Caballero-Barros Purse Bid Today

The Purse Bid to determine the promoter of the rematch between the Argentinian world champion Jonathan Victor Barros and former WBA/IBF 122lb champion Celestino “Pelenchín” Caballero of Panama will take place today at WBA Headquarters in Panama with WBA Executive Vice President Gilberto Jesus Mendoza presiding. The rematch was ordered due to the controversial split decision on July 2 in Mendoza, Argentina where Barros retained the featherweight crown in his second defense.

The purse bid was for the WBA Featherweight title, between Jonathan Barros and Celestino Caballero. O.R. Promotions CEO Osvaldo Rivero, representing Barros, submitted an offer of $401,666.00. Promociones y Eventos del Istmo CEO Rogelio Espiño, representing Caballero, offered $305,000. Per WBA rules, the champion will received 75% of the purse and the challenger 25%. The minimum purse bid was set at $120,000 dollars. O.R. Promotions offered Mendoza, Argentina, Buenos Aires, Argentina and Panama as possible sites. The fight must be done in no less than 45 days and no more than 90 days.

It needs to be somewhere neutral, Caballero got screwed in the first fight.