Golden Boy wins purse bid

Updated: February 16, 2011, 4:50 PM ET
By Dan Rafael | ESPN.com

Golden Boy Promotions on Wednesday won a purse bid to gain control of the rematch between light heavyweight champion Jean Pascal and Bernard Hopkins.

Golden Boy CEO Richard Schaefer, who attended the purse bid at WBC headquarters in Mexico City, told ESPN.com that his winning bid was $1,911,500, beating the offer of $1,752,000 made by Yvon Michel, Pascal's promoter.

Pascal, of Montreal, and Philadelphia's Hopkins fought to a controversial draw Dec. 18 in Quebec City, and the WBC ...

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