... someone 'splain me, please??
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... someone 'splain me, please??
For mandatory defences, if an agreement cannot be made, promoters make a 'purse bid'. In other words they bid a sum of money for a fight, that is split between the two fighters to make up the 'purse' for each fighter.
Are purse bids important? And how does one make money from that investment?Quote:
Originally Posted by Britkid
The promoter who wins the purse bid gets to decide where the fights staged tooQuote:
Originally Posted by ykdadamajaAre purse bids important? And how does one make money from that investment?Quote:
Originally Posted by Britkid
They key is usually to win the bids and get home advantage.
King had a way of knowing exactly where to bid, which made me suspect he had some inside information.
Quote:
Originally Posted by Master
If you were a Promoter, you would be mad not to use your connections to gain any advantage.
So yes, DKP were exceptional at winning big fights with bids that won by 'merely' a few thousand Dollars.
I see... do they get a higher percentage of the gate revenues and the endorsements, or no?Quote:
Originally Posted by Bo-Bo24The promoter who wins the purse bid gets to decide where the fights staged tooQuote:
Originally Posted by ykdadamajaAre purse bids important? And how does one make money from that investment?Quote:
Originally Posted by Britkid
I am sure they get everything else after they pay the fighters.