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OPEN BIDDING AND TRANSACTION MANAGEMENT Most title fights have become transactions involving tens of millions of dollars with promoters and middlemen often earning more than the fighters. Highest Bidder PurseBid.com must work to achieve the highest world market price for the world champions by opening the process (with the fewest intermediaries) of bidding on fights and site fees to every country and venue interested in hosting world championship fights. Many champions have been black-listed, locked out, in the past by promoters working with the sanctioning organizations and pay-per-view television duopoly when they attempted to become free agents. Middlemen Our goal is to open up opportunities for direct bidding on the world championship title fights to all interested promoters, pay-per-view, and hosts without the fighters having to incur the percentage fees "off the top." These percentages typically go to one or more of a heirarchy of "advisors" and "co-promoters." They habitually position themselves as "advisors" or through options with the fighters, promoters, or the venues for participation in world championship fights. The Internet and auction/transaction software is the perfect technology for boxers and promoters to address their common interest in realizing the true market value for fights in every venue in the world and in reducing the middlemen who contractually sandwich themselves in the deal. Transaction Management PurseBid.com will become the trusted third party working to process multi-party transactions, enable terms and conditions of the fight contracts, provide for percentage deposits and advances and reimbursements for training and other fight expenses, and integrate additional third party payments for travel, lodging, and other logistics. TransactionPoint.com may be a model for orchestrating the complexity of online transactions for major fights involving millions of dollars and a variety of exchange rates. PurseBid.com will offer niche auction services and comprehensive championship title fight transaction management for the fighters, managers, promoters, venues, and telecasting. FightersOnline Home PurseBid Home |