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 Ellerbe Confident: On Jan. 14 We Come Back With Three Titles! Trainer: Lara Wants Bigger Fights, But Must Take Care of Family Wilder: Molina Might Be 'Bipolar,' But Has Heart to Upset Joshua Chisora, Whyte - Both Promise a Vicious Knockout Ending Tommy Ward, Super-Bantamweight, Inks Frank Warren Deal Haye: Right Now, I'd Knock Anthony Joshua Out in Three Rounds! Blackledge: Callum Smith Won't Make it To DeGale-Jack Winner Photos: Bernard Hopkins Clowns Media With 'Old Man' Disguise UFC Prez Makes it Clear That NO Approval For McGregor Boxing! Jeff Horn Could Land Bradley or Vargas, Says Bob Arum Julio Cesar Chavez Jr. Returns To His Roots For His Last Career Stand De La Hoya: I Think Hopkins Did Better Than Ward Against Kovalev Photos: Top Rank, Duco Presser To Announce Joseph Parker Deal Freddie Roach: I'm Confident Cuellar Beats Mares - By Knockout Too Joseph Parker Will Be Promoted By Top Rank in America, China Photos: Bernard Hopkins Putting in Work For Final Career Fight Ward-Kovalev: $3.3 Million Live Gate From 10,066 Tickets Sold Abel Sanchez: Andy Ruiz Ready For 50-50 Fight With Joseph Parker Photos: Julio Cesar Chavez Jr. Putting in Work For Ring Return Claudio Marrero Eager For Zambrano Clash as Purse Bid Looms McGregor: I Was Minding My Business, Mayweather Called Me Out Erik Skoglund Will Have a Familiar Head Trainer in His Corner Andy Ruiz on Parker: When Bell Rings, I'm Going Into Beast Mode! Jack Culcay vs. Demetrius Andrade Purse Bid on December 15 Abner Mares: I'll Prove I'm Still Elite, That I Can Make a Big Bang Anthony Joshua Could Fight in Nigeria For Right Price, Says Hearn Brook Mentions Spence, But Talks Thurman-Garcia, Pacquiao Parker-Ruiz Title Fight Nearing Sold Out Status in New Zealand Frampton: Santa Cruz Can't Be Busier or Better in Our Rematch Jason Sosa Relfects on Memorable 2016 Run, Maps Out Future Saunders: Need Another Fight Before Golovkin, Other Top Foe Mason Menard Views Ray Beltran Fight As Doorstep To Stardom Wilder: Joshua Has Fought D-Level Guys; Wouldn't Be Big in U.S. Izu Ugonoh Explains His Decision To Sign on With Al Haymon Haye: My Fight is Headline News, Zero Talk About Joshua-Molina Murat Gassiev's Title Win Continues New Cruiserweight Trend Romain Jacob, Due to Vision Issues, Retires From Boxing Parker's Promoter Rips Haye For Taking Easy Route, Easy Money Danny Roman vs. Adam Lopez - WBA Eliminator on ShoBox, 1/20 Ellerbe Couldn't Care Less About McGregor's Trash Talk, Motives
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement