Boxing News

$23 million purse bid for Klitschko-Povetkin

By Gabriel F. Cordero

A $23,233,330 purse bid was offered by Hryunov Promotions to host the Klitschko-Povetkin WBA heavyweight championship fight. That bid more than tripled the bid from Klitschko’s promoter K2, who bid $7,130,000, while Povetkin’s promoter Sauerland Event bid $6,014,444. The fight is slated for August 31 in Moscow, Berlin or Las Vegas.

Vlad Hryunov is the manager of Alexander Povetkin. Klitschko will receive 75% and Povetkin takes 25%.

The purse bid took place Tuesday at WBA headquearters in Panama City.

Both Klitschko and Povetkin must still win their scheduled voluntary title defenses. Klitschko faces meets Francesco Pianeta on May 4th and Povetkin faces Andrzej Wawrzyk on May 17.

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