Molitor-Ndlovu IBF Purse Bid: Branco Wins Rematch

By Chris LaBate

Branco Sports Productions won the rematch of the IBF purse bid for the trilogy between IBF junior featherweight champion Steve Molitor and challenger Takalani Ndlovu. Branco put in a bid of $320,000, while Top Rank bid $227,500. The previous bid was held on November 30, 2010, and won by Top Rank with $215,000. Branco had bid $154,240.

Because the fight was scheduled for March 19 in Molitor's backyard of Quebec, it fell beyond the IBF's 90-day rule and a new purse bid was scheduled. Branco has the option of keeping it on the same date or placing it elsewhere.

“The boxing event must be scheduled to take place within ninety (90) days of the bidding procedure. The winning promoter shall promptly make travel arrangements for the participants and inform them and the IBF of these arrangements.”