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K2 wins purse bid

Discussion in 'Boxing Discussion' started by nip102, Jun 29, 2010.

  1. nip102

    nip102 Purple Belt

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    BoxingScene.com has been advised that K2 Promotions won today's WBO ordered purse bid for the September clash between WBO/IBO/IBF heavyweight champion Wladimir Klitschko and mandatory challenger Alexander Povetkin.

    K2 put in a winning bid of $8,313,000, and Sauerland Event, who promote Povetkin, put in a bid of $4,250,001. Both sides have 15 days to return contracts. The tentative date for the fight is September 18 in Germany.

    Wlad REALLY didn't want to go to Moscow

    $8.3 million
     
  2. nip102

    nip102 Purple Belt

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    75-25 Wlad
    so they have to pay around two millions to Sauerland and Povetkin
     
  3. MeBig

    MeBig Brown Belt

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    With endorsement and promotional revenue, Vlad will take in over $20 mill easy after overhead.
     
  4. Lazy Man

    Lazy Man Heavyweight Champion of the World

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    That high? That seems high to me... although not out of the question
     
  5. nip102

    nip102 Purple Belt

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    its is high wlad outbid as he didn't want to fight in russia for good reason
     
  6. Lazy Man

    Lazy Man Heavyweight Champion of the World

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    I was responding to MeBig's post


    The K2 bid seems reasonable... they know how much money they can make in Germany, and bid accordingly.

    I think he bid 13M last time they had a purse bid

    K2 wins purse bid!
    By Lisa Scott
    Fightnews has learned that K2 Promotions has won the purse bid for the IBF heavyweight championship bout between title holder Wladimir Klitschko and #1 ranked Alexander Povetkin. K2’s bid of $13,130,130., outshone Sauerland’s of $8,114,140.
     
  7. nip102

    nip102 Purple Belt

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    that was before haye and povetkin had more hype.
    K2 will make this fight in Germany, pack over 50K into a stadium, and distribute it all over Europe television. Wlad will easily make over $10M for this fight
     
  8. Lazy Man

    Lazy Man Heavyweight Champion of the World

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    What do you mean by this?

    They had more hype before?

    Or it was before they had hype?
     
  9. nip102

    nip102 Purple Belt

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    povetkin was seen as wlads only real contender not so now with haye on the scene , his time on the sidelines also took some stream out of him
     
  10. Lazy Man

    Lazy Man Heavyweight Champion of the World

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    You could be right about that
     
  11. prod2821

    prod2821 Gold Belt

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  12. Todd498

    Todd498 Purple Belt

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    I think this will be similar to the Chagaev fight with Teddy throwing in the towel before 8.
     
  13. brian13

    brian13 Brown Belt

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    About time we see this fight. It is nearly two years in the making.
     
  14. MeBig

    MeBig Brown Belt

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    Promotional revenue from sponsor advertising (commercials, logos on the ring, ringcards), sales(60,000 seats, food/beverage, tshirts & other souveniers sold at the arena and their website leading up to and during the fight),

    Expenses would be marketing (commercials, printed/online ads, etc), staging (arena, ring, equipment), staff and paying the fighters.... $6,225,000 of which goes to Vlad as the participating fighter (assuming the 75/25 split mentioned is accurate).

    I probably missed a bunch of stuff but that seems to be the fundamentals of things.

    And anyway he reportedly made $20mil in his last fight...this opponent will bring more public interest than Chambers did.
     
  15. MeBig

    MeBig Brown Belt

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    Oh and income from Hugo Boss for his endoresements with them and training expenses, of course
     
    Last edited: Jun 29, 2010
  16. MeBig

    MeBig Brown Belt

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    The arena alone would get him pretty close to 20 with the fight purse depending on what average ticket prices are in Germany for one of his fights, maybe somebody here knows...?
     
  17. eddymotto

    eddymotto Red Belt

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  18. eddymotto

    eddymotto Red Belt

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    I don't have the source handy but I believe that the $20M number for his last fight was proven to be inaccurate (it was reported by a Russian news source but then discredited). don't get me wrong - not arguing with your overall point - just think that the $20M figure was not reported accurately in the media a while back
     
  19. Left Hook Lacy

    Left Hook Lacy Green Belt

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    This fight wouldve NEVER went to Russia whoever had won the purse bid. With Sauerland I guess it wouldve be safe to assume this fight taking place in Germany. Now its probably gonna be the same, but the Klits also wanna fight in the US.

    Without HBO, though, it should happen in Germany. What the hell is HBO not interested in this fight? Povetkin is one of these like top 5 guys they keep mentioning on their broadcasts.

    Im not sure about the ticket prices. Never been to a Klitschko fight and havent been to a lot of boxing in general. Cant be compared to Vegas fights I guess ... If they decide to go in another big stadium, it will be difficult to really fill it.
     
  20. Lazy Man

    Lazy Man Heavyweight Champion of the World

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    I think that was in relation to Vitalis last fight.
     

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