A purse bid was held yesterday for the upcoming featherweight fight between IBF champion Billy Dib and Mauricio Munoz.
50 Cent's SMS Promotions put in the winning bid of $50,000 for the bout. That means Dib is entitled to $37,500 (75 percent of the winning bid) while Munoz is entitled to $12,500 (25 percent).
Dib (35-1, 21 KOs), who is promoted by SMS Promotions will put his belt on the line against Munoz (26-3, 12 KOs) sometime within the next 90 days. A date and location will be determined soon.
The winning bid was placed on 50's behalf by attorney Leon Margules, who represents 50 in his boxing business according to BoxingScene.
Munoz became that mandatory challenger for Dib after he defeated Luis Franco on October 13th via split decision.