Comments Thread For: Lomachenko-Russell: Golden Boy Wins The Purse Bid

[The Problem Child]

Golden Boy won the right to promote the fight. They will choose the date and the location of the event and since it will be a Golden Boy card, Showtime will probably televise. Top Rank will send one of their representatives for Loma.

The bout is for a vacant belt and in this case the purse split is 50-50.

Wow. Do purse bids only take place when there are fighters of two different promotional companies going up against each other?

And I'm guessing GB signs the checks for both, right?

I truly appreciate your time and information bud.

[MDPopescu]

To be fair Loma did the pushing not TR. He would only sign a contract with Top Rank would get him an immediate title shot. He wanted to make history.

Top Rank usually does a good job building up prospects, but Loma didn't want that.

The kid was delusional -- as many kids are... Grownups, instead, are not permitted to perform such foolish things...

[Ged21]

Could someone explain in detail how purse bids work? So since GB won will the fight be broadcasted on SHO or how does it work? Who pays Lomachenko?

I'd appreciate someone sharing the knowledge!

To my knowledge, a purse bid happens when a champion and the mandatory fighter cannot come to an agreement. The sanctioning body then has a purse bid. The promoters bid and the highest bid wins. The boxers representatives then negotiate the split, venue, and tv like any other fight.

[The Problem Child]

The winning promoter gets to promote the fight, of course, and so gets to determine on which network it is aired.

The bid purse split to the fighters is already set from the rules in place by the sanctioning body. This split is always based almost solely on the rankings of the fighters.

Hope that helps a little bit.

P34c3

So if Mayweathee-Pacquiao would get agreed upon, it would go to purse bid? However, if TR wins... Floyd can't fight on SHO. What would happen then?

Appreciate the help bro.

[Godsfly]

someone must truly hate loma to put him in there with russell............

[MrClutch85]

Good news Russell will outbox Lomachenko

[ИATAS]

Can this be the first step to ending the Cold War? Can this fight actually be good for boxing?

because they aren't working together. Think Vanes (Top Rank) vs Lara (GB).

[Suavecito80]

Golden Boy won the right to promote the fight. They will choose the date and the location of the event and since it will be a Golden Boy card, Showtime will probably televise. Top Rank will send one of their representatives for Loma.

The bout is for a vacant belt and in this case the purse split is 50-50.

So lomachencko is 1-1 but is fighting for a championship? Not to mention coming off of a loss.

[ИATAS]

So if Mayweathee-Pacquiao would get agreed upon, it would go to purse bid? However, if TR wins... Floyd can't fight on SHO. What would happen then?

Appreciate the help bro.

Normally, if something like that were to happen, Floyd would be stripped his title, then Pacquiao would fight for that vacant title against the next highest ranked, available fighter.

[fighter86]

Mr Russell will be fighting an amateur ,way too much speed for lomo ,if a slow Orlando can tag him ,what's he's going to do against someone with lighting speed. Again I say this kid will have less than ten fights before his career is over.