BoxRec

Posted: **22 Feb 2018, 16:22**

Like an unwanted sweet wrapper, George Groves dumps the trinket belt he won from Chris Eubank Jr.

George Groves has relinquished the IBO title –– just days after picking up the belt.
The Hammersmith fighter, who added the lightly-regarded trinket to his WBA Super world title at super-middleweight with a win over Chris Eubank Jr. last weekend, is understood to have refused to pay the sanctioning fee to the International Boxing Organisation in order to keep the belt.

What a kick in the nuts for Jr. He loses his belt, and Groves doesnet even deem it worth keeping.
I guess Jr can have a go at it again if it remains vacant

Posted: **22 Feb 2018, 16:33**

Mmm smell the pleather*

*The IBO describe it as synthetic leather.

Posted: **22 Feb 2018, 16:35**

How much would he have had to pay?

Posted: **22 Feb 2018, 16:36**

Well done George. A two-bit organisation, whose kind are pissing on boxing's credibility by flooding the market with pointless mickey mouse titles, being dismissed with appropriate contempt by a high profile champion of genuine importance.

Posted: **22 Feb 2018, 16:49**

East End wrote: ↑22 Feb 2018, 16:36 Well done George. A two-bit organisation, whose kind are pissing on boxing's credibility by flooding the market with pointless mickey mouse titles, being dismissed with appropriate contempt by a high profile champion of genuine importance.

The WBA have been nothing but asśholes over the last 15 years. Creating super and interim belts..

Posted: **22 Feb 2018, 16:50**

Horse wrote: ↑22 Feb 2018, 16:35 How much would he have had to pay?

3% of his purse

Posted: **22 Feb 2018, 16:50**

KiwiRider wrote: ↑22 Feb 2018, 16:33

Mmm smell the pleather*

*The IBO describe it as synthetic leather.

It's a decent looking belt to be honest. Nicely rounded.

Posted: **22 Feb 2018, 16:53**

Ruthless-RKO wrote: ↑22 Feb 2018, 16:503% of his purse

How much would that be?

Don't these organisations often accept a flat amount instead of a percentage when the purse is very high?

Better to get something rather than nothing etc.

Posted: **22 Feb 2018, 16:54**

Ruthless-RKO wrote: ↑22 Feb 2018, 16:50It's a decent looking belt to be honest. Nicely rounded.

It's better looking than the WBA title in my opinion.

Posted: **22 Feb 2018, 16:57**

Horse wrote: ↑22 Feb 2018, 16:53
Ruthless-RKO wrote: ↑22 Feb 2018, 16:503% of his purse
How much would that be?

Don't these organisations often accept a flat amount instead of a percentage when the purse is very high?

Better to get something rather than nothing etc.

It would have been £60,000, fcuk that for a game of soldiers!

Posted: **22 Feb 2018, 17:00**

Ruthless-RKO wrote: ↑22 Feb 2018, 16:49
East End wrote: ↑22 Feb 2018, 16:36 Well done George. A two-bit organisation, whose kind are pissing on boxing's credibility by flooding the market with pointless mickey mouse titles, being dismissed with appropriate contempt by a high profile champion of genuine importance.

The WBA have been nothing but asśholes over the last 15 years. Creating super and interim belts..

I agree but my post was about the IBO. The WBA, for all their faults, are an organisation whose titles are coveted throughout the sport by the people who matter most

Posted: **22 Feb 2018, 17:03**

Horse wrote: ↑22 Feb 2018, 16:53
Ruthless-RKO wrote: ↑22 Feb 2018, 16:503% of his purse
How much would that be?

Don't these organisations often accept a flat amount instead of a percentage when the purse is very high?

Better to get something rather than nothing etc.

I believe it's always 3%..

I don't know how much Eubank or Groves earned.. i'm gna guess around £2-3 million? They had $50m across both tournaments so maybe higher..

Let's say their purses were £3m a piece.. they would have both paid £90k each.. in this case, only Eubank paid that.. so add that to WBA's 3%.. Eubank would have paid out £180k on sanctioning fees of his £3m purse..

Groves would have only paid £90k to WBA..
Remember this is just a guess on their purse being £3m..

