Advertisement
Advertisement
Boxingscene.com

IBF Responds To Nonito Donaire on Title Belt and Fees

by Ronnie Nathanielsz

WBC Diamond Belt and WBO super bantamweight/junior featherweight champion Nonito “The Filipino Flash” Donaire’s IBF belt, which he should have received after winning the title from Jeffrey Mathebula last July in California, is on the way.

When Donaire decided to relinquish his IBF title claiming he didn’t wish to pay the sanction fee amounting to $42,000 for the title fight against Japan’s Toshiaki Nishioka last October 13 and mentioned that he hadn’t received his IBF belt, we contacted IBF Championship Committee chairman Lindsey Tucker about it.

Tucker told BoxingScene.com/Manila Standard that Donaire “did not receive his IBF Championship Belt because Top Rank did not pay for the Belt until Aug. 24. A week later we sent an E-Mail to Top Rank asking them where do they want the IBF to send the Belt. Since then we sent at least one other E-Mail requesting an address to ship the Belt to. The IBF E-Mailed Top Rank again this morning and they told us where to ship the Belt. It will go out this morning. That is why Donaire never got his Belt. ”

Regarding the sanction fee mentioned by Donaire, Tucker said “the amount that we got was $750,000.00. 3% of that is $ 22,500.00. That was his purse amount. Plus, because we want everyone who fights for our Title to join the IBF Retirement Plan, Donaire was charged 2% of his purse or $ 15,000.00.”

The IBF executive told us that Donaire “is already in our Retirement Plan because he fought for our Flyweight Title and defended it at least once. The total deductions were $ 37,500.00, not $ 42,000.00.”

At the same time Tucker indicated “I don't know what the WBO charges but I think it's 3%. I'm willing to bet the WBC sanction fees were 3% or higher. He didn't have a problem paying those fees.”

Tags: Nonito Donaire image  
User Comments and Feedback (Register For Free To Comment) Comment by puga on 10-17-2012

should'nt the retirement plan be optional even if you fight for their belts? this sounds like extortion

Comment by Check_hooks on 10-17-2012

The IBF "retirement plan" sounds like one of the biggest scams ever How about you let boxers keep that 2% and put it in there savings account you crooks And they said that he already paid that 2% at flyweight…

Comment by 285Kid on 10-17-2012

[QUOTE=kiaba360;12613909]What are the sanctioning fees used for?[/QUOTE] [IMG]http://i.imgur.com/nehDW.jpg[/IMG]

Comment by Medved on 10-17-2012

No wonder Wlad only one with all the belts, he the only one with money :lol1: He doesnt need any as everyone knows who the boss @ HW is.......but the Michael Buffer intro's sound nice.... Plus im 99.99% sure that…

Comment by DoktorSleepless on 10-17-2012

[QUOTE=-Kev-;12613772]Those fees are like an entry level job salary. Who wants to pay that unless they get millions of dollars. I can only imagine guys like Pacquiao and Mayweather paying for sanctioning fees by percentage. If it's true that the…

Post a Comment - View More User Comments (23)
Top Headlines Garcia Feels His Resume Stronger Than Thurman's, Has Proven More Kid Galahad vs. Joseph Agbeko on Eubank-Quinlan PPV Card Dodson Offered Buglioni Title Shot; Would Land On Haye-Bellew Golden Boy Promotions, ESPN Announce Multi-Year TV Deal Callum Smith: If Dirrell is Next in Line For WBC Belt - Let's Do It! Richard Commey, Fredrick Lawson Back in Action on March 11 Michael Conlan on His Relationship With Conor McGregor Trainer: Charlo Should Fight Top 15 Middleweight, Become a Contender Hearn on Brook-Spence: Khan Worth 3 Times More, 3 Times Easier Thurman: Angel Garcia Wants the Limelight; Should Let Son Speak DeGale: Groves Should Drop WBA Shot, Fight Me For The IBF! Liam Smith vs. Liam Williams Showdown in Play For April 8 Callum Smith's Trainer is Not Buying Badou Jack's Weight Issues Haye, Bellew Could Lose Licenses if Further Violence, Says Hearn Dina Thorslund Wants Mikkel Kessler as a Number Boy Lara's Trainer: Canelo is Facing Chavez Jr. at 165, No GGG at 160? Manny Pacquiao is Stumped: I Don't Know Who Jeff Horn is? Gervonta Davis Vows: I Will Be That Next Pay-Per-View Star! Michael Conlan Puts Olympics Behind Him, Has Big Career Goals Marquez Gives Canelo The Clear Edge Over Much Bigger Chavez Jr. Thurman: My Power, Speed Will Rise Above Garcia's 'Swiftness' DeGale-Jack Drew an Average of 454,000 Viewers on Showtime Thurman Hopes He and Garcia Can Draw 8 Million Viewers on CBS Cuadras Warns: Chocolatito Was Afraid, Rungvisai Might KO Him! Rob Brant's Ring Return Moves on With Late Replacement Keith Thurman to Danny Garcia: You’re Getting Knocked Out Badou Jack Vacates WBC Title, Officially Moves Up To 175-Pounds Video: Angel Garcia Talks Keith Thurman Unification Video: Keith Thurman Breaks Down Danny Garcia, Angel Garcia Photos: Danny Garcia, Keith Thurman - Tense Face To Face in NY Video: Danny Garcia, Angel Garcia Sound Off on Keith Thurman Video: SHO's Espinoza Discusses Future Fights on Network, More DeGale: Mayweather Talks Rubbish, Has Big Ego, All About Him Eddie Hearn Discusses The Status of Kell Brook vs. Amir Khan Photos: Michael Conlan - New York City Presser For Pro Debut Jordan Thompson Inks Frank Warren Deal Marco Huck vs. Mairis Briedis Finalized For April 1 Showdown Groves' Trainer Talks DeGale vs. Jack, Status of Chudinov Fight CBS to Air Garcia-Thurman; Announcement at Press Conference Patrick Nielsen, Dina Thorslund Ready For Nordic Fight Night Bouts
Advertisement
Latest Active Forum Threads
Advertisement
Advertisement