Triller, Teofimo and Top Rank: Anatomy of a Purse Bid

Article by Rick Mohamed

In this week’s podcast, Triller will forever change the boxing world with the purse bid.

Triller has shaken up the boxing world by outbidding legendary promoter Bob Arum’s Top Rank Promotions’ purse bid for the rights to promote Teofimo Lopez’ next fight in May vs. George Kambosos! Triller’s purse bid was over a whopping $6 million, while Top Rank’s was around an underwhelming $2.3 million, though Lopez is under contract with them. 
To further add insult to injury, Matchroom’s Eddie Hearn submitted a purse bid of over $3 million, outbidding Top Rank. Top Rank CEO Bob Arum may be fuming, but he seems cool to the notion that Triller is now a new player on the scene. 
He recognizes that Triller, owned by Ryan Kavanaugh, is a tech company sporting an app that connects it with its audience. It’s a new player on the block. It offers live access to music concerts and sporting events to its customers. It promoted the recent Mike Tyson vs. Roy Jones Jr. throwback exhibition fight last November that garnered the highest number of pay per view buys in 2020
Hip hop legend Snoop Dogg is apparently an active player on the scene, having given a very humorous and popular color commentary during the Tyson-Jones exhibition. He may be Triller’s secret weapon in getting music acts to allow Triller to promote their live shows. 
Up next for Triller is the Mike Tyson/Evander Holyfield exhibition throwback fight yet to be scheduled. 
Arum isn’t pleased that Hearn outbidded him in the purse bid, which is quite unusual. This may be the first battle in what may be a bidding war.
Under IBF purse split rules, Lopez will get around a bit less than $4 million, and Kambosos stands to make the most he’ll most likely ever see: $2 million. 
These are huge paydays for both fighters in what is not a major fight between 2 proven superstars. Only Lopez (16-0, 12 KOs), the unified lightweight champion after his defeat of Vasily “Loma” Lomachenko in their big fight in 2020, is proven, while Kambosos, at 19-0 w/10 KOs, is virtually unheard of in the U.S. 
Arum sounds willing to let Triller buy the rights to Lopez for the rights to all of his fights. They’ll just have to come up with the right price. 
I’m sure Terrance “Bud” Crawford and Errol Spence Jr. are looking at these developments and what they might mean in the negotiations for a potential battle between them. Triller creates new exciting options that may result in fights we might never have seen under the rule of the older promoters.
A new promoter is now here to shake things up! Boxing fans, sound off! 

About the Author

Brawlers Sports Media is a media company that built their level of reporting boxing news to all the boxing fans out there from ground zero. CEO Rick Mohamed vows to deliver top quality content and one on one interviews as well as articles for the boxing communities’ entertainment.

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