The letter from the WBO, signed by chairman Luis Batista Salas, was dated May 14 and addressed to Eric Gomez of Golden Boy Promotions, Fernando Beltran of Zanfer Promotions and Frank Warren of Queensberry Promotions. Golden Boy and Zanfer represent Munguia, while Warren handles Smith.
“Please be advised that the parties have thirty days (30) upon receipt of this letter to negotiate and reach an agreement concerning the WBO Jr. Middleweight Title Bout between Jaime Munguia and Liam Smith. If an accord is not reached with the time frame stated herein, a Purse Bid will be ordered pursuant to our WBO Regulations of World Championship Contests,” reads the letter.
“Therefore, the minimum acceptable bid for the WBO Jr. Middleweight division is $200,000 (Two-Hundred Thousand Dollars). Any of the parties involved may request a purse bid procedure at any time during the negotiation process.”
The heavy-handed Munguia – a virtual unknown a week ago who was knocked back as a possible replacement for Saul “Canelo” Alvarez when he withdrew from his middleweight title fight against reigning champion Gennady Golovkin scheduled for May 5 – now finds himself in the unique position of being an instant star.
You can expect Golden Boy Promotion and Zanfer to make a strong play to keep this fight in the United States to protect their newest commodity.