Your other question. I think they stick to 3%.. the higher the purse the more sanction fee..

Joshua and Klitschko each paid around £450k to the WBA, same amount to IBF and also same amount to IBO when they fought each other. Thats nearly £1.5m from each of there £15m purses..

Posted: **22 Feb 2018, 17:04**

East End wrote: ↑22 Feb 2018, 17:00
Ruthless-RKO wrote: ↑22 Feb 2018, 16:49
East End wrote: ↑22 Feb 2018, 16:36 Well done George. A two-bit organisation, whose kind are pissing on boxing's credibility by flooding the market with pointless mickey mouse titles, being dismissed with appropriate contempt by a high profile champion of genuine importance.

The WBA have been nothing but asśholes over the last 15 years. Creating super and interim belts..
I agree but my post was about the IBO. The WBA, for all their faults, are an organisation whose titles are coveted throughout the sport by the people who matter most

Definately. You're not wrong there.

Posted: **22 Feb 2018, 17:22**

I would have just offered to pay the IBO a flat amount and said take it or leave it.
1% of something is better than 100% of nothing.
its the 5th of 5 belts but its still a belt.
Joshua and Golovkin proudly show it off as did Mayweather and Tyson Fury before them...

Posted: **22 Feb 2018, 17:24**

Ruthless-RKO wrote: ↑22 Feb 2018, 17:03
Horse wrote: ↑22 Feb 2018, 16:53
Ruthless-RKO wrote: ↑22 Feb 2018, 16:503% of his purse
How much would that be?

Don't these organisations often accept a flat amount instead of a percentage when the purse is very high?

Better to get something rather than nothing etc.
I believe it's always 3%..

I don't know how much Eubank or Groves earned.. i'm gna guess around £2-3 million? They had $50m across both tournaments so maybe higher..

Let's say their purses were £3m a piece.. they would have both paid £90k each.. in this case, only Eubank paid that.. so add that to WBA's 3%.. Eubank would have paid out £180k on sanctioning fees of his £3m purse..

Groves would have only paid £90k to WBA..
Remember this is just a guess on their purse being £3m..

Your other question. I think they stick to 3%.. the higher the purse the more sanction fee..

Joshua and Klitschko each paid around £450k to the WBA, same amount to IBF and also same amount to IBO when they fought each other. Thats nearly £1.5m from each of there £15m purses..

That's interesting to know I always assumed that the organisations would have to split a % for unifications

Posted: **22 Feb 2018, 17:40**

Ruthless-RKO wrote: ↑22 Feb 2018, 17:03
Horse wrote: ↑22 Feb 2018, 16:53
Ruthless-RKO wrote: ↑22 Feb 2018, 16:503% of his purse
How much would that be?

Don't these organisations often accept a flat amount instead of a percentage when the purse is very high?

Better to get something rather than nothing etc.
I believe it's always 3%..

I don't know how much Eubank or Groves earned.. i'm gna guess around £2-3 million? They had $50m across both tournaments so maybe higher..

Let's say their purses were £3m a piece.. they would have both paid £90k each.. in this case, only Eubank paid that.. so add that to WBA's 3%.. Eubank would have paid out £180k on sanctioning fees of his £3m purse..

Groves would have only paid £90k to WBA..
Remember this is just a guess on their purse being £3m..

Your other question. I think they stick to 3%.. the higher the purse the more sanction fee..

Joshua and Klitschko each paid around £450k to the WBA, same amount to IBF and also same amount to IBO when they fought each other. Thats nearly £1.5m from each of there £15m purses..

I can't believe for a minute the IBO got £900k, it's worth fcuk all, they must take less money surely?

Posted: **22 Feb 2018, 17:45**

Horse wrote: ↑22 Feb 2018, 16:54
Ruthless-RKO wrote: ↑22 Feb 2018, 16:50It's a decent looking belt to be honest. Nicely rounded.
It's better looking than the WBA title in my opinion.

I honestly think the British title is the best looking.

I don't really have anything against the IBO, they'd probably be better than some of the other orgs, but the belts pretty meaningless when it's not one top boxers are generally interested in challenging for.

