WBO JR. LIGHTWEIGHT PURSE BID MINUTES

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Purse Bid Minutes

WBO JR. LIGHTWEIGHT BOUT
ROMAN “ROCKY” MARTINEZ vs. MIGUEL BERCHELT

Purse Bid was convened for January 12, 2016 on 12:00 Noon at Madison Square Garden in New York City, NY, USA

Purse Bid Attendees:

  1. Representing Zanfer Promotions, a member of their staff, Mr. Aldo Barba
  2. Representing All Star Boxing, Inc, Mr. Felix Zabala
  3. Also present, Mr. Sean Gibbons, Orlando Salido’s Manager; and,
  4. Mr. Peter Rivera, PR Best Boxing DBA The Brothers Entertainment’s Vice-President

Prior to commencing the Purse Bid, Mr. Peter Rivera made note that a Complaint had been sent regarding the designation of Miguel Berchelt as Mandatory Challenger for Roman “Rocky” Martinez in the 130 pound division because such designation did not meet the requirements of WBO Regulations of World Championship Contests. He also stated that Roman Martinez had a contract with the Showtime Network for a match facing Orlando Salido on March 12, 2016.

The intention was to stop the Purse Bid.

President Francisco Valcarcel presided the Purse Bid and stated for the record that the designation of Miguel Berchelt as the 130 lbs. Mandatory Challenger had been made during the WBO Convention on October 29, 2015 in Orlando, Florida. Furthermore, he stated that Mr. Peter Rivera, representing Roman Martinez, as well as Mr. Sean Gibbons, representing Orlando Salido, had accepted the Mandatory Challenger designation and had pledged that the winner of the bout between Roman Martinez and Orlando Salido would face within 120 days of the bout the Mandatory Challenger, Miguel Berchelet.

That at the time, neither Mr. Rivera nor Mr. Gibbons, protested the appointment of Mr. Berchelet as Challenger.

That the Championship Committee voted and approved Mr. Peter Rivera’s request for a Martinez-Salido III bout and that the winner had to face the designated Mandatory Challenger, Miguel Berchelt, within 120 days.

President Valcarcel stated for the record that Mr. Peter Rivera did not have any commitment with the Showtime Network for a March 12, 2016 bout, nor had he had one for February 20, 2016.

Mr. Valcarcel added that both Sean Gibbons, Orlando Salido’s manager, as well as Promoter Fernando Beltran, had advised him that Peter Rivera had not offered them the necessary guarantees that Showtime Network had given PR Best Boxing DBA The Brothers Entertainment the March 12, 2016 date to hold the Martinez-Salido III bout. That Mr. Peter Rivera had not sent the P.R. Professional Boxing Commission any letter stating that they committed themselves to the WBO appointing the officials of the bout and that these could not be Puerto Rico officials.

For the reasons stated above, Attorney Francisco Valcarcel proceeded with the Purse Bid given that sufficient time had been allotted to finalize negotiations, without reaching the necessary conditions for the bout to take place.

Mr. Peter Rivera announced that he would not bid.

The Purse Bid proceeded in accordance with the conditions established therein by the WBO Championship Committee regarding the 10% deposit in a certified check or cash and that the balance amount had to be deposited by the Purse Bid winner no later than 15 days after the Purse Bid.

It was stated for the record that both parties gave proof that they were World Boxing Organization Bona Fide 2016 promoters.

All Star Boxing, Mr. Felix Zabala, handed Mr. Valcarcel his first envelope containing a certified check in the amount of $1,000 (One Thousand Dollars) to cover the Purse Bid Service Fee. Zanfer Promotions presented the first envelope that contained the cash amount of $1,000 (One Thousand Dollars) for the Purse Bid Service Fee.

All Star’s second envelope contained a certified check in the amount of $20,150 (Twenty Thousand One Hundred Fifty Dollars) corresponding to 10% of $201,500 (Two Hundred One Thousand Five Hundred Dollars) with their three proposed sites and dates.

