IBO SUSPENDS PROMOTER FOR FAILURE TO PAY THE PURSE OF CHAMPION REY LORETO
By Ronnie Nathanielsz
PhilBoxing.com
Thu, 30 Apr 2015
International Boxing Organization president Ed Levine has informed Games and Amusements Board chairman Ramon Guanzon that the IBO has acted on what Levine described as ?a very distressing situation? after he received a letter from the GAB chairman detailing the failure of the South African promoter Sipatho Handi to pay the purses of light flyweight champion Rey Loreto who won by a 1st round knockout in a rematch with former champion Nkosinati Joyi last March 23 in South Africa.
Levine informed chairman Guanzon ?that at a meeting last week of our Championships Committee the South African promoter was suspended as a licensed promoter for the IBO.?
The IBO president also disclosed that he had ?received correspondence indicating that the South African Government is working to resolve this matter. We are hopeful that this ultimately will lead to the payments due to all concerned parties and most importantly Rey Loreto.?
A total of $45,000 is due both Loreto and Jetly Purisima who figured in a ten round bout on the undercard.
He emphasized that ?If this proves unsuccessful the IBO will certainly cancel the promoters license.?
Click here to view a list of other articles written by Ronnie Nathanielsz.
Recent PhilBoxing.com In-House articles:
Bryce Mills Defeats James Bernadin By Unanimous Decision
Mon, 03 Nov 2025NBA Daily: Wembanyama Struggles as Suns Give Spurs First Loss 130-118
By Reylan Loberternos, Mon, 03 Nov 2025Oklahoma City Thunder the only undefeated NBA Team
By Gabriel F. Cordero, Mon, 03 Nov 2025RP Blu Boys Close Out Strong with Unbeaten Record in Japan Tournament
By Marlon Bernardino, Mon, 03 Nov 2025Pero Outlasts Thompson in Orlando, Secures Unanimous Decision Victory
Mon, 03 Nov 2025Jonas Magpantay Crowned Qatar World Cup 10-Ball Champion
By Marlon Bernardino, Mon, 03 Nov 2025Jonas Magpantay reaches Qatar World Cup 10-Ball Finals
By Marlon Bernardino, Sun, 02 Nov 2025Pistons defeated Mavericks in NBA Game 34 in Mexico
By Gabriel F. Cordero, Sun, 02 Nov 2025GM Antonio finishes 14th in World Senior Standard event
By Marlon Bernardino, Sun, 02 Nov 2025NONITO DONAIRE FIGHTS SEIYA TSUTSUMI FOR THE WBA BANTAMWEIGHT TITLE
By Maloney L. Samaco, Sun, 02 Nov 2025Luka Dončić Equals Wilt Chamberlain’s Historic Scoring Feat
By Gabriel F. Cordero, Sun, 02 Nov 2025THRILLA IN MANILA II RESULTS: JERUSALEM, TAPALES, MARCIAL LEAD WINNERS
By Eric Armit, Sun, 02 Nov 2025Last Pinoy Standing: Jonas Magpantay marches into semis in Qatar World Cup 10-Ball
By Marlon Bernardino, Sun, 02 Nov 2025WEIGHTS FROM NIGHT OF KNOCKOUTS XXXVII AT MOTORCITY CASINO HOTEL
Sat, 01 Nov 20253 Filipinos Reach Qatar World Cup 10-Ball Last 16, Biado Out
By Marlon Bernardino, Sat, 01 Nov 2025