https://www.ringtv.com/549581-world...ancellation-some-fighters-still-await-purses/
The World Boxing Super Series, the ambitious single-elimination tournament, is in serious jeopardy of discontinuing before the second season is complete, multiple industry sources told The Ring.
There’s been growing turmoil behind the scenes between the shareholders banking the tourney. At the heart of the issue: some investors have funded more than their promised share; others haven’t met their due.
The semifinals are slated for February and March, and the matchups are set, but as of now, there’s been no sites secured for any of the six bouts; no dates, either. There’s growing concern among organizers and promoters involved that the second round of the tournament won’t occur at all.
Several fighters are still waiting for their purses to be paid out from their quarterfinal bouts, according to sources. The first round of Season 2 completed in October. Boxers are typically handed a paycheck the day of the fight.
The World Boxing Super Series contract requires participants to submit invoices, an unusual practice. The contract stipulates that fighters receive payment within five business days of invoice submission; in some cases, that promise has been met.
Other boxers — and their promoters/managers — have yet to be paid at all weeks later. In all, there’s 24 boxers who entered Season 2, which features cruiserweights, bantamweights and junior welterweights. Twelve fighters now remain.
The World Boxing Super Series, the ambitious single-elimination tournament, is in serious jeopardy of discontinuing before the second season is complete, multiple industry sources told The Ring.
There’s been growing turmoil behind the scenes between the shareholders banking the tourney. At the heart of the issue: some investors have funded more than their promised share; others haven’t met their due.
The semifinals are slated for February and March, and the matchups are set, but as of now, there’s been no sites secured for any of the six bouts; no dates, either. There’s growing concern among organizers and promoters involved that the second round of the tournament won’t occur at all.
Several fighters are still waiting for their purses to be paid out from their quarterfinal bouts, according to sources. The first round of Season 2 completed in October. Boxers are typically handed a paycheck the day of the fight.
The World Boxing Super Series contract requires participants to submit invoices, an unusual practice. The contract stipulates that fighters receive payment within five business days of invoice submission; in some cases, that promise has been met.
Other boxers — and their promoters/managers — have yet to be paid at all weeks later. In all, there’s 24 boxers who entered Season 2, which features cruiserweights, bantamweights and junior welterweights. Twelve fighters now remain.
