HITZ BOXING AND SQUARE RING ADDRESS OQUENDO – CHAGAEV PROPOSED BOUT

Chicago, IL (May 20, 2014) Plans for a World Boxing Association (‘WBA’) “Regular” Heavyweight Title bout between Chicago’s Fres Oquendo and Ruslan Chagaev of Hamburg, Germany for Saturday, JUNE 7 in Grozny, Russia were addressed today by the Windy City’s leading boxing promoter, Bobby Hitz of Hitz Boxing.

“Along with Roy Jones’ Square Ring Promotions, Hitz Boxing has an exclusive promotional contract with Fres Oquendo” said Hitz. “The contract which we have, provided Fres the opportunity to stay active and continue his path towards becoming a world champion, a goal we set forth as a team when we signed him.”

“My understanding is this bout with Chagaev has been negotiated without our knowledge or input, a clear violation of the contract Hitz Boxing and Square Ring Promotions have with Fres.”

Continued Hitz, “At this point both of our entities, Hitz Boxing and Square Ring Promotions, will pursue legal remedies against all parties seeking to engage Fres Oquendo in this bout as they will be in tortious interference of our contract.”

Unfortunately as Hitz states, the pattern of Oquendo’s management team interfering in his role as a promoter has been a continual problem.

“This exact fight was previously approved by the WBA at their most recent convention with Hitz Boxing and Square Ring’s involvement, however when Fres’ manager entered him in the proposed World Boxing Council (‘WBC’) heavyweight tournament, the WBA refused to sanction this bout. All this while John Wirt of Square Ring was negotiating the WBA fight.”

“Fres should know that he will be in a much bigger legal fight before he gets in the ring if he and his manager continue down this path.”

Sporting a record of 37-7-0 with 24 knockouts, Oquendo is currently ranked #6 by the WBA and has won five bouts in a row.