What are purse bids in boxing? Tyson Fury vs Dillian Whyte and Anthony Joshua vs Oleksandr Usyk row explained
Fury vs Whyte and Joshua vs Usyk still very much undecided as purse bids loom
With two bouts expected to take place in the next few months, the heavyweight division is currently in a state of confusion and commotion.
Last September, there was one match that all British boxing fans had been waiting for in great anticipation.
Joshua was then set to face his WBO mandatory challenger, Oleksandr Usyk.
Fury was triumphant in his trilogy, while Joshua was not. The challenge appeared too much for Joshua and the all British bout was pushed back as the contractually-agreed rematch clause was immediately triggered by Joshua and his promoter, Eddie Hearn.
While Joshua prepares to take on his Ukrainian rival, Fury has not been set with the task of taking on a different British competition in Dillian Whyte.
However, despite all this apparent clarity, nothing has been confirmed with no matches officially scheduled and the heavyweight landscape could still turn in any direction.
The WBC had set a deadline of 6pm GMT on Wednesday 26 January 2022 for Fury and Whyte to make their final negotiations but a further 48 hours was given to freely negotiate before any purse bids are made.
This is now the fourth time the deadline has been pushed back.
Here is all you need to know about what is likely to happen and what a purse bid is…
What is a purse bid?
A purse bid would allow any promoter to enter the talks and finance the fight. Importantly, a purse bid would only be needed if fight terms cannot be agreed between the two camps.
Fury is promoted by Frank Warren, Queensbury, and Bob Arum, Top Rank while Dillian Whyte is promoted by Matchroom’s Eddie Hearn.
If the two sides can agree to a fight, there will be no need for the purse bids. If they cannot, the promoter who bids the highest will win, with that figure then divided by the purse split - determining the share each bozer will earn from the fight.
Why is Fury vs Whyte becoming so difficult to negotiate?
The main issue that seems to be causing the chaos is money. The WBC’s rules state that a mandatory challenger will be granted 45% of a purse split, though they can use their discretion to change that percentage.
In the case of Fury vs Whyte, Whyte appears to be granted only 20%.
Whyte has not been in a fight with the WBC just because of the split but he has also stated his unhappiness with how long it has taken him to receive a world title shot.
His promoter, Hearn, insisted that an 80/20 split was ridiculous, and while indicating a fight between the pair looks likely, he also insisted that Whyte would get a fair cut.
Would Fury fight Oleksandr Usyk?
It had been a possibility that Fury would fight Usyk if Anthony Joshua were to step aside. The Telegraph reported earlier this week that Joshua would be willing to accept a £15m step-aside which would allow Fury and Usyk to fight for the WBC, WBA, WBO and IBF titles but Joshua has swiftly shut down these rumours.
Speaking on social media, Joshua said: “I’m hearing people say ‘AJ accepts £15m to step aside’. I haven’t signed a contract, I haven’t seen a contract. So as it stands, stop listening until it comes from me.
“I’m the man in control of my destiny.”
Another contributing factor is time. If Fury and Usyk were to fight each other, they would have to agree to the terms before the WBC call for purse bids in finalising Fury vs Whyte.
As it looks now, Joshua and Usyk will fight in Spring while fans await to hear what becomes of Fury vs Whyte.
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