Veteran boxing reporter Dan Rafael reported Wednesday that Haney’s facet has accomplished its portion of the settlement. The WBO purse bid remains to be scheduled for Thursday as a result of Prime Rank and Davis have but to bridge the monetary hole.
WBO Championship Committee chairman Gustavo Olivieri confirmed the bidding will start July 30 at 11:00 a.m. AST from the group’s headquarters in San Juan, Puerto Rico. The minimal bid is $200,000. Haney, as champion, is entitled to 75 p.c of the profitable bid, whereas Davis will obtain 25 p.c.
The larger query is whether or not Davis is pricing himself out of the struggle. Rafael’s report identifies the remaining impediment because the hole between Prime Rank’s provide and Davis’ asking value, however the WBO purse cut up magnifies the monetary problem if Davis is in search of considerably greater than $3 million.
A $3 million payday for Davis requires a $12 million profitable bid, leaving $9 million for Haney. Elevating Davis’s share to $4 million pushes the full bid to $16 million, with Haney receiving $12 million. A $5 million demand would require a $20 million bid, allocating $15 million to Haney and $5 million to Davis.
These figures clarify why the negotiations stay unresolved. Each extra $1 million Davis seeks will increase the full profitable bid by $4 million as a result of he receives solely 25 p.c of the purse. As Thursday’s bidding approaches, the central query is not whether or not Haney needs the struggle. It’s whether or not Davis’ asking value leaves any promoter prepared to pay what it takes to make the bout occur.
