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British light heavyweight Joshua Buatsi secured a victory yet disappointing debut to life under recent management with a points victory over Parker in the Manchester arena.
The Olympic bronze medallist's activity level seemingly secured him a split decision in a tight ten-round fight at the Manchester venue.
But the challenger had his moments, connecting with powerful individual punches in a fight where the approaches failed to mesh, with excessive holding disrupting the fight.
The scoring judges had it 96-94 in favor to Buatsi, with the third a 95-95.
"It wasn't my best display but what defines champions? They win," the victor said in the arena as he was met by boos from the audience.
The British fighter got back to winning after his maiden career setback - an thrilling contest with Callum Smith in last winter - to secure a twentieth professional win.
Some ringside observers thought Parker, 31, should have been awarded the victory but the British boxer experienced the second setback of his 28-bout career.
His career development has slowed in the past few years through management issues and considerable time of inactivity.
Previously predicted as the rising talent of the British fight scene, he now stands trying to achieve expectations - possibly in what feels like a last chance - under recent support.
He opened tentatively, with both competitors willing to take risks in a cagey early stages.
Parker, whose single earlier setback came at the lower weight class against John Ryder in 2022 after damaging his hand during the bout, was participating in his second bout at the higher weight class.
By the middle rounds, Parker had kept it close, making life awkward for the favorite, who operated with a solid defense to narrowly win the more effective periods.
The spectators' acceptance wore thin amid regular grabbing, with Parker falling to the floor multiple occasions during grappling.
Parker finished the stronger, but many rounds were challenging to assess. Although, former world champion Carl Frampton - working with the broadcast network - had it strongly leaning for the challenger, giving Buatsi just a single round.
Buatsi progresses, but with the presence of power puncher David Benavidez, and Russian champion Dmitry Bivol dominating the weight class, the journey to titles - based on this performance - still appears challenging.
In the secondary fight, Lyndon Arthur beat Rea by divided decision in a outstanding all-Manchester contest to capture the continental title.
The arena fell silent for a extremely emotional tribute ahead of the contest as ten bells sounded in honor of Manchester's own Hatton, who passed away 46 years old in September.
It was the premier televised boxing event in the city since the passing of Hatton. As the concluding sound disappeared, the silence became a shout of "there's only one Hatton".
The action within the ring matched the sentiment. Arthur was sent to the canvas by a powerful punch directly to the chin in the early round, standing uncertainly to his footing on the referee's count.
But the Manchester United-red equipment of Arthur soon came forward again. Across the ring, the opponent - in competitive blue - was damaged early, significant bruising appearing under his orbital area as the duo exchanged hard punches.
Rea, twenty-seven, landed power punches but Arthur, thirty-four, matched the intensity with powerful upward punches as the pace seldom decreased over the full distance.
Arthur barely secured the verdict with official scores of draw, 115-113 and 115-112, but each competitor were persistent and courageous, everything their inspiration the legend represented.
A tech enthusiast and software engineer with over a decade of experience in AI research and digital innovation, passionate about sharing knowledge.