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 Euro News: Virgilijus Stapuliones, Frenois vs. Dib, More Ellerbe: Mayweather Brought Boxing Back, People Talking Again! Malignaggi: The Boxing World is Laughing at McGregor! Roy Jones Jr. and BeIN Sports Ink Television Deal For Events Harmonito Dela Torre Furious Over Saul Rodriguez Withdrawal McGregor KO Would Resonate Far Beyond Weekend in Vegas De La Hoya: Canelo Took Mayweather Fight Too Soon, Better for It Cleverly Expects Mayweather To Stop McGregor Inside of Six Retirement Crosses Canelo's Mind, But Not Ready to Walk Away McGregor Motivated By Dismissive Boxing Fans, Vows to 'Educate' Samuel Vargas Edges Ali Funeka Over Ten Rounds Mayweather-McGregor: Camps Warned To Avoid Confrontations Photos: Payano vs. Santiago, Herring vs. Miller - Official Weights IBF Abolishes Second Weigh-in For Unification Bouts Arum Discusses Crawford's Future, Facing Pacquiao-Horn Winner Joshua: Mayweather Will Beat McGregor in Landslide, Can't Compete Marcos Hernandez Camp Notes For Kevin Newman Bout Arum Gives Latest on Lomachenko vs. Rigondeaux Fight Jeff Horn: I Can Beat Floyd Mayweather and Conor McGregor! Haye Feels Mayweather Has Zero Fear of McGregor Landing Shots Anthony Joshua: I’d Try MMA, But I Would Probably Get Beaten Saunders: I'd Jump at Chance To Face Daniel Jacobs in December! Carl Frampton Makes it Official: Leaves Barry McGuigan, Cyclone McGregor: No Fan of Canelo, Golovkin - I Want Lomachenko-Rigo Chris Algieri: McGregor Loses, Took Me 10-15 Fights To Transition McGregor: Horn Mauled Pacquiao - That Was No Robbery Daily Bread Mailbag: Crawford-Spence, Fantasy Matches, More DeGale: Mayweather-McGregor a Mismatch, But a Great Event Damon Jones vs. James Metcalf, British Eliminator Set, 10/21 Usyk vs. Huck: Otto Wallin vs. Timur Stark Added To The Card Euro News: Braehmer-Brant, Pawel Stepien, Pierre Madsen, More Andre Ward: We Could See Mayweather Win With BIG Knockout Pacquiao-Horn Funding Issue Resolved: Manny Plans To Fight Lomachenko-Rigondeaux Close For December 9 on ESPN Golovkin-Canelo and The Right Amount of 'Marinate' Andre Ward Warns Tony Bellew: This Ain't a Movie, This is Real! Cyborg Backs Mayweather To Win, Would Love To Enter Boxing Lennox Lewis: Mayweather Should Not Be 50-0, Fight is a Farce! McGregor: I'm Ready To Change The Face of The Fight Game Berto: If McGregor Beats Mayweather - It's a Big Blow To Boxing
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement