Frank Warren is the winning bidder in the purse bid for the IBF featherweight title fight between defending champ Josh Warrington (28-0-0) and mandatory challenger Kid Galahad (26-0-0).
Frank Warren has won the purse bid to promote Josh Warrington vs Kid Galahad in a defence of Warrington's IBF featherweight world title. They will confirm a date and venue in due course. #WarringtonGalahad 🇬🇧 pic.twitter.com/NHHkv5NUCq
— BOXING CORNER 2️⃣4️⃣/7️⃣ (@boxingcorner247) February 5, 2019
The International Boxing Federation ordered the fight between the two brits. Warren, who’s representing champ, and Eddie Hearn, the promoter of Galahad, couldn’t negotiate the fight and therefore there was a bid.
Both promoters put up huge numbers, but Warren managed to secure bragging rights. His bid was $1.67 million which was 15% higher than the $1.444 million offered by Hearn.
Frank Warren when he heard Taylor v Postol on Channel 5 is sheduled on the same night as Saunders v Murray. pic.twitter.com/MZ8phWh4Ea
— Capitano (@_JamaicaJamaica) April 26, 2018
Due to the new rules that IBF implemented earlier this year, the purse will be split in 65/35 in favor of Warrington, and not the usual 75/25 in favor of the champion.
‘The Leeds Warrior’ will earn $1,085,500, while Galahad will collect a check for $584,500.
The two parties have been given 15 days to arrange all the details around the fight and 90 days for the fight (to take place).