Philippines, 11 Oct 2024
  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:

  • World Boxing agrees to delegate adjudication on all anti-doping violations to the Anti-Doping Division of the Court of Arbitration for Sport (CAS AAD)
    , Fri, 11 Oct 2024
  • Top Rank Presents Undisputed Light Heavyweight Title Showdown: Artur Beterbiev vs. Dmitry Bivol
    , Thu, 10 Oct 2024
  • THE MIGHTY ALEXIS “LEX” ROCHA AND THE UNDEFEATED RAUL “EL CUGAR” CURIEL COLLIDE IN WELTERWEIGHT MAIN EVENT SCHEDULED FOR SATURDAY, DEC. 14
    , Thu, 10 Oct 2024
  • What Profits JR Casimero Fighting Saul Sanchez?
    By Teodoro Medina Reynoso, , Thu, 10 Oct 2024
  • Camp Get Right Boxing Gym continuing Worcester’s rich boxing history
    , Thu, 10 Oct 2024
  • PYCC at DNSC in Panabo
    By Lito delos Reyes, , Thu, 10 Oct 2024
  • Geraldo-Ponteras in rematch on Oct. 14
    By Lito delos Reyes, , Thu, 10 Oct 2024
  • MANSION SPORTS HANOI OPEN | VAN BOENING EYES FOR HIS FIRST HANOI OPEN TITLE
    , Thu, 10 Oct 2024
  • Reynaldo Gempero Jr. rules Davao Open chess tilt
    By Marlon Bernardino, , Wed, 09 Oct 2024
  • Fresh Productions presents ‘Taínos Vs. Aztecas’ on November 9 in Bayamón: the return of Subriel Matías!
    , Wed, 09 Oct 2024
  • Robert Guerrero III Remains Undefeated with Second-Round Knockout in San Antonio
    , Wed, 09 Oct 2024
  • Training Camp Notes – Undefeated Featherweight Carlos Delon Castro Ready for Puerto Rican Debut
    , Wed, 09 Oct 2024
  • PFF supports Football Starts at Home
    By Lito delos Reyes, , Wed, 09 Oct 2024
  • Catterall Out For Affirmation, Prograis Seeking Redemption
    By Teodoro Medina Reynoso, , Wed, 09 Oct 2024
  • Bivol vs Beterbiev: Fight Analysis
    By Ralph Rimpell, , Tue, 08 Oct 2024
  • Kingsley Ibeh vs. Jack May Battle for WBC Latino Silver Heavyweight title
    , Tue, 08 Oct 2024
  • The Past Week in Action 7 October 2024: Alimkhanuly Stops Mikhailovich in Sydney; Ball Halts Rios in Liverpool
    By Eric Armit, , Tue, 08 Oct 2024
  • Joepher "El Gwapito" Montaño Drops, Stops Shiva, Becomes The New UBO Titlist in Highland Show in Thailand
    By Carlos Costa, , Tue, 08 Oct 2024
  • November 8: Troy Isley-Tyler Howard Middleweight Showdown Elevated to Davis-Lemos Co-Feature at Norfolk’s Scope Arena LIVE on ESPN+
    , Tue, 08 Oct 2024
  • FLOYD “KID AUSTIN” SCHOFIELD TO MAKE GRAND RETURN TO THE RING IN HEADLINING EVENT AGAINST RENE “EL BRAVO” TELLEZ GIRÓN
    , Tue, 08 Oct 2024
  • Alessio Bisutti Claims UBO Continental Heavyweight Belt
    By Carlos Costa, , Tue, 08 Oct 2024
  • IBF Bantamweight World Champion Miyo Yoshida to have 4-time World Champion Jorge Linares in her corner
    , Tue, 08 Oct 2024
  • Kinsley Ibeh vs. Jack May Battle for WBC Latino Silver Heavyweight title
    , Tue, 08 Oct 2024
  • Montano stops Thakran in 5th round for claim UBO Continental welterweight title
    By Lito delos Reyes, , Mon, 07 Oct 2024
  • Alberca loses by 4th round KO
    By Lito delos Reyes, , Mon, 07 Oct 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.