Comments Thread For: Ricky Burns-Terence Crawford Goes to Purse Bid

[BIGPOPPAPUMP]

A purse bid has been scheduled for the potential fight between World Boxing Organization lightweight titleholder Ricky Burns and mandatory challenger Terence Crawford, according to a Monday posting on the WBO website.

The purse bid will be held on the morning of Monday, Dec. 9, at the WBO’s headquarters in Puerto Rico. The minimum bid is $150,000. [Click Here To Read More]

[BoxingJunkie]

AND NEW! Here comes the end of Ricky Burns

[Beercules]

God I hope they won't rob Crawford but they will.

Crawford is a true talent, I hope he KO's Ricky so the judges won't have a chance to rob him.

[FrenchDeLaHoya]

can someone please help &explain to me what a "purse bid" is?

[FrenchDeLaHoya]

AND NEW! Here comes the end of Ricky Burns

& omg whose she in your avi?
whats her twitter? ima contact her nd see if she could shoot for my company.

[Russian Crushin]

can someone please help &explain to me what a "purse bid" is?

When a sanctioning body demands 2 guys fight, if they cannot freely come up with an agreement, a purse bid is ordered to make the fight. In a purse bid, the 2 promoters bid for the full promotion rights to fight. Its basically an auction for who stages the fight. There is usually a 75-25 split for the champ

[Mr. David]

can someone please help &explain to me what a "purse bid" is?

When a titleholder and his mandatory challenger — or the two contenders vying for a vacant belt — are unable to reach a contractual agreement, the fight goes to something called a purse bid.

The sanctioning body allows promoters (they don't even need to promote the fighter) to put down some money and show up and put in a sealed bid, which is the amount that they're willing to pay the fighters to put on the bout.

This is to the sanctioning body's advantage, as it's like an auction, and the sanctioning body gets a percentage cut. Except it's not like an action, as they're not bidding each other up. Rather, the sealed bids are then opened, and the high bidder gets the rights to put on the fight.

[FrenchDeLaHoya]

AND NEW! Here comes the end of Ricky Burns

When a titleholder and his mandatory challenger — or the two contenders vying for a vacant belt — are unable to reach a contractual agreement, the fight goes to something called a purse bid.

The sanctioning body allows promoters (they don't even need to promote the fighter) to put down some money and show up and put in a sealed bid, which is the amount that they're willing to pay the fighters to put on the bout.

This is to the sanctioning body's advantage, as it's like an auction, and the sanctioning body gets a percentage cut. Except it's not like an action, as they're not bidding each other up. Rather, the sealed bids are then opened, and the high bidder gets the rights to put on the fight.

When a sanctioning body demands 2 guys fight, if they cannot freely come up with an agreement, a purse bid is ordered to make the fight. In a purse bid, the 2 promoters bid for the full promotion rights to fight. Its basically an auction for who stages the fight. There is usually a 75-25 split for the champ

wow thanks for the help & clearing that up for me fellas
nd david, good luck on all your future endeavors w your literature!

[ShoulderRoll]

Something tells me that Burns might vacate that title.

[umop-ap!sdn]

Nice! Hope Burns doesn't find a way out of this fight.