Purse Bid Results from Panama

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Purse Bid Results from Panama
Vlad Hrunov, with a bid of $600,000, was the only promoter to bid on the fight.

With WBA Super World bantamweight champion Rau’shee Warren and WBA World bantamweight champion Jamie McDonnell having already reached an agreement for their fight, all eyes were on the remaining two purse bids at the World Boxing Association offices this morning.

The main event in Panama concerned the mandatory fight between WBA World interim heavyweight champion Luis “The Real King Kong” Ortiz (25-0, 22 KOs), the knockout artist from Miami by way of Camaguey, Cuba, and WBA #3 ranked Alexander Ustinov (33-1, 24 KOs), from Minsk, Belarus, by way of Paustovo, Russia.

Vlad Hrunov of World of Boxing LLC with a bid of $600,000 was the only promoter to bid on the fight. If it goes forward as planned, Ortiz-Ustinov will be in either Russia or the United States. Golden Boy Promotions was eager for Ortiz vs. Ustinov to appear on the September 17 pay-per-view between Canelo Alvarez and Liam Smith, but a dispute between Golden Boy and Dade Promotions, both of which promote Ortiz, has stalled any action on that front.

The co-main at this morning’s purse bids concerned the fight between WBA World super welterweight champion Jack Culcay (22-1, 11 KOs), from Darmstadt, Hessen, Germany, by way of Ambato, Ecuador, and WBA #1 ranked Demetrius Andrade (23-0, 16 KOs), the hard-hitting southpaw from Providence, Rhode Island.

With the WBA having established a minimum bid of $150,000 in advance for the right to promote the fight, Sauerland Event, with a bid of $425,000, outbid Banner Promotions, with its bid of $201,000, to promote Culcay vs. Andrade. The world title bout will take place in Germany, the home of both Culcay and Sauerland, so an enthusiastic crowd will be on hand.

Expect an announcement in October or November as to when Culcay-Andrade will take place.

This article was penned by the author who is not related to the WBA and the statements, expressions or opinions referenced herein are that of the author alone and not the WBA.


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