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WBC STRIPS COTTO AFTER AN ATTEMPT TO EXTORT HIM FOR $300K

472 views · Published 17 November 2015 · 6:01 · Indexed 8 November 2026

Channel: Shady Slim · 2015 · Sports

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http://espn.go.com/boxing/story/_/id/14153354/wbc-strips-miguel-cotto-belt-ahead-canelo-alvarez-fight The World Boxing Council worked tirelessly through a process that began over two years ago to secure the celebration of the highly anticipated fight between Miguel Cotto and Saul 'Canelo' Alvarez. The WBC is proud of that accomplishment that is giving boxing fans around the world a very important fight to see," the WBC said in a statement. "After several weeks of communications, countless attempts and good faith time extensions trying to preserve the fight as a WBC world championship, Miguel Cotto and his promotion [Roc Nation Sports] did not agree to comply with the WBC rules and regulations, while Saul Alvarez has agreed to do so. Accordingly, the WBC must rule on the matter prior to the fight.

"The WBC hereby announces that effective immediately it has withdrawn recognition of Miguel Cotto as WBC world middleweight champion."

The WBC also announced that if Alvarez (45-1-1, 32 KOs) wins Saturday's fight, he will claim the vacant WBC belt. Alvarez would also displace Cotto as lineal champion.

If Cotto wins, he will remain lineal champion, but the WBC belt will remain vacant.

The WBC did not announce any details regarding what rules or regulations Cotto failed to comply with, but sources said Cotto's title was withdrawn because he refused to pay a $300,000 sanctioning fee to the WBC.

Fighters are required to pay sanctioning fees in title fights, but according to a source, Cotto, who was willing to pay a six-figure fee, felt $300,000 was too steep.

Cotto (40-4, 33 KOs) could not be reached for comment, and representatives from Roc Nation Sports declined to comment.

In addition to seeking $300,000 from each fighter in sanctioning fees, the WBC also required $25,000 apiece from the two promoters, Roc Nation Sports and Golden Boy Promotions. When the fight was made, part of the deal was that Cotto and Roc Nation had to agree to pay WBC interim middleweight titleholder Gennady Golovkin -- Cotto's mandatory challenger -- step-aside money to allow the fight to go through.

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