Yes, he has to make a mandatory title defense against Dejan Zlaticanin next. The two sides are in negotiations, and the WBC deadline for a deal to be reached before purse bids took place was Friday. However the WBC extended the deadline because the two parties informed them that a deal is close and will be officially announced (date, location etc) before the new year or just after the new year has begun
Yes, he has to make a mandatory title defense against Dejan Zlaticanin next. The two sides are in negotiations, and the WBC deadline for a deal to be reached before purse bids took place was Friday. However the WBC extended the deadline because the two parties informed them that a deal is close and will be officially announced (date, location etc) before the new year or just after the new year has begun
ah thank you sir.
while you're at it, can you explain what a purse bid is? never really understood that.
appreciate it, !
ah thank you sir.
while you're at it, can you explain what a purse bid is? never really understood that.
appreciate it, !
A purse bid is a bid that takes place when the mandotory challenger and the champion can't come to an agreement to make the fight.
The belt organization holds a purse bid and any legitimate boxing promotion can bid on the fight. The promotion company that puts up the most money gets the rights to promote the fight.
Now when I say any legit promotion company can bid I do mean any. The promotion company doesn't have to be the promoter of any of the two fighters to put the money up.
And A large percentage of the money bidded goes straight to the champion, I think something like 80%. For a vacant title each fight receives 50% of the bidded money.
A purse bid is a bid that takes place when the mandotory challenger and the champion can't come to an agreement to make the fight.
The belt organization holds a purse bid and any legitimate boxing promotion can bid on the fight. The promotion company that puts up the most money gets the rights to promote the fight.
Now when I say any legit promotion company can bid I do mean any. The promotion company doesn't have to be the promoter of any of the two fighters to put the money up.
And A large percentage of the money bidded goes straight to the champion, I think something like 80%. For a vacant title each fight receives 50% of the bidded money.
The other guy explained it perfectly, but yeah, it's basically when an organization orders a champion to face their mandatory, no.1 ranked contender. champions get a voluntary title defense period where they can fight anyone in the top 15 of that governing bodies rankings eg Linares is the WBC lightweight champion so can defend against anyone in the top 15 of the WBC lightweight rankings, but then after a set period of time they must face the mandatory challenger, which in this case the no.1 ranked WBC mandatory challenger is Zlaticanin.
The two respective sides - Linares & Zlaticanin's teams - have a certain time frame to do a deal and come to terms of purses for the boxers, venue, date, TV network etc. if a deal is not done in that time frame then a purse bid will be held, where the side who bids the most will get full control over the venue, date etc and will be able to announce it when they have it sorted (which of course must be within a set time period, a very short one). Usually with a purse bid the champ will get 75% of the purse and the challenger 25%.
The only thing that takes preference and allows a champion to not have to make a mandatory defense is if they agree a unification fight ie Linares as WBC champ agrees to face the WBA, IBF or WBO champ.
Also hold up, it has been reported that Linares is in talks to possibly fight WBA champion Anthony Crolla in a WBC/WBA unification in Manchester, UK in March/April time.
If this fight does not happen thought he's facing Zlaticanin next
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