This came to pass because both parties didn’t reach an agreement during the period of free negotiations, therefore the WBC held the purse bid.
Andrey Ryabinski, Povetkin´s promoter, won the rights of the match with an offer of $7.150.000, while promoter Lou DiBella (who works alongside PBC) offered $ 5,101,000.42.
Ryabinski has 15 days to set the date and venue of the fight which has to take place within the next 90 days.
Wilder (36-0, 35 KOs) conquered the WBC heavyweight title in January 2015 defeating Bermane Stiverne by decision. He has defended his title three different times, each by KO.
Povetkin (30-1, 22 KOs), has only suffered defeat against Wladimir Klitschko, but he was able to recover defeating tough rivals including Carlos Takam, Mike Perez, Mariusz Wach and Manuel Charr.