Posted: **22 Feb 2018, 17:58**

Eubank will fight for the vacant title in his comeback on ITV box office with Naz as the commentator

Posted: **22 Feb 2018, 18:02**

Nightmare Roy wrote: ↑22 Feb 2018, 17:40
Ruthless-RKO wrote: ↑22 Feb 2018, 17:03
Horse wrote: ↑22 Feb 2018, 16:53 How much would that be?

Don't these organisations often accept a flat amount instead of a percentage when the purse is very high?

Better to get something rather than nothing etc.
I believe it's always 3%..

I don't know how much Eubank or Groves earned.. i'm gna guess around £2-3 million? They had $50m across both tournaments so maybe higher..

Let's say their purses were £3m a piece.. they would have both paid £90k each.. in this case, only Eubank paid that.. so add that to WBA's 3%.. Eubank would have paid out £180k on sanctioning fees of his £3m purse..

Groves would have only paid £90k to WBA..
Remember this is just a guess on their purse being £3m..

Your other question. I think they stick to 3%.. the higher the purse the more sanction fee..

Joshua and Klitschko each paid around £450k to the WBA, same amount to IBF and also same amount to IBO when they fought each other. Thats nearly £1.5m from each of there £15m purses..
I can't believe for a minute the IBO got £900k, it's worth fcuk all, they must take less money surely?

£900k is bollox. Not a chance they paid that for the IBO...

Posted: **22 Feb 2018, 18:05**

I'll bet a champion holding all the belts would pay no more than 10% of his fight purse to the sanctioning bodies.
2% to each of the big 4 and 1% to the IBO.
1% of a £15million purse is £150k...

Posted: **22 Feb 2018, 18:08**

wesshaw1985 wrote: ↑22 Feb 2018, 17:22 I would have just offered to pay the IBO a flat amount and said take it or leave it.
1% of something is better than 100% of nothing.
its the 5th of 5 belts but its still a belt.
Joshua and Golovkin proudly show it off as did Mayweather and Tyson Fury before them...

If you're looking to win the Tournament as Groves surely is he doesn't need the IBO belt.

Posted: **22 Feb 2018, 18:09**

Most of the alphabet commissions have diluted their belts any way. The WBA making super this and super that, the regular this and that.

Its all bollox anyway, just ways to get money from boxers. The WBO are now having all these Euro titles and what not.

I'm glad Groves has chucked it in the bin but its only letting someone else fight for it, and Jr will get that chance again. He will fight for the vacant title. Sr must be laughing once again.

Posted: **22 Feb 2018, 18:11**

gilgamesh wrote: ↑22 Feb 2018, 18:08
wesshaw1985 wrote: ↑22 Feb 2018, 17:22 I would have just offered to pay the IBO a flat amount and said take it or leave it.
1% of something is better than 100% of nothing.
its the 5th of 5 belts but its still a belt.
Joshua and Golovkin proudly show it off as did Mayweather and Tyson Fury before them...
If you're looking to win the Tournament as Groves surely is he doesn't need the IBO belt.

he doesn't need it but then again neither does Joshua or Golovkin, yet they keep hold of it.
However minimal, it does add value to his name...

Posted: **22 Feb 2018, 18:12**

wesshaw1985 wrote: ↑22 Feb 2018, 18:05 I'll bet a champion holding all the belts would pay no more than 10% of his fight purse to the sanctioning bodies.
2% to each of the big 4 and 1% to the IBO.
1% of a £15million purse is £150k...

If there is huge money on the line I've no doubt fighters can negotiate just like any other business deal, i seriously doubt the WBA or IBF got anything like that, 3% is standard but 3% off a few 100k is one thing, 3% of 30 mil is a different ball game.

Posted: **22 Feb 2018, 18:14**

wesshaw1985 wrote: ↑22 Feb 2018, 18:02
Nightmare Roy wrote: ↑22 Feb 2018, 17:40
I can't believe for a minute the IBO got £900k, it's worth fcuk all, they must take less money surely?
£900k is bollox. Not a chance they paid that for the IBO...

£90k! Not £900k lol..

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Re: Groves Dumps Eubank's Belt

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Re: Groves Dumps Eubank's Belt

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