Advertisement
Advertisement

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 Stevens breaks down Canelo-Khan and the Caneloweight Hunter: If I Had Khan at 9, We Wouldn't Be Talking Mayweather Video: Chisora vs. Pulev Heated Confrontation at Presser Video: Amir Khan on Floyd Mayweather's Comeback, Canelo Photos: Tony Bellew vs. Ilunga Makabu Press Conference Photos: Chisora, Pulev Erupts With Near Brawl at Presser IBF Formally Orders Wake vs. Guzman 122-Pound Title Fight Barroso's Promoter: I'm Supremely Confident Crolla Will Be KO'd DeGale Wants Jack Fight in U.K., But Open to Las Vegas Shannon Briggs To Face Dimitrenko On 'Haye Day' Bill Shawn Porter: 'Wouldn’t Be Surprised' If Khan Upsets Canelo Victor Ortiz-Andre Berto II: Post-Fight Report Card John Fury: Tyson Knocks Wladimir Klitschko Out By Round 10 Canelo vs. Khan - British Trade People Predict The Fight George Foreman Warns: If Canelo Overconfident, Khan Can Win Trainer: Tyson Fury Will NOT Retire, Likely Targets Joshua Next Khan Would Reject Mayweather: I'll Mess With Him Like He Did Me Sanchez: I'm Confident Golovkin KO's 'Diva' Canelo in 8 or 9 Luis Ortiz Back on Track After Greg Cohen Withdraws Lawsuit Flint-born Dirrell Brothers Fighting Through Anger, Frustration Bob Arum: It's Obvious Floyd Mayweather is Coming Back De La Hoya: Golovkin Didn't Want Lara - And Canelo Beat Him! Gilberto Ramirez-Dominik Britsch on Crawford-Postol HBO PPV De La Hoya: I Thought Pacquiao Would Be Easy, Canelo in Tough! Gassiev Warns Povetkin: Wilder Punches Harder Than Klitschko Verdejo Not Worried About Critics, Intends To Fulfill Expectations Freddie Roach Says Frankie Gomez in 'Best Shape' For Herrera Amir Khan Stands To Pocket 13 Million in Canelo Showdown Brown on PBC: We're Giving Fans What They Want and Expect Examining the Badou Jack-Lucian Bute Scorecards Anthony Joshua-Zhang Zhilei Eyed For The Future in China? Glen Tapia Ready For David Lemieux, Feels A lot Stronger at 160 Bute Wants the Winner of DeGale-Jack Unification Fight Photos: Anthony Crolla vs. Ismael Barroso Open Workouts Examining the James DeGale-Porky Medina Scorecards Hearn Wants Joshua to Become Pay-Per-View Star in America ALA Promotions Prez: Magsayo Will Never Be Another Pacquiao De La Hoya Breaks Down Speed vs. Power Fights of The Past Curtis Stevens on The Trainer Switch To John David Jackson Team Verdejo Bring in Nutrionists, Sports Psychologists For 6/11
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement