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So the cartel continues.Quote:
Originally Posted by Hulk
Quote:
Originally Posted by Tam Seddon
R.I.P. doesn't seem like he was an honest guy, but least he did set up some pensions and such for down and out fighters.
I'd say since I've read his son will be taking over that it will be business as usual.
RIP :nopity:
Even though Sulaiman was a crook, he was still somebody's son, husband and father..
RIP
Rest in peace..
Quote:
Originally Posted by FinitoElDinamita
You're right on all counts. I could never stand Sulaiman for his crookedness and bias toward Mexican fighters. But he was a human being with family. I'm glad he's no longer WBC president, but I'm not glad he's dead.
On the other hand, nothing will change in the WBC. His son will take over and the crookedness and bias will continue for many more years to come.
The WBC take a cut from fighters' purses. I agree that promoters and maybe even managers should pay something towards looking after retired fighters but the WBC makes a living renting $20 weightlifting belts to fighters with zero financial risk. They also take money from promoters to get their guys ranked and for eventual title shots. Sulaiman even used to go to fighters after they'd won and ask them for their trunks, gloves, even wraps which then used to end up on the memorabilia market. Throwing out a few dollars to buy themselves some cheap credibility by helping the occasional fighter doesn't change the nature of what they do.Quote:
Originally Posted by Violent DemiseEvery organization takes out sanction fees. That's nothing new. Nor is it illegal. And while I feel retired boxers should get more help it's really not the organizations job to help them out. Retired boxers should be looked out by there promotors and managers. The muthafukkas who actually take a cut from a fighters purseQuote:
Originally Posted by Kirkland LaingThe amount he paid out to help sick boxers was a tiny percentage of his turnover. He took three or four percent of all their WBC title purses and every other boxer who fights for a WBC title. If you took that money and funnelled it through a nonprofit sanctioning body that spent it all on looking after retired boxers then they'd be able to hire ten or thirty times more boxers.Quote:
Originally Posted by Violent DemiseHe help pay for a lot of Genero Hernandez medical expensives when he got sick.Quote:
Originally Posted by bzkfn
All these sanctioning bodies are just racketeering enterprises. They're all headquartered in Panama or the Dominican Republic where they don't have to produce publicly available audited company accounts. There's a reason for that.
Only if they fight for the WBC title. If not the WBC gets nothing. And it's just the sanction fees. It's not an actual cut from the fighters purse. People dislike the sanction fees. But what are they suppose to do? Let them fight for the title for free? That's unrealistic. The WBC is a ranking organization. But it's also a business. It needs to make money some howQuote:
Originally Posted by Kirkland LaingThe WBC take a cut from fighters' purses. I agree that promoters and maybe even managers should pay something towards looking after retired fighters but the WBC makes a living renting $20 weightlifting belts to fighters with zero financial risk. They also take money from promoters to get their guys ranked and for eventual title shots. Sulaiman even used to go to fighters after they'd won and ask them for their trunks, gloves, even wraps which then used to end up on the memorabilia market. Throwing out a few dollars to buy themselves some cheap credibility by helping the occasional fighter doesn't change the nature of what they do.Quote:
Originally Posted by Violent DemiseEvery organization takes out sanction fees. That's nothing new. Nor is it illegal. And while I feel retired boxers should get more help it's really not the organizations job to help them out. Retired boxers should be looked out by there promotors and managers. The muthafukkas who actually take a cut from a fighters purseQuote:
Originally Posted by Kirkland LaingThe amount he paid out to help sick boxers was a tiny percentage of his turnover. He took three or four percent of all their WBC title purses and every other boxer who fights for a WBC title. If you took that money and funnelled it through a nonprofit sanctioning body that spent it all on looking after retired boxers then they'd be able to hire ten or thirty times more boxers.Quote:
Originally Posted by Violent DemiseHe help pay for a lot of Genero Hernandez medical expensives when he got sick.Quote:
Originally Posted by bzkfn
All these sanctioning bodies are just racketeering enterprises. They're all headquartered in Panama or the Dominican Republic where they don't have to produce publicly available audited company accounts. There's a reason for that.
