Do you mean to tell me that no one wanted to bid at least $1M for the rights to promote Shannon Briggs vs Fres Oquendo?! Well, imagine that...
Yesterday’s purse bid for the Briggs-Oquendo vacant WBA title fight saw only a maximum bid of $400,000, with Henry Rivalata of The Heavyweight Factory being the only one in attendance. Unfortunately that bid did not meet the appropriate threshold per WBA regulations, and as such the process was ruled invalid and a second purse bid will be rescheduled February 23rd.
WBA rules state that the minimum required bid for a heavyweight fight is $1M and with the top bid falling well short of that threshold, a second purse bid will be held at WBA headquarters in Panama City next week.
Whether or not any promoter decides to pony up the dough it’s going to take to win the rights to the fight, or even bother showing up at all, remains to be seen. I’d imagine the indication from the first bid is that Briggs-Oquendo isn’t much of a hot ticket — no matter how well Briggs has been selling himself lately.