As previously reported on BoxingScene.com, the World Boxing Association (WBA) Championships Committee called the fight between Manuel Charr and Fres Oquendo for the Heavyweight Title, which is currently held by Charr.
The purse bid took place earlier today and BoxingScene.com was notified that Oquendo's handlers walked away with the victory. They bid $600,000 to secure the rights to the fight - while Charr's team bid $101,000.
Oquendo is the mandatory challenger to the crown, and Charr was notified about this through a resolution last year, which indicated that both had to reach an agreement to fight and set a deadline of December 22.
Charr won the championship last September, after beating Alexander Ustinov by unanimous decision, and has a record of 31 wins, 4 losses and 17 knockouts. On the other hand, Oquendo has won 37 fights, lost 8 and knocked out 24 opponents.
Both parties were duly notified, the monetary percentage will be an even 50% split for each fighter.
IN OTHER NEWS: The World Boxing Association (WBA) Championships Committee called the fight between Alberto Machado and Rafael Mensah for the WBA super featherweight Title, which is currently held by Machado, to a purse bid on February 19.
The minimum for this purse bid is 120 thousand dollars with 75% in favor of the champion, while the challenger will receive 25%. In this way, the Championships Committee enforces the resolution issued last November.
Machado won his 130-pound world title in October 2017, when he beat Panamanian Jezreel Corrales by knockout in the eighth round. The Puerto Rican fighter has a record of 19 victories, does not know defeat and has won 16 fights by knockout. For his part, Mensah has an immaculate record of 31 wins and 23 knockouts.
Both parties were duly notified. The purse bid will take place on February 19 at the offices of the WBA located in Panama City.