MANILA, Philippines – WBO Bantamweight World Champion John Riel Casimero will pocket more than $ 75,000 in his next defense against mandatory challenger Paul Butler, according to a report from BoxingScene.com.
The upstart promotional team Probellum won the OMB bidding hearing held on Friday with the company’s submission of $ 105,000, $ 5,000 more than the $ 100,000 minimum requirement, becoming the only entry in the process.
Probellum aims to maintain Casimero’s title defense on December 11 in Dubai, United Arab Emirates or Liverpool, England.
Casimero (31-4), as champion, is entitled to 75 percent of the purse, guaranteeing him a total of $ 78,750, while Butler (33-2) will pocket the remainder or $ 26,250 as a mandatory challenger.
The OMB held the tender after Tom Brown of TGB Promotions, who represents Casimero, and Lee Eaton of MTK Global, who is acting for Butler, were unable to reach an agreement.
The fight was originally ordered for September 22, but Eaton requested that the fight go directly to bidding.
Additionally, Casimero was supposed to fight WBC champion Nonito Donaire in August for a unification fight, but negotiations fell through after the former made defamatory remarks towards the latter’s wife and family.
Donaire also alleged that Casimero was not enrolled in the Voluntary Anti-Doping Association system.
Instead, Casimero defeated Guillermo Rigondeaux by split decision in his last defense of the WBO strap.
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