Top Rank Claim Beterbiev-Meng Purse Bid
Following an initial purse bid from Roc Nation Sports, it seemed that Artur Beterbiev was going to get the short end of the stick in his next title defense.
Beterbiev, who is set to defend his IBF light heavyweight title early this year against Fanlong Meng, has been saved by his promoter Top Rank, who gained the promotional rights on Thursday.
First reported by Nancy Audet of TVA Sports, Rejoy Group nad LongJoy Sports, who were represented by Meng’s stateside promoter Roc Nation Sports, defaulted on payment for a $1.9 million bid for the fight set for this coming spring.
The terms of the bid set by the IBF called for a non-refundable 10% of the total purse amount at the time of the bid, with another 10% submitted no more than five business days after the bid was won. The second deposit was not delivered at or past the deadline, which now hands the rights to Top Rank by default, who submitted a bid of $1.315 million on December 30th.
The fight, which if Meng’s team retained the rights may have happened in China, will now most likely take place in Quebec City or Montreal, Quebec, Canada, where Beterbiev trains. If the fight were to take place in China, it could have been problematic for Beterbiev, a devout Muslim, as China is alleged to have detained over one million Muslims in the Xinjiang province.