Comments Thread For: Prograis Says His Purse Check From Saturday Night Bounced Due To Insufficient Funds

[sicko]

OK, seems like a Bank Mix Up

My Apologies to MarvNation, glad Prograis getting his money and things getting worked out. Probably should've jumped on the phone with the Bank and Promoter before running to Social Media

Fighters still need to do Escrow but allegedly that can come with some problems too

[A.B Counterhooks]

“Not all money is good money”.

Errol Spence.

Lol I was thinking that exact same quote from Spence,its an F'up situation for regis but thats what could happen when dealing with sketchy promotions ,Bud should take note on this ,bet hes not getting those 10 mill lmao

[Lupara]

It's because of money laundering laws.

Electronic transactions over $10k get scrutinized. Checks don't if you deposit in the branch because there are humans involved. There are also transaction limits, daily deposit limits, etc. Checks normally have no such restriction if you have the right kind of checking account.

Floyd was paid via physical check for the Pacquiao fight.

It's not unusual, but as others said, Crawford is next not to be paid, and expect him to try to sue instead of understanding why Spence told him to do it right instead of trusting shady fits.

And Broner should know better.

ahh, got ya.

[billeau2]

Or so he thought.. my man Marv is demanding renegotiation LOL

Source?

[billeau2]

Nobody does. I don't even believe he got that milly from BLK like he said. If he did i guarantee you he's not gooing to get the other 5 milly after the fight, providing that the fight even happens. The sanctioning bodies should ban anyone in America from purse bids if they cannot prove they have put on more than 5 successful highly profitable events in the past. If not, the TR PBC GBP and Dazn should be the only ones allowed to bid.

It is really very simple, no banning, experience required: We have escrow companies for a reason... You and I agree to a promotion where money is promised as a guarantee for performance. We go to an escrow company and put the funds in, nobody can touch that money... It has specific instructions attached to it. I cant believe this was not done.

[ELPacman]

I'm sure this dude thought that by charging $60 bucks on an unknown network for a fight that nobody knew about aside from hardcore fans, that he was going to make a killing. Shows how good he is at investing.

[Bronx23]

Triller stole a purse bid to the Teo/jamboree fight and then called it off when they realized there was no profit. Marvnation staged the fight anyway even though they knew there wasn't a profit but that sleezeball Marvin Rodriguez took what little money he made and skipped town. Now BLK prime is next. If they other two Apps couldn't even generate a few million in sales how in the world are they going to pay him 10 million dollars?

According to Bud he already got paid 5 of his promised $10M so if he doesn’t get anything else, I’d still call that a W considering who he’s fighting

[Leicesterage]

Checks in 2022 is crazy to me

It's because of money laundering laws.

Electronic transactions over $10k get scrutinized. Checks don't if you deposit in the branch because there are humans involved. There are also transaction limits, daily deposit limits, etc. Checks normally have no such restriction if you have the right kind of checking account.

Floyd was paid via physical check for the Pacquiao fight.

It's not unusual, but as others said, Crawford is next not to be paid, and expect him to try to sue instead of understanding why Spence told him to do it right instead of trusting shady fits.

And Broner should know better.

[Brother Mouzone]

giphy.gif
............

[champion4ever]

The most ridiculous thing here is the USA still using checks like it's 1992.

You are right. The funds should have been directly deposited into Regis Progais' checking account.