Originally posted by WBC WBA IBF
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GGG wanted to fight Derevyenchenko after a rescheduled fight with Canelo.
The IBF said "no" and gave him 90 days to fight his mando. When Loeffler told them he intended to carry on negotiating with Canelo instead of moving on to Deryevenchenko, the IBF stripped GGG immediately.
They did not wait for the deadline to expire or order a purse bid. There was no legal requirement for them to do that and there would have been no legal requirement for the WBA to order a purse bid for AJ/Povetkin if Hearn hadn't complied with their order to confirm the date for the fight within 24 hours.
All the terms for AJ/Povetkin - purse split, money, venue, date - had already been agreed by both sides, in the event of AJ/Wilder not being signed.
The only question was whether Hearn would confirm that the fight was going to happen next, on the agreed date.
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