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Friday, 9 November, 2001, 17:07 GMT
Boxing board settles with Watson
Michael Watson celebrates after beating Anthony Brown in a 1991 bout
Watson does not want to bankrupt the BBBC
British boxing's ruling body has reached an agreement with Michael Watson over the amount of compensation the boxer will receive.

The British Boxing Board of Control (BBBC) will sell its London headquarters to finance damages settlement for Watson.

A figure of 750,000 is expected to be paid out as compensation, with the former boxer expected to receive 400,000.

Michael Watson is understandably disappointed not to be receiving the full amount to which he was entitled but he is relieved it has been settled
Watson's solicitor

Promoter Frank Warren will also contribute towards the settlement in the form of advanced tournament tax.

Watson sued the board for a figure believed to be 1.4m after suffering brain damage in a WBO title bout with Chris Eubank in 1991.

After the High Court agreed that the board were liable for the injuries suffered by Watson, the ruling body was placed in administration.

"Solicitors on Michael's behalf have told us that it was never his intention to force the board into liquidation which is why he co-operated," said BBBC general secretary Simon Block.

See also:

09 Nov 01 |  Boxing
Watson agrees deal with Board
09 Oct 01 |  Boxing
Eubank's Watson pledge
13 Sep 01 |  Boxing
The Michael Watson Story
19 Dec 00 |  Other Sports
A damaging issue for sport
19 Dec 00 |  Other Sports
The fight that changed boxing
19 Dec 00 |  Other Sports
Boxing board loses appeal
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