Boxing Forum - View Single Post - Can someone explain what a purse bid is??
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Old 01-11-2013, 05:14 PM
.:: JSFD26 ::.
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When 2 promoters can't come to an agreement on a fight the fight is ordered to a purse bid. A purse bid is where promoters bid to see who earns to the right to promote the fight. Think of it as an auction.

I also wanna say more promoters than the 2 originally involved can bid but Im not 100% sure about that one.
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