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Don King wins rights with $1.1M offer

Updated: September 30, 2012, 11:45 PM ET
By Dan Rafael | ESPN.com

Promoter Don King won a purse bid for the right to promote the heavyweight title elimination bout between Cristobal Arreola and Bermane Stiverne, offering a whopping $1.1 million to beat three other bids.

The WBC purse bid was conducted Saturday at the Bellagio in Las Vegas during another function the organization was putting on.

The winner of the bout, which is due to take place by the end of December, will become the mandatory challenger for titleholder Vitali Klitschko. ...

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