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Lomachenko vs. Russell Purse Split To Be Examined - Boxing News
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 Last update:  4/22/2014       Read more by Rick Reeno         
   
Lomachenko vs. Russell Purse Split To Be Examined
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By Rick Reeno

The WBO's purse split for Gary Russell vs. Vasyl Lomachenko will have to be examined, according to Golden Boy Promotions CEO Richard Schaefer. Last week, Golden Boy won the promotional rights with a bid of $1,052,250, barely beating out Top Rank's offer of $1,050,000. Golden Boy is planning to stage the fight on June 21 at the StubHub Center in Carson, California.

According to the WBO's rules, Lomachenko is entitled to 60% of the split - $631,350 - with Russell getting 40% or $420,900. While Russell is the mandatory challenger to the vacant WBO featherweight title, Lomachenko is entitled to more money, says the WBO.

In the WBO's rules, it reads the following: "If the fight is held in the country of origin, residence or nationality of one of the contenders, the resident contestant shall receive 40 percent and his opponent shall receive 60 percent off the total purse offered."

Schaefer says Lomachenko's residence needs to be confirmed. While the fighter hails from Ukraine, Schaefer says the Olympic gold medal winner lists his residence as Marina del Rey, California.

"We asked the WBO to clarify the situation as it relates to the purse split, because Lomachenko lists his residence as Marina del Rey, California. If he is in fact a resident of the United States, then it should be a 50-50 split," Schaefer told BoxingScene.com.

A source close to Lomachenko's team informed BoxingScene that Lomachenko's manager rents him a home in California for the purpose of occupying the dwelling during training camp. Besides living there during training camp, the boxer spends all of his time in Ukraine.

Tags: Gary Russell Jr. , Vasyl Lomachenko , Lomachenko-Russell , Lomachenko vs. Russell


 

 User Comments and Feedback (must register to comment)

comment by Pigeons, on 04-23-2014
[QUOTE=ShoulderRoll]Arum may have punked GBP on this one. Top Rank lost the purse bid but their fighter will end up getting paid more, with the money coming out of the pockets of their hated rival.[/QUOTE] Do you really think Top Rank gives a **** about how much money one of the fighters in t...

comment by Loque-san, on 04-23-2014
[QUOTE=ShoulderRoll]Arum may have punked GBP on this one.[/QUOTE] Not if the fight goes the distance...

comment by ShoulderRoll, on 04-23-2014
Arum may have punked GBP on this one. Top Rank lost the purse bid but their fighter will end up getting paid more, with the money coming out of the pockets of their hated rival.

comment by DempseyRollin, on 04-23-2014
[QUOTE=jreckoning]What is funny about this is this rule is kind of like a randomly applied out of nowhere rule. I highly doubt Quillen got 40% for beating Konecny this past weekend though according to the rule he should have.[/QUOTE] I think it only applies to vacant title fights bought to p...

comment by jreckoning, on 04-23-2014
What is funny about this is this rule is kind of like a randomly applied out of nowhere rule. I highly doubt Quillen got 40% for beating Konecny this past weekend though according to the rule he should have.

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