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WBC Announces Escrow Policy For Purse Bid Results

Today in Miami, the WBC is conducting a purse bid for the WBC World Heavyweight Championship, with Champion Deontay Wilder facing mandatory challenger Alexander Povetkin.

The WBC has proudly instituted a new rule that for all WBC bouts that go to purse bid, 10% of the total amount is reserved to be paid as a bonus to the winner of the fight. Historically, boxers competed in “winner take all” fights, but the sport in modern times changed, so now the boxers receive amounts set before the fight, with no added incentive to the winner.

The WBC believes that for the benefit of honest competition, the fans, and the sport, the WBC’s bonus rule will result in the most exciting and spectacular bouts in boxing.

The total amount of the winning bid will be divided as follows:

  • 10% of the total amount will be reserved in escrow and will be awarded to the winner of the fight.
  • The remaining 90% of the total bid will be divided 70% for champion Wilder and 30% for mandatory challenger Povetkin.
User Comments and Feedback (Register For Free To Comment) Comment by techliam on 02-26-2016

[QUOTE=ИATAS;16497310]Ah thanks for clearing this up! I knew there was a rule for champions fighting away from their home country but couldn't remember if the WBC had it in place or not. Do you know if the IBF/WBA has a…

Comment by ИATAS on 02-26-2016

[QUOTE=techliam;16497156]I posted this on the other thread, and was pretty much ignored. This rule has been in effect since November 2015 [url]http://www.boxingscene.com/forums/showthread.php?p=16492817#post16492817[/url] Yeah, so if Wilder wins, he'll get 73% of the overall purse, if Povetkin wins, he'll get 37%…

Comment by anonymous2.0 on 02-26-2016

so what happens if there's a draw or a no decision?

Comment by Pigeons on 02-26-2016

[QUOTE=techliam;16497156]I posted this on the other thread, and was pretty much ignored. This rule has been in effect since November 2015 [url]http://www.boxingscene.com/forums/showthread.php?p=16492817#post16492817[/url] Yeah, so if Wilder wins, he'll get 73% of the overall purse, if Povetkin wins, he'll get 37%…

Comment by Urtain on 02-26-2016

Povetkin's team won the bid!! The bid is estimated to be around 7,2M$. Will Wilder go to Russia for 4,5M$? Haymon has lots of money though... Riabinsky is short of money though... LOL!!

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