Former boxer Michael Watson has had his damages claim against the British Boxing Board of Control (BBBC) limited to £400,000.
Watson had been awarded £2.5m after the High Court ruled the BBBC had breached its duty of care to the boxer due to inadequate resuscitation facilities at White Hart Lane, the venue for his title fight against Chris Eubank in 1991.
But the BBBC had no insurance cover for the fight and lacked the funds to pay the original award.
The High Court has now agreed the reduced amount and the BBBC has withdrawn its appeal to the House of Lords over the size of the damages. It would have cost the the board £11,000 to insure the fight.