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Can someone explain what a purse bid is?? | BoxingScene Community

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Can someone explain what a purse bid is??

FIGHTING_FLIP13y ago

So im confused. Lara with GB is gonna fight Vanes from TR for a 2nd time. so is TR and GB doing business together again?

Comments (6)

So why cant GBP and TR do this more often? say like for a rios-garcia/matthysse or mares-donaire? The sanctioning bodies do it. The WBC, WBA, WBO, etc. Why don't they do it more often? Who knows. Boxing is corrupt, maybe those promoters are paying them off and preventing them from doing it? Idk...

13y ago

So why cant GBP and TR do this more often? say like for a rios-garcia/matthysse or mares-donaire? Because the fight has to be ordered by one of the alphabet organizations. Lara/Vanes is a fight ordered by the WBC, actually flexing their authority in a positive manner for once. Rios is WBO/IBF, Garcia is WBC/WBA, Matthysse is WBC. Donaire is WBO, Mares is WBC.

13y ago

TR and GBP didn't do business together the first fight nor will they for this one. The first fight was a 100% Top Rank Event and the second fight will be a 100% GBP event. Whoever wins the purse bid gets exclusive authority to promote the fight. No working together takes place. So why cant GBP and TR do this more often? say like for a rios-garcia/matthysse or mares-donaire?

13y ago

so is TR and GB doing business together again? TR and GBP didn't do business together the first fight nor will they for this one. The first fight was a 100% Top Rank Event and the second fight will be a 100% GBP event. Whoever wins the purse bid gets exclusive authority to promote the fight. No working together takes place.

13y ago

When 2 promoters can't come to an agreement on a fight the fight is ordered to a purse bid. A purse bid is where promoters bid to see who earns to the right to promote the fight. Think of it as an auction. I also wanna say more promoters than the 2 originally involved can bid but Im not 100% sure about that one. /end thread

13y ago

When 2 promoters can't come to an agreement on a fight the fight is ordered to a purse bid. A purse bid is where promoters bid to see who earns to the right to promote the fight. Think of it as an auction. I also wanna say more promoters than the 2 originally involved can bid but Im not 100% sure about that one.

13y ago