$3 million hosting fee threatens Bash Ali’s Guinness World Record boxing bout in Nigeria
By Taiwo Adelu
London, June 24, 2019 (AltAfrica)-Bash Ali’s Guinness world record boxing match is under serious threat as the Local Organising Committee (LOC) of the bout has up till Friday, 28 June, 2019 to pay the Sanction/Approval Fee of $3 million to the International Boxing Union (IBU) Inc. or lose the hosting right
With the organisation of the fight, Nigerian Bashiru Lawrence Ali, OON, who is popularly called Bash Ali, is on the verge of rewritten boxing history by becoming the oldest man on earth to step on the ring and a win will also make him the oldest man on earth to win a world boxing title at the age of 63.
Alternative Africa can exclusively report that if Nigeria fails to pay the Sanction Fee to the Atlanta Georgia, US-based world boxing body, Germany is on the waiting to pick up the hosting of the fight and a whopping sum of 50 million Euros will be packaged for the Nigerian boxer for acceding to bringing the epic fight to Germany.
On 21 May, 2019, the LOC of the fight was inaugurated by the erstwhile Nigerian Minister of Sports, Barrister Solomon Dalung, who gave the Committee a 90-day mandate to organise the fight at a convenient venue in the country, but a month after the inauguration, Alternative Africa understands that nothing concrete has happened and now the deadline to pay the Sanction Fee to the IBU is fast approaching.
Though effort to speak with Chief Kenny Martins, the chairman of the LOC after the Minister had left office and the Permanent Secretary of the Ministry of Sports, Mr. Adesola Olusola proved abortive at the weekend, Bash Ali himself was able to inform that members of the LOC will be meeting with the Permanent Secretary this week to fashion out detailed plans about the fight, adding that he believes that the LOC won’t allow the hosting right to be taken away from Nigeria.
“All I can say for now is that members of the LOC will be meeting with the Permanent Secretary of the Ministry of Sports this week to discuss the next line of action. We are aware of the IBU deadline and we are working on it,” he told Alternative Africa in a telephone chat from Abuja.
Meanwhile, the IBU has estimated the sum of 1.5 billion USD as the revenue the Bash Ali Guinness World Record Championship would rake in from the Pay-Per-View telecast alone apart from other sources of revenues that will come in if the LOC could put up a good organisation for the world event.
The IBU said in a letter to the LOC and signed by the President of the IBU, Don “Moose” Lewis that “the Guinness World Record Boxing Championship Bout would be watched live on Pay Per View Television (PPVTV) by an estimated audience of between 15 million-20 million people at the rate of US100 per viewer for a US1.5B minimum PPVTV Revenue, but if it holds in the summer (June-September), the PPVTV Price will be US75 per viewer
“The Promoter in Nigeria is in total control of all the monies to be generated in this historic event which include but not limited to Local and International PPVTV Revenues, Commercials, Adverts, Sponsorships, Souvenirs and others. All Federal and State Taxes would be paid to the host country by the Fight Promoters.
“An Irrevocable Standing Payment Order would be established at a designated bank in favour of all the Principal Actors as would be agreed.
“The IBU in House Promoters in order to host this historic event are willing to match any offer or Tax Break Nigeria offers.”