BoxingScene.com was informed that Canelo Promotions was the sole bidder in this morning's purse bid, held by the World Boxing Association in Panama. The promotional company, owned by WBC champion Saul "Canelo" Alvarez, submitted the minimum bid of $120,000 dollars to secure to the rights to the featherweight bout between "regular" champion Celestino Caballero (36-4, 23KOs) and mandatory challenger Nicholas Walters (21-0, 17KOs). There will be a 75-25 split in favor of the champion.
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