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Old 03-02-2010, 04:04 PM   #61
ashley
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Default Re: Katsidis/Mitchell to be held in Australia

From the Brit forum.....

Purse Bid Minutes
3/2/2010
Interim Lightweight Champion Michael Katsidis vs. Challenger Kevin Mitchell
Purse Bid was convened for 11:00 am Atlantic Standard Time at the:
WBO HEADQUARTERS
1056 Muñoz Rivera Avenue Suite 711
San Juan, Puerto Rico 00927
Telephone +1 (787) 765-4628 * Fax +1 (787) 758-9053
Purse Bid Attendees:
1. Francisco Valcarcel, Esq. President WBO, presided the Purse Bid
2. Ms. Ann Mitchell Alroe and Mr. Sampson Lewkowicz represented Michael Katsidis
3. Mr. Dennis Gilmartin from Frank ****** Promotions represented Kevin Mitchell
The Purse Bid Notice was issued on 2/23/2010 for the date of Tuesday, March 2, 2010 to all Bona
Fide Promoters. T he Purse Bid officially began at 11:05 AM at the Verdanza Hotel in Carolina,
Puerto Rico. Mr. Valcarcel greeted all present.
Dennis Gilmartin handed Mr. Valcárcel his first envelope, thus initiating the Purse Bid. The
envelope contained a check in the amount of $1,000.00 (One Thousand Dollars) for the Purse Bid
Service Fee and proof of being a licensed WBO Promoter.
Sampson Lewkowicz handed Mr. Valcárcel his first envelope containing a check for $1,000.00
(One Thousand Dollars) to cover the Purse Bid Service Fee and proof of being a licensed WBO
Promoter.
Mr. Valcarcel stated for the record they are both bona fide promoters.
Mr. Valcárcel then indicated for the record that Mr. Lewkowicz was to provide a second envelope
which contained the offer of the Purse Bid amount of $501,000.00 (Five Hundred One Thousand
Dollars) and a check equivalent to Ten (10) Percent of the Purse Bid Amount; that is, $50,100.00
(Fifty Thousand One Hundred Dollars).
The second envelopes represents the written proposal indicating the total purse offered to the
Champion and the Challenger, the proposed sites for the Championship Contest, and the
proposed date for the Championship Contest, which is to be between 45 and 90 days from the date
of the Purse Bid. The bank money order payable to the World Boxing Organization, in the legal
tender of the United States of America (Dollars) for an equivalent of Ten (10%) percent of the
total of the proposed purse. The Purse Bond of the successful bidder shall be retained by the
World Boxing Organization to secure the Champion, Challenger and the WBO in the event that
the successful bidder fails to promote the Championship Contest pursuant to the Purse Bid Rules.
Mr. Valcárcel also stated for the record that the minimum Purse Bid amount established for the
Interim Lightweight Division is $150,000.00 (One Hundred Fifty Thousand Dollars).
Then, Mr. Valcárcel opened the second envelope belonging to Mr. Gilmartin, from Frank ******
Promotions that contained a check in the amount of $51,500.00 (Fifty-One Thousand Five Hundred
Dollars) representing 10% of the Purse Bid Amount of $515,000.00 (Five Hundred Fifteen
Thousand Dollars). The proposed sites for the bout were all in England, though stating it would
probably be London and with a date of May 8th 2010.
The check in the amount of $50,100.00 (Fifty Thousand One Hundred Dollars belonging to
Sampson Lewkowicz and Ms. Alroe was returned to them.
Mr. Valcarcel then stated for the record that the purse bid division, in this case was $412,000.00
(Four Hundred Twelve Thousand Dollars) for Michael Katsidis and $103,000.00(One Hundred
Three Thousand Dollars) for Kevin Mitchell, subject to country laws regarding taxes.
Mr. Valcarcel clarified that the signed contracts must be received at the WBO Headquarters no later
than 4:00 pm EST, and the parties have five days from the date of the Purse Bid to send the signed
contracts. Any dispute regarding the contract will be resolved by the World Boxing Organization.
Rights to the show cannot be transferred without prior WBO approval.
It was accorded that the Katsidis Camp will receive 5 round trip tickets for the bout.
Finally, the winner of this Interim Bout must face the Champion Juan Manuel Marquez within 180
days, as stipulated by the WBO Regulations of World Championship Contests, provided Mr.
Marquez has fulfilled his obligations to the WBO.
Mr. Valcarcel then congratulated Dennis Gilmartin and Frank ****** Promotions, and thanked all
present for their participation. The Purse Bid ended at 11:45AM Atlantic Standard Time
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Old 03-02-2010, 04:35 PM   #62
ashley
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Default Re: Katsidis/Mitchell to be held in Australia

Shit...it wont be for the full title...that sux

And from fightnews...

[Only registered and activated users can see links. ]
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Old 03-02-2010, 05:52 PM   #63
ishy
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Default Re: Katsidis/Mitchell to be held in Australia

I think Marquez will end up vacating the title anyway so the winner will be full champ.
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Old 03-02-2010, 06:36 PM   #64
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Default Re: Katsidis/Mitchell to be held in Australia

**** it.Toowoomba lost the bid.oh well Katsidis by stoppage in the 10th.someone said Hatton has no chance of making 140.JMM may not vacate and will fight the winner possibly?
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Old 03-02-2010, 06:58 PM   #65
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Default Re: Katsidis/Mitchell to be held in Australia

Pretty close bids, all going well I think i will be in attendance for this fight, unlucky australia!
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Old 03-02-2010, 07:53 PM   #66
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Default Re: Katsidis/Mitchell to be held in Australia

It was interesting to note in the article that from both bidding parties, both named London as their chosen city to put the fight on.

As much as the local Toowoomba Council may have been getting excited, it was never realistic in being anywhere but London.
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Old 03-02-2010, 08:03 PM   #67
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Default Re: Katsidis/Mitchell to be held in Australia

Mitchell will outhink, outworn and have the skills to unpick Katsidis over the distance...

I just hope that Mitchell sticks to his fight plan and does not get drawn into a war, the balance might favour Katsidis then...
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