The New York Boxing Commission stripped Pender of his title for not defending it against Dick Tiger.
Lipton, a former fighter noted for fast knockouts, was a principal sparring partner of 'Hurricane' Rubin Carter, Dick Tiger and many other world champions during his youth.
After a particularly brutal fight early in his career against Dick Tiger, Downes was asked who he wanted to fight next.
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DePaula lost to Charlie 'The Devil' Green by a second round stoppage in September 1967 but a winning streak of five bouts including knockouts over Juan 'Rocky' Rivero and Jimmy McDermott earned him a fight against Dick Tiger a former world middleweight and light heavyweight champion.