Purse bids happen if the promoters can't reach a deal after a fight has been ordered - for whatever title.

The champion will be entitled to the superior cut.

So in this case (Blackwell-Jr) - Frank Warren bid £150,000, Matchroom £200,000 and Fat Mick £250,000. Therefore Mick has the rights to stage the show.

Matchroom clearly didn't want to go the Blackwell route unless they're in control, but weren't expecting the Eubanks to bin them off either. Hence the fall out. Purse bids are lost all the time by the A-side, the fights then get pulled, but these nutter Eubanks said we're doing it, taking themselves off SKY and seriously pissing off old Barry.