An old fight now has a new working date, but with all of the same elements still in place.
Golden Boy Promotions has retained promotional rights for the junior middleweight title fight between Patrick Teixeira and Brian Castaño, winning a purse bid hearing held Thursday afternoon. The fight remains with Golden Boy, who submitted a winning bid of $427,000 during the session which was held via Zoom conference call and moderated by the World Boxing Organization from its San Juan headquarters.
The bid far exceeded the $225,100 offer submitted by TGB Promotions—whom represents Castaño on behalf of Premier Boxing Champions—as the lone other bidder.
The new working date for the event is February 6, 2021—on the eve of the Super Bowl—at Fantasy Spring Resort Casino in Indio, California. However, Golden Boy is still firming up that part of the promotion.
For now, the priority was providing Teixiera with the championship treatment he deserves.
“Patrick Teixeira became a world champion in a tough fight on enemy turf, so we wanted to make sure that his defense would take place on a Golden Boy card,” Eric Gomez, president of Golden Boy told BoxingScene.com upon winning the purse bid. “Teixeira deserves it as do all of our world champions.
“We have an international stable of champions from countries as diverse as Brazil, Nicaragua, China, Mexico and Thailand, not to mention the homegrown champions we have in the United States. We are a global leader, and we intend to keep it that way when Teixeira defeats Brian Castaño. Details will come shortly.”
Per WBO purse bid terms, Teixeira's side is entitled to 75% of the winning bid, or $320,250 as the defending titlist. The balance—$106,750—goes to Castaño, per 25% going to the challenger.
The bout has been nearly a year in the making and in fact will now take place 14 months from its originally ordered date last December at the WBO convention in Tokyo. Brazil’s Teixeira (31-1, 25KOs) has yet to make a defense since being upgraded from interim to full-fledged WBO 154-pound titlist following his 12-round win over unbeaten Carlos Adames last November in Las Vegas.
Teixeira was due to face Argentina’s Castaño (16-0-1, 12KOs) this past April 25 at Fantasy Springs, as part of a massive show that was to feature five major title fights and a light heavyweight bout between Sergey Kovalev and Sullivan Barrera. The event was canceled due to the initial wave of the ongoing coronavirus pandemic, with a recent spike in numbers also compromising Teixeira’s ability to leave his native Brazil.
The travel status left the fight in limbo, as well as Castaño—who has been in Los Angeles for more than a month—eager to move forward with his career. The WBO intervened, calling for Golden Boy to either produce Teixeira or sufficient proof of his inability to defend the title within the discussed time frame.
With that came the purse bid offer, though Golden Boy was able to maintain the lead and avoid the fight being turned over to PBC.
Castaño has been out since a 5th round win over Wale Omotoso last November in Oxon Hill, Maryland. The bout was his first since being forced to abandon his secondary WBA junior middleweight title over an unresolved financial dispute surrounded his ordered rematch with France’s Michel Soro last summer.
Jake Donovan is a senior writer for BoxingScene.com. Twitter: @JakeNDaBox