The International Boxing Federation has cancelled its scheduled Thursday purse bid hearing for the heavyweight title elimination bout between Nigeria’s Efe Ajagba and Congo’s Martin Bakole, PUNCH Sports Extra reports.
The fight, which was previously announced by Riyadh Season head Turki Alalshikh for a May 2 Ring Magazine show in New York City, will now likely proceed through private negotiations between the fighters’ promoters.
The scrapping of the purse bid indicates that the IBF has removed the fight from its usual bidding process, where different promoters would compete for the rights to stage the bout.
This suggests that sufficient evidence was presented to the governing body to allow the promoters to negotiate terms privately.
This development doesn’t necessarily affect the status of the fight itself but rather changes how the financial aspects will be determined. Instead of promoters submitting sealed bids to the IBF, BOXXER and Top Rank can now directly negotiate the terms for their respective fighters.
There is also a chance that this means that the fight will be cancelled or indefinitely postponed.
Both heavyweights feature in The Ring’s top 10 rankings, with BOXXER-promoted Bakole at No.6 and Top Rank’s Ajagba at No.10.
The winner of the bout will become the mandatory challenger for IBF heavyweight champion Daniel Dubois, who defends his title against former WBO champion Joseph Parker on February 22 in Riyadh, Saudi Arabia.
Bakole (21-1, 16 KOs) enhanced his reputation with a stunning fifth-round knockout of previously unbeaten American prospect Jared Anderson last August at BMO Stadium in Los Angeles. The victory marked his 10th consecutive win since his October 2018 stoppage loss to Michael Hunter.
The 33-year-old Congolese knockout artist, now based in Scotland, has been seeking major opportunities since his impressive victory over Anderson on Riyadh Season’s first venture into the US market.
Ajagba (20-1, 14 KOs), a 2016 Rio Olympics super heavyweight representative, has won his last five fights since suffering his lone professional defeat to Frank Sanchez in October 2021.
The Nigerian pugilist, who now trains in Houston, Texas, secured the biggest win of his career in his last outing, earning a split decision victory over Guido Vianello in Corpus Christi, Texas last April.
Dubois (22-2, 21 KOs), ranked No.2 by The Ring, awaits the winner of the elimination bout, as he prepares to defend his title against third-ranked Parker (35-3, 24 KOs) in Saudi Arabia.