The New York Times – January 4, 1911
Champion Resigns Honor of Title-Holder in Wrestling to Foreigner.
Omaha, Neb., Jan. 3. – Frank Gotch, champion wrestler of the world, to-night declared he resigned the honor in favor of Yousef Mahmout, and said he would back Mahmout against Hackenschmidt for $20,000, part of which was posted to–night.
The announcement was made by Farmer Burns from the ring in which Hackenschmidt and Jess Westergaard were prepared to wrestle. Burns stated that $1,000 had already been deposited by Gotch and that the remainder would be posted at any time the challenge was accepted.
Mahmout and his manager appeared in the ring, and the Bulgarian offered to wrestle Hackenschmidt on the spot for nothing or for any amount.