WARRIORS PROMOTIONS WINS CONDES-RACHMAN PURSE BID

Warriors Boxing Promotions has won the purse bid for the IBF minimum weight mandatory title defense of Indonesian Muhammad Rachman against hard-hitting Filipino champion Florante Condes.

The chairman of the IBF ratings committee Lindsey Tucker Jr informed Viva Sports/Manila Standard Today that the winning bid of Warriors Boxing Promotions was $25,000. Under the accepted ratio of 75 percent for the champion and 25 percent for the challenger, Rachman will be entitled to a purse of $18,750 and Condes $6,250. Tucker said there was only one outfit that met the deadline for the purse bid set by the IBF.

Tucker said Warriors ?must provide IBF with the contracts, a date and site information within the next 15 days.? He also made it clear that the fight must take place within 90 days or by July 5. In response to a question from this reporter, Tucker said ?if the winning bidder wants to stage it outside Indonesia Rachman must go.?

The co-manager of Condes, Dante Ortiz said the results of the purse bid was ?a big surprise and a big mistake.? He did not elaborate.

Tucker said the IBF called a purse bid after the promoter of Condes, Bobby Bostick, Sampson Lewkowicz and the handlers of Rachman failed to come to terms after lengthy negotiations with Rachman?s camp demanding a ridiculously high purse of $75,000 to fight Condes in the US.

Rachman was planning on a unification bout against WBO champion Ivan Calderon but the IBF stepped in and directed the champion to first defend his title against the heavy-handed Condes who is 26 years old and has a record of 20 knockouts in 21 wins with 3 losses and 1 draw.

Rachmann is coming off a seventh round TKO victory over another Filipino Benjie Sorolla last December 23. Rachman won the title on September 14, 2004 with a split decision victory over Daniel Reyes in Jakarta. Rachman is 35 years old and has a record of 61-5-5 with 20 knockouts.

A devastating puncher, Condes won the Philippine minimum weight title on December 10, 2005 with a sixth round KO over Philip Parcon who was dropped in rounds four and six. Among his three losses was a split decision to Sorolla on May 1m 2005.