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Valuev-Chagaev to purse bid!

The World Championships Committee of the World Boxing Association has called for an April 13th purse bid for a heavyweight championship fight between WBA champion Nicolay Valuev and champion in recess Ruslan Chagaev. Minimum bid is $1 milllion. The purse disbursement will be 55% for Ruslan Chagaev and 45% for Nicolay Valuev. The bidding will take place at 6PM at the at European Boxing Association office in Vitoria, Spain, and be directed by Bartolome Torralba. The bid will be monitored by WBA executive vice president Gilberto Jesus Mendoza via internet video conference from Panama City, Panama.

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