Their sanctioning fees are three or four percent of each fighter's purse.Quote:
Originally Posted by Violent DemiseOnly if they fight for the WBC title. If not the WBC gets nothing. And it's just the sanction fees. It's not an actual cut from the fighters purse. People dislike the sanction fees. But what are they suppose to do? Let them fight for the title for free? That's unrealistic. The WBC is a ranking organization. But it's also a business. It needs to make money some howQuote:
Originally Posted by Kirkland LaingThe WBC take a cut from fighters' purses. I agree that promoters and maybe even managers should pay something towards looking after retired fighters but the WBC makes a living renting $20 weightlifting belts to fighters with zero financial risk. They also take money from promoters to get their guys ranked and for eventual title shots. Sulaiman even used to go to fighters after they'd won and ask them for their trunks, gloves, even wraps which then used to end up on the memorabilia market. Throwing out a few dollars to buy themselves some cheap credibility by helping the occasional fighter doesn't change the nature of what they do.Quote:
Originally Posted by Violent DemiseEvery organization takes out sanction fees. That's nothing new. Nor is it illegal. And while I feel retired boxers should get more help it's really not the organizations job to help them out. Retired boxers should be looked out by there promotors and managers. The muthafukkas who actually take a cut from a fighters purseQuote:
Originally Posted by Kirkland LaingThe amount he paid out to help sick boxers was a tiny percentage of his turnover. He took three or four percent of all their WBC title purses and every other boxer who fights for a WBC title. If you took that money and funnelled it through a nonprofit sanctioning body that spent it all on looking after retired boxers then they'd be able to hire ten or thirty times more boxers.Quote:
Originally Posted by Violent DemiseHe help pay for a lot of Genero Hernandez medical expensives when he got sick.Quote:
Originally Posted by bzkfn
All these sanctioning bodies are just racketeering enterprises. They're all headquartered in Panama or the Dominican Republic where they don't have to produce publicly available audited company accounts. There's a reason for that.
A private enterprise shouldn't be a sanctioning body or you end up with totally corrupt enterprises like the WBC/IBF/WBA etc. It should be a nonprofit body so that money can't play any part in ranking decisions or anything else.
Agreed .... let at least a month passQuote:
Originally Posted by FinitoElDinamita
Who the fuck would waste there time with any non-profit? Nobody eats with non-profit. Fuck non-profit. Like I said before the WBC is a business. It needs to make moneyQuote:
Originally Posted by Kirkland LaingTheir sanctioning fees are three or four percent of each fighter's purse.Quote:
Originally Posted by Violent DemiseOnly if they fight for the WBC title. If not the WBC gets nothing. And it's just the sanction fees. It's not an actual cut from the fighters purse. People dislike the sanction fees. But what are they suppose to do? Let them fight for the title for free? That's unrealistic. The WBC is a ranking organization. But it's also a business. It needs to make money some howQuote:
Originally Posted by Kirkland LaingThe WBC take a cut from fighters' purses. I agree that promoters and maybe even managers should pay something towards looking after retired fighters but the WBC makes a living renting $20 weightlifting belts to fighters with zero financial risk. They also take money from promoters to get their guys ranked and for eventual title shots. Sulaiman even used to go to fighters after they'd won and ask them for their trunks, gloves, even wraps which then used to end up on the memorabilia market. Throwing out a few dollars to buy themselves some cheap credibility by helping the occasional fighter doesn't change the nature of what they do.Quote:
Originally Posted by Violent DemiseEvery organization takes out sanction fees. That's nothing new. Nor is it illegal. And while I feel retired boxers should get more help it's really not the organizations job to help them out. Retired boxers should be looked out by there promotors and managers. The muthafukkas who actually take a cut from a fighters purseQuote:
Originally Posted by Kirkland LaingThe amount he paid out to help sick boxers was a tiny percentage of his turnover. He took three or four percent of all their WBC title purses and every other boxer who fights for a WBC title. If you took that money and funnelled it through a nonprofit sanctioning body that spent it all on looking after retired boxers then they'd be able to hire ten or thirty times more boxers.Quote:
Originally Posted by Violent DemiseHe help pay for a lot of Genero Hernandez medical expensives when he got sick.Quote:
Originally Posted by bzkfn
All these sanctioning bodies are just racketeering enterprises. They're all headquartered in Panama or the Dominican Republic where they don't have to produce publicly available audited company accounts. There's a reason for that.
