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UPDATE: K2 wins purse bid

Klitschko-Povetkin headed to Germany

A purse bid was held in the IBF Office today for the IBF heavyweight championship mandatory defense between champion Wladimir Klitschko and Alexander Povetkin. K2 Promotions bid $ 8,313,000. Sauerland Events bid $ 4,250,001. K2 Promotions has 90 days to put this fight on.

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