Diademuertos

WORLD BOXING ORGANIZATIO
Contact Info
address: First Federal Bldg. 1056 Muñoz Rivera Ave. Suite 711-714, San Juan, P.R. 00927. 
phone: (787) 765-4444. 
fax: (787) 758-9053. 

NORTH AMERICAN BOXING ORGANIZATION
Contact Info
address: 4733 Torrance Blvd., Ste: 932 Torrance, CA 90503. 
phone: 1 (310) 517-0135. 
mobile: 1 (213) 840-3907. 
fax: 1 (310) 517-0145. 

SECTION 11. PURSE BIDS(a) Purse Bids for championship fights shall contain the elements required by these rules. Only those proposals submitted by Promoters registered with and in good standing with the WBO shall be accepted by the WBO.
(b) Bid Deposits. Each Promoter shall submit a Purse Bid Deposit of One Thousand ($1,000.) Dollars with its bid at the time the Promoter submits its proposal. The Purse Bid Deposit forall bidders shall be retained by the WBO, and applied as the Purse Bidders Service Fee to cover the expenses incurred by the World Boxing Organization on calling the contest to bid.
(c)Proposals. The proposals shall be submitted to the office where the President of the World Boxing Organization indicates that the bid shall be held, in two sealed envelopes as follows:
1. (1) ENVELOPENO.1– DOCUMENTS. A Promoter whose bid does not meet the requirements of this section shall be automatically disqualified from the Purse Bid and cannot participate in the Purse Bid. The World Boxing Organization shall retain the disqualified Promoter’s Bid Deposit as the disqualified bidder’s Purse Bidders Service Fee, and shall also return Envelope No. 2 “Proposal” which shall not be opened.Envelope Number 1 shall contain the following documents:
2.
1. (A) Certified check, cashier’s check or bank money order payable to the World Boxing Organization, or money in cash, in the legal tender of the United States of America (dollars) for the Purse Bid Deposit in the sum of US$1,000.00 to cover the Promoter’s Purse Bid Service Fee.
2. (B) WBO Receiptor a copy thereof evidencing payment of the Annual Registration fee as WBO Championship Contest Promoter, or a copy of the Promoter’s cancelled check or wire transfer to the WBO for the Annual Promoter’s Registration Fee. The WBO President may waive this requirement for any Promoter known to the WBO President to have paid its Annual Registration fee.
3. (C) A letter of authorityfor a representative of a proponent, for those bidders who cannot attend the bid and sends a representative who is not an officer or employee of a bidder. This letter may be an original letter or may be sent by the proponent by facsimile, e-mail or telegraph.
(2) ENVELOPE NO. 2 – PROPOSAL
1. (A) A written proposal indicating the total purse offered to the Champion and theChallenger, the proposed sites for the Championship Contest, and the proposed date for the Championship Contest. This amount will be net, with no deductions except for the Sanction Fees to be paid by the Champion and the Challenger pursuant to these WBO Regulations of World Championship Contests and tax withholdings required by the law of the country where the fight is to be held.
2.(B) The Proposal shall include a Purse Bond in the form of a certified check, cashier’s check or bank money order payable to the World Boxing Organization, or money in cash, in the legal tender of the United States of America (dollars) totaling Ten (10%) Percent of the total of the proposed purse. The Purse Bond of the successful bidder shall be retained by the World Boxing Organization to secure theChampion, Challenger and the WBO in the event that the successful bidder fails to promote the Championship Contest pursuant to the Purse Bid without just cause.
3. (C) The Proposal shall indicate the place or places where the fight is to be held; the Proposal shall not identify more than three (3) potential sites.
4. (D) The Proposal shall Indicate the date the...