GBP wins Lomachenko-Russell purse bid

Discussion in 'World Boxing Forum' started by BOGART, Apr 18, 2014.


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  1. BOGART

    BOGART Boxing Junkie Full Member

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    Seems GBP bid 1,052,500 compared to Top Ranks 1,050,000 bid. The WBO was told the fight will be June 21 in L.A.
     
    BOGART, Apr 18, 2014
    BOGART, Apr 18, 2014
    #1
  2. Classic Boxer

    Classic Boxer Guest

    Can someone enlighten me on how purse vids work in boxing? I thought GBP and Top Rank don't do business ATM under any circumstances.
     
    Classic Boxer, Apr 18, 2014
    Classic Boxer, Apr 18, 2014
    #2
  3. Solaris

    Solaris Boxing Junkie banned Full Member

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    2,500 between the bids? GBP clearly have a mole inside the TR camp. :lol:
     
    Solaris, Apr 18, 2014
    Solaris, Apr 18, 2014
    #3
  4. BOGART

    BOGART Boxing Junkie Full Member

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    Promoters submit bids for the fight and the highest bidder wins promotional rights to the fight. The fighters are gauranteed a certain percentage of the amount bid. I think Lomachenko is 60% and Russell 40% in this case.

    GBP won the bid so the fight is now theirs to promote.

    If Lomachenko wants to fight for the title it will be on a card promoted by GBP and no Top Rank involvement unless GBP agrees to it, which won't happen here.
     
    BOGART, Apr 18, 2014
    BOGART, Apr 18, 2014
    #4
  5. SweetSciGuru

    SweetSciGuru Boxing Junkie Full Member

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    Should have been a 50/50 split, but no worries. Come June Amateur hour is over and Loma will need that extra walking loot.
     
    SweetSciGuru, Apr 18, 2014
    SweetSciGuru, Apr 18, 2014
    #5
  6. Bobby Tony

    Bobby Tony Active Member Full Member

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    What is 60% of $2500?
     
    Bobby Tony, Apr 18, 2014
    Bobby Tony, Apr 18, 2014
    #6
  7. The Long Count

    The Long Count Obsessed with Boxing Full Member

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    Does seem a little shady.
     
    The Long Count, Apr 18, 2014
    The Long Count, Apr 18, 2014
    #7
  8. eltirado

    eltirado Obsessed with Boxing Full Member

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    Open auction is the best way to go...but this is hated by promoters, managers, governing bodies & fighters :hey
     
    eltirado, Apr 18, 2014
    eltirado, Apr 18, 2014
    #8
  9. Rock0052

    Rock0052 Loyal Member Full Member

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    Just a touch lol. That doesn't happen by accident or coincidence.
     
    Rock0052, Apr 18, 2014
    Rock0052, Apr 18, 2014
    #9
  10. STB

    STB #noexcuses Full Member

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    Great. Looking forward to it.

    A fight between 2 bright prospects to find out who is legit.
     
    STB, Apr 18, 2014
    STB, Apr 18, 2014
    #10
  11. eltirado

    eltirado Obsessed with Boxing Full Member

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    Loma will be lucky to take home 200k after paying all the fees, almost same pay for his last fight :think
     
    eltirado, Apr 18, 2014
    eltirado, Apr 18, 2014
    #11
  12. Hotsauce

    Hotsauce Boxing Junkie Full Member

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    only 2,500?
     
    Hotsauce, Apr 18, 2014
    Hotsauce, Apr 18, 2014
    #12
  13. boxfanlut

    boxfanlut Boxing Addict Full Member

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    How does one prospect beating another prospect make you legit?
     
    boxfanlut, Apr 18, 2014
    boxfanlut, Apr 18, 2014
    #13
  14. drozzy

    drozzy AERE Full Member

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    Would like to see the look on Bob's face at the moment. He's not the lead for Loma's next fight AND there's probably a rat in his team.
     
    drozzy, Apr 18, 2014
    drozzy, Apr 18, 2014
    #14
  15. Scorpion

    Scorpion Boxing Addict Full Member

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    how much did he make for the Salido fight?
     
    Scorpion, Apr 18, 2014
    Scorpion, Apr 18, 2014
    #15
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