Advertisement: IBO Boxing

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
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][/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][/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!!

Top Headlines
WBO Planning Four-Man Lightweight Tournament To Establish Mandatory Challenger Jason Moloney: I Would Absolutely Love A Fight With Casimero Bob Arum: Herring-Frampton Will Be Rescheduled For November, Site TBD Luke Campbell: Ryan Garcia Has Speed, Power, But I Will KO Him Katie Taylor: I'll Leave No Doubts In Rematch With Delfine Persoon Archie Sharp is Buzzing To Return Against Jeff Ofori at BT Studio Andres Campos Continues Rise in Rankings, Grows in Confidence Jeff Horn vs. Tim Tszyu on August 26, With Fans, in Townsville Canelo Willing To Entertain Golovkin Trilogy in 2021, Says Golden Boy Prez Jarrell Miller and Boxing's PED Problem Fury: Joshua Refused Wilder Fight Twice - Scared of Being Chinned Deshon Webster, Samuel Clarkson Fight To Draw In Front of Fans In Biloxi Magomed Abdusalamov - Book Being Written, Motion Picture Offers Being Made Jose Pedraza is Not Looking To Rush To a World Title Shot Navarrete Officially Vacates WBO Title, Requests To Be Mandatory at 126 Warrington: Gary Russell is There For The Taking, Xu Can Fight Would Be Memorable Arum: I Believe Jarrell Miller Will Get Multi-Year Suspension or Life Ban Jared Anderson: 'The Real Big Baby' Nickname is Here To Stay! Anthony Joshua, Tyson Fury Featured in UFC 4 Video Game Sor Rungvisai Aims For Trilogies With Estrada, ‘Chocolatito’ After Rescheduled Ruenroeng Bout Herring: I Made Promises And Always Keep My Word, Champions Don't Make Excuses Joe Smith's Promoter Hopeful Fight With Alvarez Is Rescheduled For Late August Mikey Garcia Backs Jose Ramirez To Beat Terence Crawford in 147 Clash Daily Bread Mailbag: Badou Jack, Roberto Duran, Joe Frazier, More Edgar Berlanga Vows To Impress on Top Rank Card in Las Vegas Gaspard Pierre, Team Haiti Standout, To Go Pro on July 17 Navarrete, Magdaleno Ready To Fight For Stevenson's Vacant Belt Ryder's Coach: If No Canelo, I Want Billy Joe Saunders Rematch Tibbs Wishes Dillian Whyte All The Best After Communications Breakdown Mayweather Will Travel To Tokyo For Meeting With Rizin Kerman Lejarraga Set To Return on August 8 in Marbella Devin Haney Sounds Off on Lomachenko, Garcia, Lopez, Davis Wallin-Kauffman: Showtime To Televise Heavyweight Fight August 15 Brad Foster Retains Titles With Decision Over James Beech Takam-Forrest ESPN Telecast Peaks At 344K Viewers, Averaged 299K Tagoe, Berinchyk: Representatives Begin Talks In Anticipation of WBO Title Eliminator Brad Foster vs. James Beech - LIVE Results From Stratford Riddick Bowe Eager To Fight Mike Tyson or Evander Holyfield Fayfer vs. Papin in WBC Eliminator on August 15 in Sochi Rod Ballelos Appointed as Chief Medical Officer For Matchroom Boxing USA
Latest Forum Threads