Zanfer submitted a certified check in the amount of $25,100 (Twenty-Five Thousand One Hundred Dollars) corresponding 10% of the Purse Bid amount of $251,000 (Two Hundred Fifty-One Thousand Dollars) and proposed the following dates:

March 12th 2016 –Mexico
April 2nd 2016–Mexico
April 9th 2016–Las Vegas, Nevada, USA

Taking into consideration both proposals, the Purse Bid was awarded to Zanfer Promotions, who must deposit within the 15 days from the date of the Purse Bid, the amount of $225,900.00 (Two Hundred Twenty-Five Nine Hundred Dollars) on behalf of World Boxing Organization to be deposited into the “Escrow” account.

Zanfer shall submit within 10 days the fighters contracts and the fighter have 10 days to sign the same and then, the contracts must be sent to the World Boxing Organization.

If the conditions herein exposed are not met, the second bidder, All Star, is entitled to be awarded the Purse Bid, having met within five (5) days the deposit of balance stated in the Purse Bid.

The Purse Bid ended at 12:32 P.M.

Sabillo vs. Buitrago WBO Title Fight Heads To Dubai

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By Ronnie Nathanielsz –

Nicaragua’s undefeated Carlos Buitrago will face WBO minimumweight champion Merlito “Tiger” Sabillo in the Filipino’s second title defense planned for Dubai this October in a joint presentation of ALA Promotions and the giant broadcast network ABS-CBN.

WBO president Francisco “Paco” Valcarcel gave us the information at a dinner hosted for him, Championship Committee chairman Luis Batista Salas  and  Mexican promoter Felix “Tito” Zabala  by ABS-CBN’s Gabby Lopez at the Intercontinental Hotel Wednesday.

Buitrago is only 21 years old but has an impressive record, being unbeaten in 27 fights with 16 knockouts.

He won the Interim title with a twelve round unanimous decision over Julian Yedres who was also undefeated at that time with a record of 21-0 with 13 knockouts, on July 20 this year.

Buitrago had earlier scored a 6th round TKO over Colombia’s Jorlie Estrada who was knocked out in the 9th round by Sabillo at the plush Solaire Resort and Casino overlooking Manila Bay last July 13.

Buitrago had also beaten Eddy Castro of Nicaragua by a 2nd round TKO on May 6, 2011 and followed with a 5th round TKO exactly one year later. Castro is the same fighter who was knocked out in the second round by then minimum  weight champion Donnie Nietes in a title defense on August 30, 2008.

Sabillo who is a devastating puncher and an aggressive fighter has a record of  23-0 with 12 knockouts and was a former street fighter in Bacolod who moved to the famed ALA Gym at the age of 25. He is now 29.

http://www.boxingscene.com/sabillo-vs-buitrago-wbo-title-fight-heads-dubai–68210

WBO President Credits Filipino Champions For Japan Entry

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by Ronnie Nathanielsz

World Boxing Organization president Francisco “Paco” Valcarcel has credited Filipino world champions for helping get the WBO to be finally recognized in Japan.

In an overseas telephone conversation with the BoxingScene.com/Manila Standard, Valcarcel said “that with all the Filipinos fighting around the world it helped a lot because it wasn’t easy to enter Japan.”

Valcarcel cited Manny Pacquiao and WBO champions  Nonito “The Filipino Flash” Donaire, Donnie Nietes and Brian Viloria as well as “the support in Asia.”

He extended the WBO’s gratitude to businessman-sportsman and boxing promoter Akihiko Honda and Mexican promoter Felix “Tito “ Zabala for their help and disclosed that “they are very close to us and we worked like undercover” for the past five years.

He said now that the WBO can have world title fights in Japan there will be more opportunities for Japan to finally have WBO world champions because “its not easy for them in Mexico and the Philippines but now they can promote fighters like Nietes, (bantamweighty champion) Pyungluang Sor Singyu who will defend his title in Namibia and all the other big names.”

Valcarcel who will be in Macau for the blockbuster Top Rank promotion on April 6 said his first big plan is “to  work to have some Japanese fighters in Macao” and that he would meet with Japanese promoters today because they want to participate and can make good offers for champions to come here (to Japan) and fight.”

He also commended WBO Asia Pacific vice president Leon Panoncillo for his work in the region and revealed he was “shocked because everybody, especially the promoters, knew and liked Leon.”

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