IBO SUSPENSION OF PROMOTER OF LORETO-JOYI TITLE REMATCH FOR NON-PAYMENT OF BOXERS
By Ronnie Nathanielsz
PhilBoxing.com
Tue, 21 Apr 2015
International Boxing Organization president Ed Levine has sent out a notice which says the IBO suspends the promoter of Loreto-Joyi for failing to pay its financial obligations.
However, the announcement makes no specific mention that promoter Siphatho Handi has been suspended by the IBO.
We called the IBO president?s office and also an email seeking clarification but up to now haven?t received a response.
The earlier IBO announcement said ?Despite numerous assurances, deadlines and promises, as of this date Mamali Productions has failed to make good on it's commitment to pay the fighters, officials and sanction fees for it's March 22nd tournament. ?
It said ?The IBO encourages Boxing South Africa to take appropriate steps against this promoter in South Africa pending legal action taken by Loreto's management and to avoid further embarrassment and damages to the participants? who. Beside light flyweight champion Rey Loreto included Jetly Purisima who was featured in a ten round supporting bout.
Loreto scored a smashing 1st round knockout over former champion Nkosinathi Joy in a rematch after the Filipino stunned the South African to win the title by a 3rd round knockout.
The failure of promoter Handi to keep his commitment to have the funds deposited in the bank account of former North Cotabato governor and broadcast journalist Manny Pinol who handles Loreto and was in South Africa for the fight has damaged the image of the International Boxing Organization and the South African Boxing Association.
The promoter owes the boxers a total of $45,000.
Handi had promised the IBO, the SABA and the boxers representative, Manny Pinol to transfer the funds to Pinol?s bank account in the Philippines by April 17.
In a communication to IBO president Ed Levine whose office we ourselves have called several times for the sake of the boxers, Pinol informed us that Handi hasn?t kept his promise and that he (Pinol) had sent Loreto ?a modest sum of money? after the boxer called and said he needed the money to finish the construction of a small house he is building for his family.
In the face of promoter Handi?s failure to pay the boxers, Pinol has asked the IBO ?what action they would take to give these boxers what is due them.?
Pinol who hired a panel of South African lawyers to file the necessary cases against Handi to recover the fighters purses had put the legal action on hold in the face of the promoter?s promise to pay but because of the third failure of Handi to keep his commitment he will be ?forced to elevate the matter to the South African courts.?
Pinol concluded ?I know this would be embarrassing not only for the promoter but also for Boxing South Africa and the IBO but I believe tyhis should be done to protect the interests of the Filipino boxers.?
Click here to view a list of other articles written by Ronnie Nathanielsz.
Recent PhilBoxing.com In-House articles:
Minnesota, Indiana Back Again in the Eastern and Western Conference Finals
By Teodoro Medina Reynoso, Thu, 15 May 2025In Jonathan’s memory
By Joaquin Henson, Thu, 15 May 2025WATCH: HITCHINS AND KAMBOSOS JR IN INTENSE FACE-OFF WITH ONE MONTH UNTIL NYC SHOWDOWN
Thu, 15 May 2025Toledo-Xignex Trojans finally win the PCAP online team chess tournament
By Marlon Bernardino, Thu, 15 May 2025Former WBA Super Bantamweight Champion Nazarena Romero to Exercise Immediate Rematch Clause Against Mayelli Flores Rosquero
Thu, 15 May 2025Pacquiao's Controversial WBC Ranking Explained: "Legend" Status Cited Amid July Return
By Dong Secuya, Thu, 15 May 2025No-contest ruling awaited
By Joaquin Henson, Thu, 15 May 2025FISHER VS. ALLEN 2 + UNDERCARD FINAL PRESS CONFERENCE QUOTES
Thu, 15 May 2025Tyler Langer Defeats Raphael Carolina By Unanimous Decision in Headline Bout of Jeter Promotions Card at Rosecroft Raceway in Fort Washington, Maryland
Thu, 15 May 2025Canelo vs. Crawford Bout Faces Date and Venue Shift
By Dong Secuya, Wed, 14 May 2025BROADCAST TEAM ANNOUNCED FOR “CHAMPIONING MENTAL HEALTH: A NIGHT OF BOXING” ON THURSDAY, MAY 22
Wed, 14 May 2025UNBEATEN AMATEUR WORLD CHAMPION TIAH-MAI AYTON SIGNS PROMOTIONAL DEAL WITH MATCHROOM
Wed, 14 May 2025Arum Targets Manila Rematch: Navarrete vs. Suarez 2 Eyed for Thrilla in Manila Anniversary
By Dong Secuya, Wed, 14 May 2025Ron Johnson’s American Dream Presents & Nothing But Sportz Announce “The Caribbean Clash” Boxing Event at Miami’s James L. Knight Center on Saturday, August 9
Wed, 14 May 2025Francis Chua is Fighting for Family in Comeback fight as he eyes Future fight with Harry Garside
Tue, 13 May 2025