Golovkin-Jacobs Purse Bid Likely

by
Golovkin-Jacobs Purse Bid Likely
Tom Loeffler of K2 Promotions recommended that the fight should go to a purse bid.

Golovkin-Jacobs Purse Bid Likely

by
Golovkin-Jacobs Purse Bid Likely
Tom Loeffler of K2 Promotions recommended that the fight should go to a purse bid.

Tom Loeffler of K2 Promotions recommended that the fight should go to a purse bid.
Tom Loeffler of K2 Promotions recommended a purse bid. (Photo: Courtesy)

The fight between WBA Super World middleweight champion Gennady Golovkin (36-0, 33 KOs), the undefeated knockout artist from Karaganda, Kazakhstan, and WBA World middleweight champion Daniel Jacobs (32-1, 19 KOs), the “Miracle Man” from Brooklyn, New York, will likely to go to a purse bid.

The WBA Championships Committee notified both fighters on September 11 to inform them that they had 30 days to reach an agreement.

Negotiations between the two parties end in six days, on October 12. However, Tom Loeffler, managing director of K2 Promotions who is representing Golovkin, told the WBA that it is unlikely that the parties will reach an agreement before the deadline and recommended that the fight go to a purse bid.

The request is currently being evaluated by the WBA.

Article 1, Section D of the WBA rules states that the boxers and their representatives, or the president of the WBA, can ask at any time during the negotiation process that a purse bid be offered to the public

Such a request must be examined and approved by the Championships Committee.

Jacobs’ lawyer Leon Margules asked the Championships Committee to reconsider the percentages in advance of the purse bid.

According to the rules of the organization, Article 9, Section D orders that the percentages for the fight between a Super World and World champion are 75% and 25% respectively.

However, the request made by Margules will be reviewed by the Championships Committee and its decision, as well as the time, date and place of the purse bid, will be announced Friday.

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.


Mrdjenovich vs. Amand Preview

Mrdjenovich vs. Amand Preview



Riyadh Season: Raymond Ford set to defend his WBA title

Riyadh Season: Raymond Ford set to defend his WBA title

Raymond Ford is scheduled to defend his World Boxing Association...

Jekumbayev retains WBA North America belt over Redkach 

Jekumbayev retains WBA North America belt over Redkach 

Batirzhan Jekumbayev defended his World Boxing Association (WBA) Continental North...

HEAVYWEIGHT TOP TEN

HEAVYWEIGHT TOP TEN

The opinion we are about to express here may seem...