https://www.boxingscene.com/oubaali-vs-donaire-tgb-promotions-wins-purse-bid-title-fight--146274
TGB Promotions secured the rights to the aforementioned bantamweight title fight through a purse bid hearing held Tuesday at World Boxing Council (WBC) headquarters in Mexico City. TGB submitted a winning bid of $401,000.
As per an incentive policy adopted in 2016 by the WBC, 10% ($40,100) of the total purse will be held in escrow and awarded to the winner.
“This innovation gives greater incentive for both fighters to win the fight,” Mauricio Sulaiman, president of the WBC declared after the purse bid results.
As the defending titlist, France’s Oubaali is entitled to the favorable end of a 60/40 split of the remaining amount, or $216,540. The balance—$144,360—will go to Donaire, whose appointment as mandatory challenger came courtesy of a unanimous vote by the WBC Board of Governors, with his elevated and past championship status entitling him to larger share of the purse than normally afforded such a contender.
TGB Promotions secured the rights to the aforementioned bantamweight title fight through a purse bid hearing held Tuesday at World Boxing Council (WBC) headquarters in Mexico City. TGB submitted a winning bid of $401,000.
As per an incentive policy adopted in 2016 by the WBC, 10% ($40,100) of the total purse will be held in escrow and awarded to the winner.
“This innovation gives greater incentive for both fighters to win the fight,” Mauricio Sulaiman, president of the WBC declared after the purse bid results.
As the defending titlist, France’s Oubaali is entitled to the favorable end of a 60/40 split of the remaining amount, or $216,540. The balance—$144,360—will go to Donaire, whose appointment as mandatory challenger came courtesy of a unanimous vote by the WBC Board of Governors, with his elevated and past championship status entitling him to larger share of the purse than normally afforded such a contender.
