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Thread: What's a "purse bid"...

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    Default What's a "purse bid"...

    ... someone 'splain me, please??
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    Default Re: What's a "purse bid"...

    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.
    "Boxing is like jazz. The better it is, the less people appreciate it."

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    Default Re: What's a "purse bid"...

    Quote Originally Posted by Britkid View Post
    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?
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    Default Re: What's a "purse bid"...

    Quote Originally Posted by ykdadamaja View Post
    Quote Originally Posted by Britkid View Post
    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?
    The promoter who wins the purse bid gets to decide where the fights staged too
    Excuse my spelling Hidden Content

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    Default Re: What's a "purse bid"...

    They key is usually to win the bids and get home advantage.

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    Default Re: What's a "purse bid"...

    King had a way of knowing exactly where to bid, which made me suspect he had some inside information.
    Do not let success go to your head and do not let failure get to your heart.

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    Default Re: What's a "purse bid"...

    Quote Originally Posted by Master View Post
    King had a way of knowing exactly where to bid, which made me suspect he had some inside information.


    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.
    "Boxing is like jazz. The better it is, the less people appreciate it."

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    Default Re: What's a "purse bid"...

    Quote Originally Posted by Bo-Bo24 View Post
    Quote Originally Posted by ykdadamaja View Post
    Quote Originally Posted by Britkid View Post
    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?
    The promoter who wins the purse bid gets to decide where the fights staged too
    I see... do they get a higher percentage of the gate revenues and the endorsements, or no?
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    Default Re: What's a "purse bid"...

    I am sure they get everything else after they pay the fighters.
    Do not let success go to your head and do not let failure get to your heart.

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