Procedure by which, when a fight has been officially ordered by an organization such as the WBC, promoters submit competing financial bids and the one who offers the highest bid wins the right to promote the fight.
« when you hear about purse bids in boxing, it's because a fight has been ordered. So the WBC could soon officially order Mario Barrios to face Souleyman Cissokho, and at that point promoters place bids and the one who made the highest bid wins the promotion and organization of the fight. »
