BREAKING Collazo relinquishes WBO mini-flyweight title; Matsumoto to be elevated

The bottom line

The WBO announced Oscar Collazo relinquished his mini-flyweight title, canceling the Nov. 2 purse bid; interim champion Ryusei Matsumoto will be elevated.

From 2 reports

Latest Collazo relinquishes WBO mini-flyweight title; purse bid canceled, Matsumoto to be elevated

Collazo relinquishes WBO mini-flyweight title; Matsumoto to be elevated
Photo via MiddleEasy · added

What we know

  • The WBO announced on Nov. 2 that Oscar Collazo formally relinquished his WBO mini-flyweight title; Matsumoto will be elevated to full champion, subject to a ruling by the WBO Championships Committee, which has not yet been issued.
  • The purse bid for Collazo vs. Matsumoto set for Nov. 2 at the WBO's San Juan headquarters was canceled; Collazo's promoters, Miguel Cotto Promotions and H2 Entertainment, notified the WBO in writing before the proceedings began.
  • The canceled bid had a minimum offer of $80,000, each boxer's share capped at 75 percent, following Teiken Promotions' Oct. 22 request for immediate bidding.
  • Collazo withdrew from an Oct. 10 flyweight unification challenge against Ricardo Sandoval because of a training-camp rib injury.
  • Matsumoto (9-0, 4 KOs) won the WBO interim title with a 12-round unanimous decision over Russell Acosta on Sept. 27 in Tokyo.
A fight date for Oscar Collazo's mandatory WBO mini-flyweight defense is still to come, but the WBO has now forced the issue. It ordered a purse bid for his bout with interim champion Ryusei Matsumoto, and the hearing is at its San Juan headquarters, with president Gustavo Olivieri presiding. The organization plans to broadcast the hearing on its website and social accounts.

The committee acted on Teiken Promotions' Oct. 22 request for immediate bidding, even though an earlier negotiation order was still running. Negotiations can still end the process: an agreement submitted and approved before the hearing cancels the auction. The minimum offer is $80,000, and either boxer's share is capped at 75 percent, with a formal ruling to set the actual split.

The clock then runs fast. After the award, both boxers have 48 hours to confirm availability in writing and ten days to submit signed bout agreements. The winning promoter owes a 20-percent deposit within two business days and must stage the fight 45 to 90 days after adjudication. A missing television deal does not automatically justify extra time. If a boxer is injured or refuses, another eligible contender can be chosen, and a promoter default can pass the rights to the next qualified bidder.

For Collazo, a 29-year-old from Puerto Rico, the mandatory follows a disrupted plan to move up in weight. Golden Boy said a training-camp rib injury forced him out of an Oct. 10 challenge to Ricardo Sandoval for the unified WBA and WBC flyweight titles, a fight at 112 pounds. This title is at 105 pounds. Collazo said in a statement that he hoped to reschedule that fight, but nothing has been booked. Sandoval has since lost to Sergio Mendoza, who stopped him in the fifth round.

Matsumoto earned his claim by beating Russell Acosta on Sept. 27 at Toyota Arena Tokyo. Teiken's official record lists a 12-round decision for the interim title.

Watch Nov. 2 for whether a deal lands first, who wins the bid, and how the purse is split. The winning bid starts the 45-to-90-day window for the fight.
 
Summary
The WBO announced Oscar Collazo relinquished his mini-flyweight title, canceling the Nov. 2 purse bid; interim champion Ryusei Matsumoto will be elevated.
Key points (one per line)
The WBO announced on Nov. 2 that Collazo formally relinquished his WBO mini-flyweight title.
The Nov. 2 purse bid for Collazo vs. Matsumoto was canceled.
Interim champion Ryusei Matsumoto (9-0, 4 KOs) will be elevated to full champion, subject to a ruling by the WBO Championships Committee.
Also reported by (Name | URL per line)
MiddleEasy | https://middleeasy.com/boxing/oscar-collazo-ryusei-matsumoto-wbo-purse-bid-november2/
MiddleEasy | https://middleeasy.com/boxing/oscar-collazo-relinquishes-wbo-title-matsumoto-elevation/
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