Today a purse bid took place at the IBF convention in Honolulu Hawaii and Gary Shaw Productions has outbid Golden Boy Promotions garnering the right to promote an IBF elimination bout between # 3 Luis Franco (11-0, 7 KOs) vs. #12 Gary Russell Jr. (19-0, 11 KOs). The winner will be the mandatory to fight current belt holder, Australian, Billy "The Kid" Dibb (34-1, 21 KOs) for the IBF featherweight championship of the world. The winning bid was $220,000.
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