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Valuev, Chagaev to meet in rematch

Updated: April 23, 2009, 11:57 AM ET
By Dan Rafael | ESPN.com

Heavyweight titleholder Nikolai Valuev will have a chance to avenge his only professional defeat against Ruslan Chagaev.

Sauerland Event, Valuev's promoter, won Monday's WBA purse bid in Vitoria, Spain, to gain control of the bout, which will be staged at the Hartwall Arena in Helsinki.

Sauerland Event bid $2,814,414, beating Universum, the only other bidder, which offered $2,164,660. The bid, with a minimum offer of $1 million, was open to any registered WBA promoter.

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