Some of the contract terms for the heavyweight fight between IBO/WBO/IBF heavyweight champion Wladimir Klitschko and previous mandatory challenger Alexander Povetkin have been revealed. Their fight was scheduled for September 11 in Frankfurt, Germany. The bout cracked wide open after Povetkin failed to appear at last Monday's press conference in Frankfurt and because Povetkin failed to sign the bout agreement within the 15-day period following the purse bid result.
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If Povetkin's promotional company was the bid with 4 mil offer he would not even get 500k. Teddy Atlas said on the ESPN yesterday that Povetkin agreed with him not to take the fight now.
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