Due to the failure to reach a deal within the 30-day negotiation deadline, the IBF has arranged a purse bid hearing for the vacant bantamweight title fight between Emmanuel Rodriguez and Melvin Lopez.
Naoya Inoue, the former undisputed bantamweight champion, vacated all four of his titles on January 13th, 2023, after unifying the division in a knockout victory over Paul Butler.
But the failure to come to an agreement has now meant that a hearing is set to take place on April 18th, 2023.
The IBF has ordered Emmanuel Rodriguez to fight Melvin Lopez for its vacant bantamweight title. Vincent Astrolabio, the number one contender, will instead pursue a WBO title fight with Jason Moloney
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According to the IBF, a deposit of ten percent of the winning bid is mandatory during the purse bid hearing. Moreover, another ten percent has to be paid to the sanctioning body within five business days post the procedure.
To participate in the bid, all individuals must have paid their yearly registration fee five days before the purse bid and a non-refundable fee of $5,000.
Juan Orengo’s Fresh Productions represents Rodriguez, while William Ramirez took over Lopez’s interests.
“On February 28, 2023 the IBF ordered Emmanuel Rodriguez and Melvin Lopez to begin negotiations for the vacant IBF Bantamweight Title.
“An agreement could not be reached and on April 4, 2023, Mr. Sean Gibbons, representing Melvin Lopez, requested an immediate purse bid.
“The IBF is ordering a Purse Bid in these offices on Tuesday, April 18, 2023, at 12:00 PM EST. Bids must be submitted at 11:45 AM EST to be promptly opened at 12:00 PM,” said IBF president Daryl Peoples.