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TRANSACTION MANAGEMENT Open the Market Main events and title fights have become transactions involving tens of millions of dollars with promoters often earning more than the fighters. FightAuction.com, PurseBid.com, and SiteFeeAuction.com will all work to achieve the highest world market prices from promoters, venues, television, and pay-per-view. Fight auctions will open the process with the fewest intermediaries to those who want to buy or host big fights or smaller shows, as well as to directors of tourism in foreign countries. Casino venues in less well known areas may be interested in putting their hotel on the map by bidding to host a world championship fight. Many have been locked out in the past by promoters working under contract with one of the pay-per-view televisions which comprise the duopoly. They may have first attempted to deal directly with the fighter's management. Our goal is to pry open opportunities for direct bidding on all fights to every interested promoter and host throughout the world without the fighters, promoters or hosts having to incur the percentage fees "off the top." These "fees" often go to one or more of a heirarchy of advisors, middlemen, and "co-promoters." They habitually position themselves by using third party funds, taking big fights off the market through options with the fighter and a top opponent. Then they conduct what amounts to a private auction, negotiating with venues or business groups anxious to a host world championship fight. Proven Software Auction and fixed-price transaction software will enable fighters to realize the true market value for fights throughout the world and reduce the middlemen who sandwich themselves between the fighters and the promoters and venues. Simplify Complex Transactions FightAuction.com, PurseBid.com, and SiteFeeAuction.com will become the trusted third party working to process multiparty transactions, enable terms and conditions of the fight contracts, provide for percentage deposits, training advances, reimbursements for other fight expenses, achieve athletic commission review and approval, and integrate additional third party payments for travel, lodging, and other logistics. TransactionPoint.com (Ariba and eBay are partners) is one model for smoothly orchestrating the complexity of online transactions. Major fights involve millions of dollars and a variety of exchange rates from international pay-per-view buys. FightersOnline.com's free market auction sites will offer comprehensive transaction management for fighters, managers, promoters, and venues. FightersOnline Home FightAuction Home |