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A purse bid was held on Monday at WBO Headquarters in San Juan, Puerto Rico for the mandatory lightweight clash between super champion Juan Diaz and interim champion Michael Katsidis. The right to promote the bout was won by the sole bidder Golden Boy Promotions, which bid $1,500,000. The proposed site for the contest is Houston, TX with the stated tentative date the weekend of January 26. The split will be 80/20 ($1,200,000.00 for Diaz and $300,000.00 for Katsidis. The parties must have their contracts signed in ten days from the date of the Purse Bid. If Juan Diaz fails to comply with the purse bid commitment by not signing the contract, Katsidis would immediately become the champion. If Katsidis fails to sign, then Diaz would have up to 18 Months to comply with his mandatory obligation.
Looks like Diaz will be home for this fight and hes getting all the money.
Looks like Diaz will be home for this fight and hes getting all the money.