netflix and Most Valuable Promotions announced Friday that the event will not take place on July 20 as scheduled. Tyson suffered an ulcer flare up aboard a flight earlier this week which required medical attention, and the condition is preventing the former world heavyweight champion from training.

"Unfortunately Jake Paul and Mike Tyson will not face-off on July 20 as planned," Netflix posted on X (formerly Twitter). 

"Tyson’s recent ulcer flare up has limited his ability to train fully for the next few weeks. The fight will be rescheduled for a date later this year after Mike’s able to resume training with no limitations and both fighters can have equal time to prepare for this once-in-a-lifetime matchup!"

“I want to thank my fans around the world for their support and understanding during this time," Tyson said in a statement.

"Unfortunately, due to my ulcer flare up, I have been advised by my doctor to lighten my training for a few weeks to rest and recover.

"My body is in better overall shape than it has been since the 1990s and I will be back to my full training schedule soon. Jake Paul, this may have bought you some time, but in the end you will still be knocked out and out of boxing for good. I appreciate everyone’s patience and can't wait to deliver an unforgettable performance later this year.”

“I fully support postponing the event so Mike Tyson has no excuses come fight night,” Paul said in a statement. 

“My fans know I don’t want to face Iron Mike at anything but his best, but let there be no mistake – when he steps into the ring with me, I will be ready to claim my W with a sensational finish. Paul vs Tyson will be one for the ages, and I promise to bring my best for this once-in-a-lifetime matchup.”

The new date for the highly anticipated event will be announced on June 7.

Live on DAZN: Queensberry vs. Matchroom 5v5 on June 1. Click here for details.