By Rick Reeno has been advised that Russian promoter Vladimir Hryunov set down a monster bid of $23,200,000 million dollars to overwhelm the competition at the WBA's mandatory heavyweight purse bid, securing the rights to the championship fight between Wladimir Klitschko (59-3, 50KOs) and Alexander Povetkin (25-0, 17KOs). K2 Promotions put in a bid of $7.1 million dollars and Sauerland Event bid 6.01 million.

Klitschko-Povetkin has to take place by the end of August. Both fighters have fights lined up in May. Wladimir faces Francesco Pianetta next Saturday in Germany, while Povetkin is going to make his own voluntary defense against Polish opponent Andrzej Wawrzyk on May 17 in Russia.

Over the last few years, there were two prior purse bids and both of them were won by Klitschko's company, K2. Hryunov is the longtime manager and adviser of Povetkin. Klitschko will receive 75% of the money as the "super champion" and Povetkin gets 25%. Hryunov listed Russia, Germany and Las Vegas as potential locations for the fight.

Hryunov is looking at a date of August 31, while Sauerland wanted to stage the fight on August 25th or September 15th, and K2 was looking at September 7 and September 14.