Philippines, 02 Jul 2025
  Home >> News

 


BOXERS

CURRENT CHAMPIONS 

FORMER CHAMPIONS   

RATINGS                       

NEWS           

FORUM        

FIGHT GALLERIES        

RING CARD GIRLS        


 
 
News  


IBO CHAMP REY LORETO FILES COMPLAINT OVER UNPAID PURSE


PhilBoxing.com




International Boxing Organization (IBO) world junior flyweight champion Rey Loreto has filed a formal complaint with the Philippines Games and Amusements Board (GAB) against a South African boxing promoter who failed to pay his prize money amounting to $42,000, roughly P2-M.

Loreto, 23, filed the complaint exactly 17 days after he knocked out South African challenger Nkosinathi Joyi in East London, South Africa in the first round to successfully defend his title on March 24.

It was Loreto's first defense of the title he won in February last year by a 3rd round knockout of Joyi in Monaco.

South African boxing promoter Siphatho Handi, who is also the manager of Joyi, failed to remit the amount of $45,000 representing Loreto's purse and that of another Filipino boxer, Jetly Purisima, who fought in the undercard of the championship bout but lost a 10-round bout by decision.

Games and Amusements Board (GAB) Chairman Juan Ramon Guanzon, reacting to the complaint filed by Loreto, said the Commission will immediately communicate with its South African counterpart, Boxing South Africa, and the IBO to resolve the problem.

Handi, shortly before the weigh-in on March 23, informed me, as chief executive officer of Sonshine Sports Management which is Loreto's contractual promoter, that the financial support of the Eastern Cape Government for his boxing promotion was delayed but promised that the money would be ready by March 25.

When informed by Handi of the development, I immediately asked Loreto and his trainer, Joven Jorda, and boxer Purisima to be present during a meeting called by the South African promoter.

Present during the meeting were Handi, IBO supervisor Len Hunt, Boxing South Africa supervisor Phakamile Jacobs, the representative of the Eastern Cape Government, Loreto, Jorda, Purisima and myself.

After receiving assurances from the promoter, the BSA supervisor, the IBO representative and the Eastern Cape government representative that the purse would be paid after the fight, I asked Loreto and Purisima, if they were willing to fight even without the purse being paid before the fight.

When the boxers agreed to fight, I asked the promoter to prepare a promissory note that the purse would be transferred to my Philippine bank account on March 25.

When the money was not transferred on March 25, Handi sent an email message addressed to me, IBO President Ed Levine and IBO supervisor Len Hunt that the money from the Eastern Cape government was delayed and that the new transfer date was April 7.

Sensing that Handi could not live up to his commitment, I immediately sought the help of some South African boxing men to find South African lawyers to protect the interests of the Filipino boxers.

A South African law firm, Stan Fanaroff and Associates, has agreed to represent the boxers and their managers and promoters.

Submitted to the law firm were the fight contracts signed by Loreto and his manager, Brico Santig, and Purisima, who I represented, with Handi, and the promissory note signed by Handi.

Photo: South African boxing promoter Siphatho Handi stands between Loreto and Joyi after the weigh-in in East London, South Africa March 23.


Click here to view a list of other articles written by Manny Piñol.


Recent PhilBoxing.com In-House articles:

  • Team USA Earns Three Wins on Day Two of World Boxing Cup: Astana 2025
    , Wed, 02 Jul 2025
  • Women's Boxing Champion Signs with Combate Global, Still Aims For WBC Absolute Gold
    , Wed, 02 Jul 2025
  • Sanman Boxing Presents Hard-Hitting Prospect Abubakar Yanon Set to Challenge for Philippine Boxing Federation Flyweight Title in Malungon, Sarangani Province
    , Wed, 02 Jul 2025
  • Boxing Returns to Tropicana Atlantic City, July 25
    , Wed, 02 Jul 2025
  • THE PAST WEEK IN ACTION 30 June 2025: Zurdo Outpoints Dorticos, Keeps WBA/WBO Cruiser Titles; Mbilli Stops Sulecki in 1; Wins by Kuroki, Wilder and Jake Paul
    By Eric Armit, , Tue, 01 Jul 2025
  • IIEE Titans secured Finals in BPBL, IIEE Chessmasters retain on top level in Bundesliga
    By Marlon Bernardino, , Tue, 01 Jul 2025
  • MARIO BARRIOS LAS VEGAS MEDIA WORKOUT QUOTES
    , Tue, 01 Jul 2025
  • CATTERALL AND EUBANK LAY THEIR 'CARDS ON THE TABLE' AHEAD OF MANCHESTER SHOWDOWN
    , Tue, 01 Jul 2025
  • Dumadag holds chess tourney
    By Marlon Bernardino, , Tue, 01 Jul 2025
  • Manny Pacquiao's Case for the Greatest of All Time
    By Ace Freeman, , Mon, 30 Jun 2025
  • DavNor Adventure Race 2025 set July 2
    By Lito delos Reyes, , Mon, 30 Jun 2025
  • Gumila rules Antipolo rapid chess tilt
    By Marlon Bernardino, , Mon, 30 Jun 2025
  • FULL CIRCLE AT WILD CARD: Jhay Otamias’ Tribute to a Fighter and a Fanbase
    By Emmanuel Rivera, RRT, , Mon, 30 Jun 2025
  • Vince Paras Wins by 4th Round KO Over Sarawut Thawornkham to Capture the IBF Pan Pacific Super Flyweight Title
    , Mon, 30 Jun 2025
  • Team USA's Quest for Gold Set in Stone at World Boxing Cup: Astana 2025
    , Mon, 30 Jun 2025
  • SBA SEASON 2 DRAFT UNVEILS RISING STARS AND STRATEGIC MOVES AS TEAMS COMPLETE THEIR ROSTERS
    By Marlon Bernardino, , Mon, 30 Jun 2025
  • Filipino Elwin Retanal wins Saudi rapid chess meet
    By Marlon Bernardino, , Mon, 30 Jun 2025
  • Jake Paul Earns Boxing Legitimacy with Dominant Decision Over Julio Cesar Chávez Jr.
    By Dong Secuya, , Sun, 29 Jun 2025
  • Zurdo Ramirez Defends Cruiserweight Crowns with Unanimous Decision Over Dorticos
    By Dong Secuya, , Sun, 29 Jun 2025
  • Vince Paras Faces Sarawut Thawornkham Today at Venue 88 in Gensan
    , Sun, 29 Jun 2025
  • USA Elite High Performance Team Sets Sights on Gold at World Boxing Cup: Astana 2025
    , Sun, 29 Jun 2025
  • Alekhine Nouri bags silver in blitz
    By Marlon Bernardino, , Sun, 29 Jun 2025
  • Paul vs. Chavez Jr: Can Julio Derail Jake Paul?
    By Chris Carlson, , Sat, 28 Jun 2025
  • Dr. KO: Christian Mbilli Stops Maciej Sulecki in 1
    , Sat, 28 Jun 2025
  • GOLDEN BOY SIGNS UNDEFEATED MIDDLEWEIGHT BLUE-CHIP PROSPECT AMARI JONES
    , Sat, 28 Jun 2025




  •  



     
    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
    © 2025 philboxing.com.