PURSE BID MINUTES
Purse Bid Minutes
WBO FEMALE BANTAMWEIGHT PURSE BID
SABRINA PEREZ vs. AMANDA SERRANO
The Purse Bid was originally convened for March 30, 2017 at 11:00 am, but later postponed until April 3rd 2017 to be held at:
1056 Muñoz Rivera Avenue, Suite 711
San Juan, PR 00927-5013
Purse Bid Attendees:
- Manuel Marrero Hueca, Administrative Advisor, presiding
- Fernando Gaztambide representing Dibella Entertainment and Amanda Serrano
- Doris Companys, WBO Executive Coordinator
The Purse Bid Notice was issued on March 27th for the date of March 30th to all Bona-Fide Promoters. After the postponement, it was held on April 3rd. The Purse Bid officially began at 11:10 am waiting for the arrival of the representatives of Sabrina Perez, but as no one arrived, the Purse Bid began without their presence.
Mr. Marrero Hueca greeted Mr. Gaztambide.
Mr. Gaztambide, representing Dibella Entertainment and Amanda Serrano, handed Mr. Marrero Hueca his first envelope, thus initiating the Purse Bid. The envelope contained a check in the amount of $1,000.00 (One Thousand) Dollars for the Purse Bid Service Fee and the proof they are a bona fide licensed WBO Promoter.
Mr. Marrero Hueca stated for the record that Dibella Entertainment is a bona fide promoter.
As Sabrina Perez had no one representing her, Mr. Marrero Hueca then opened the second envelope belonging to Dibella Entertainment that contained a check in the amount $1,500.02 (One Thousand Five Hundred Dollars and Two Cents), representing 10% of the Purse Bid Amount of $15,000.20 (Fifteen Thousand Dollars and Twenty Cents).
The proposed site for the bout is the Barclay’s Center in Brooklyn, New York on the proposed date of May 27th 2017.
The Bid was awarded to Dibella Entertainment.
Mr. Marrero Hueca restated for Mr. Gaztambide, winner of the Purse Bid, about Section 11.2.4 of the WBO Regulations for World Championship Contests that states, “…the date of the fight shall not be later than ninety (90) days or earlier than forty-five (45) days from the date of the Purse Bid…”
WBO Championship Committee granted a special recognition for Amanda Serrano due to her International Recognition. The Purse Division is as follows:
65% for Amanda Serrano
35% for Sabrina Perez
Finally, the contract must be signed within forty-eight (48) hours.
Mr. Marrero Hueca then congratulated the winner, Dibella Entertainment, and thanked Mr. Gaztambide for his participation.
The Purse Bid ended at 11:30 am.