Philippines, 02 May 2024
  Home >> News

 


BOXERS

CURRENT CHAMPIONS 

FORMER CHAMPIONS   

RATINGS                       

NEWS           

FORUM        

FIGHT GALLERIES        

RING CARD GIRLS        


 
 
News  


PENALOSA PURSE BID DEADLINE JANUARY 12


PhilBoxing.com




The World Boxing Organization has set January 12 as the deadline for submission of the Purse Bid for the mandatory title defense of bantamweight champion Gerry Penalosa against former WBA flyweight champion Erik Morel.

WBO Championship Committee chairman Luis Batista-Salas says the ?minimum acceptable bid? for the bantamweight title is $100,000 and the bidding process will be supervised by WBO president Francisco ?Paco? Valcarcel who is, like Morel, a Puerto Rican.

The purse bid is open to all bona fide promoters recognized by the WBO and registered with the organization.

Under WBO rules the defending champion who is Penalosa will received 75 percent share of the winning bid while Morel will get 25 percent should the title defense be held in the Philippines.

However, if the winning promoter stages the title fight outside the Philippines, Penalosa will be entitled to 80 percent of the winning bid while Morel will be entitled to 20 percent.

www.insidesports.ph, Standard Today and Viva Sports understands that the Morel camp had complained about the failure of Penalosa?s handlers to respond to negotiations which if the two sides had come to terms would not have forced the WBO to call for a purse bid.

However, Penalosa?s reported request for his release from Golden Boy Promotions had apparently upset GBP CEO Richard Schaefer who expressed willingness to release him but only at a price since Golden Boy had secure two world title fights for Penalosa against WBO super bantamweight champion Daniel Ponce De Leon and bantamweight champion Jhonny Gonzalez from whom the veteran Filipino won the title in Augist 2007 with a sensational one-punch knockout in the seventh round.

Because of Penalosa?s release request Golden Boy Promotions reportedly cooled off on the negotiations with Morel?s camp.

Boxing correspondent Lee Bates reported on Fight News recently that according to the Morel camp ?the champion?s team has not been very cooperative in putting the fight together? claiming that they had ?made several attempts to contact Penalosa?s team without any success.

Bates quoted Morel?s people as saying ?It really shouldn?t even come down to this as we?ve been very professional about the negotiations and have made a fair offer. We only want Penalosa to do the right thing and honor his mandatory title defense against Morel.?

Penalosa has never backed off from his obligation for a mandatory title defense but had been hoping to get approval for a tune-up fight in January or early February which, it appears, the WBO won?t approve.

Penalosa?s last fight was his first title defense against Thailand?s former world champion Ratanachai Sor Vorapin which he won by an 8th round TKO on April 6 , 2008.


Click here to view a list of other articles written by Ronnie Nathanielsz.


Recent PhilBoxing.com In-House articles:

  • Nattapong Jankaew Prepares for Career-Defining Match Against Former Unified World Champion Marlon Tapales in WBC Regional Title Showdown
    , Thu, 02 May 2024
  • Boston Routs Miami Anew, 118-84 to End Series at 4-1; Dallas Demolishes LA Clippers, Moves Ahead 3-2
    By Teodoro Medina Reynoso, , Thu, 02 May 2024
  • GOLDEN BOY STATEMENT ON RYAN GARCIA'S POSITIVE TEST FOR BANNED SUBSTANCE
    , Thu, 02 May 2024
  • LORENZ DUMAM-AG STOPS RAMEL MACADO JR IN FIRST ROUND IN BATTLE OF UNDEFEATED (VIDEO)
    By Dong Secuya, , Thu, 02 May 2024
  • Croft wins by UD
    By Lito delos Reyes, , Thu, 02 May 2024
  • Top Rank Presents Undisputed Junior Featherweight Championship: Naoya Inoue vs. Luis Nery
    , Thu, 02 May 2024
  • HAMZA UDDIN READY TO SHINE IN BIRMINGHAM: 'YOU HAVEN’T SEEN ANYTHING YET'
    , Thu, 02 May 2024
  • Heavyweight Quintin Sumpter Embraces the Spoiler’s Role
    , Thu, 02 May 2024
  • NM Jasper Faeldonia rules IIEE chess tourney
    By Marlon Bernardino, , Thu, 02 May 2024
  • NTB Wolves post its 3rd win
    By Lito delos Reyes, , Thu, 02 May 2024
  • VIC SALUDAR FINISHES OFF SANCHAI YOTBOON IN 30 SECONDS (VIDEO)
    By Dong Secuya, , Thu, 02 May 2024
  • Bryce Mills Returns to the Ring June 7 During 2024 International Boxing Hall of Fame Induction Weekend
    , Thu, 02 May 2024
  • Saludar KOs Thai foe in 37 seconds; Dumam-ag drops Macado three times en route to a 1st round stoppage
    By Lito delos Reyes, , Wed, 01 May 2024
  • REGIE SUGANOB DEFENDS WBO GLOBAL LIGHT FLYWEIGHT TITLE BY TKO OVER KAI ISHIZAWA
    By Maloney L. Samaco, , Wed, 01 May 2024
  • West Top Three Seeds Have Advanced to Next Round, None Yet From East as Sixers, Bucks Beat NY, Indiana
    By Teodoro Medina Reynoso, , Wed, 01 May 2024
  • Muhsin Cason Remains Undefeated with Stunning First Round Knockout
    , Wed, 01 May 2024
  • Pinoys who shone in UK rings
    By Joaquin Henson, , Wed, 01 May 2024
  • Undefeated Brooklyn Heavyweight Prospect Pryce Taylor looking forward to fighting in Atlantic City on May 11th
    , Wed, 01 May 2024
  • Panamanian Harmodio Cedeño honored for over 60 years in boxing world
    By Gabriel F. Cordero, , Wed, 01 May 2024
  • Boxing Powerhouse Top Rank Launches 24/7 Channel Top Rank Classics on Pluto TV
    , Wed, 01 May 2024
  • The Past Week in Action 29 April 2024: Ramirez Outpoints Barthelemy; Ortiz Stops Dulorme in 1; Alaniz Defeats Esparza to win WBA/WBC/WBO Titles
    By Eric Armit, , Tue, 30 Apr 2024
  • Saludar ready to fight Yotboon
    By Lito delos Reyes, , Tue, 30 Apr 2024
  • White Heat: Boston Whips Miami; Denver, OKC Thunder End Series
    By Teodoro Medina Reynoso, , Tue, 30 Apr 2024
  • Hopefuls Above 122 Lbs.; Elephant in the Room
    By Teodoro Medina Reynoso, , Tue, 30 Apr 2024
  • PAUL vs TYSON will be sanctioned as a regular professional fight in Texas
    By Gabriel F. Cordero, , Tue, 30 Apr 2024




  •  



     
    PhilBoxing.com has been created to support every aspiring
    Filipino boxer and the Philippine boxing scene in general.
    Please send comments to feedback@philboxing.com


    PRIVATE POLICY | LEGAL DISCLAIMER
    developed and maintained by dong secuya
    © 2024 philboxing.com.