Tyson not bidding for Holyfield bout
Mike Tyson will not participate in a purse bid by the International Boxing Federation for a title bout against heavyweight champion Evander Holyfield, Tyson's promoter said yesterday. The former champion's decision, announced by Don King Productions, came one day after a New Jersey Superior Court judge ruled that only the IBF could accept bids from promoters seeking to stage the fight for the unified title.
The IBF, one of three governing bodies for boxing and the lead organization for any challenge to Holyfield, plans its purse bid Tuesday. It has ordered Holyfield to defend his crown by Oct. 25. Holyfield had petitioned the court for relief after the IBF and the World Boxing Council announced plans to hold purse bids, a move the champion said either would cost him money or guarantee a split.
Main Events-Monitor, which represents Holyfield, has offered Tyson $15 million to fight the champion. King reportedly wants $25 million for Tyson. Under the IBF formula, the champion gets 75 percent of the winning purse bid and the challenger 25 percent. That would mean someone would have to make a purse bid of $100 million for Tyson to get $25 million.
The Lightning World Championship Regatta off Annapolis wasn't sailed yesterdy because of lack of wind. Competition will resume today.