ARLINGTON, Texas — Mike Tyson is set for his first sanctioned fight since 2005 as the 58-year-old former heavyweight champion takes on Jake Paul, a much younger YouTuber turned boxer, in Texas.

Friday night’s eight-round fight at the home of the NFL’s Dallas Cowboys will be streamed on Netflix, which has more than 280 million subscribers worldwide.

Texas regulators sanctioned the fight with rounds limited to just two minutes per round. Tyson and Paul, 27, will also use thicker gloves, which theoretically limits the power of punches.

Tyson retired with a 50-6 record and 44 knockouts after losing to Kevin McBride 19 years ago. Paul debuted as a professional boxer about four years ago and is 10-1 with seven knockouts fighting primarily mixed martial artists and journeyman boxers.

The fight was originally scheduled for July 20 but had to be postponed when Tyson was treated for a stomach ulcer after falling ill on a flight.

Tyson said his entertaining exhibition against Roy Jones Jr. without fans during the pandemic in 2020 made him believe he could fight for real again. He became agitated by the hype as fight week progressed, slapping Paul to cut short the final faceoff during the weigh-in Thursday night.

According to reports, Paul will receive between $40 million and $20 million for Tyson. Paul mentioned his number during a press conference promoting the fight this summer. Tyson has a history of legal and financial problems, but said he wasn’t fighting Paul over money.

The co-main event is for the undisputed women’s welterweight championship as Ireland’s Katie Taylor takes on Puerto Rico’s Amanda Serrano.

It’s a rematch of a disputed split decision won by Taylor in a brawl at sold-out Madison Square Garden two years ago. Taylor and Serrano were the first women to headline a boxing event at the legendary venue.