A private enterprise shouldn't be a sanctioning body or you end up with totally corrupt enterprises like the WBC/IBF/WBA etc. It should be a nonprofit body so that money can't play any part in ranking decisions or anything else.
The absolute last thing an actual world boxing sanctioning body needs to make is money. The fact that the current ones exist to make money is why boxing is in the state it's in now.Quote:
Originally Posted by Violent DemiseWho the fuck would waste there time with any non-profit? Nobody eats with non-profit. Fuck non-profit. Like I said before the WBC is a business. It needs to make moneyQuote:
Originally Posted by Kirkland LaingTheir sanctioning fees are three or four percent of each fighter's purse.Quote:
Originally Posted by Violent DemiseOnly if they fight for the WBC title. If not the WBC gets nothing. And it's just the sanction fees. It's not an actual cut from the fighters purse. People dislike the sanction fees. But what are they suppose to do? Let them fight for the title for free? That's unrealistic. The WBC is a ranking organization. But it's also a business. It needs to make money some howQuote:
Originally Posted by Kirkland LaingThe WBC take a cut from fighters' purses. I agree that promoters and maybe even managers should pay something towards looking after retired fighters but the WBC makes a living renting $20 weightlifting belts to fighters with zero financial risk. They also take money from promoters to get their guys ranked and for eventual title shots. Sulaiman even used to go to fighters after they'd won and ask them for their trunks, gloves, even wraps which then used to end up on the memorabilia market. Throwing out a few dollars to buy themselves some cheap credibility by helping the occasional fighter doesn't change the nature of what they do.Quote:
Originally Posted by Violent DemiseEvery organization takes out sanction fees. That's nothing new. Nor is it illegal. And while I feel retired boxers should get more help it's really not the organizations job to help them out. Retired boxers should be looked out by there promotors and managers. The muthafukkas who actually take a cut from a fighters purseQuote:
Originally Posted by Kirkland LaingThe amount he paid out to help sick boxers was a tiny percentage of his turnover. He took three or four percent of all their WBC title purses and every other boxer who fights for a WBC title. If you took that money and funnelled it through a nonprofit sanctioning body that spent it all on looking after retired boxers then they'd be able to hire ten or thirty times more boxers.Quote:
Originally Posted by Violent DemiseHe help pay for a lot of Genero Hernandez medical expensives when he got sick.Quote:
Originally Posted by bzkfn
All these sanctioning bodies are just racketeering enterprises. They're all headquartered in Panama or the Dominican Republic where they don't have to produce publicly available audited company accounts. There's a reason for that.
A private enterprise shouldn't be a sanctioning body or you end up with totally corrupt enterprises like the WBC/IBF/WBA etc. It should be a nonprofit body so that money can't play any part in ranking decisions or anything else.
The profits are put back into the organisation, employees are paid, it does work because it will be a credible organisation.Quote:
Originally Posted by Kirkland LaingThe absolute last thing an actual world boxing sanctioning body needs to make is money. The fact that the current ones exist to make money is why boxing is in the state it's in now.Quote:
Originally Posted by Violent DemiseWho the fuck would waste there time with any non-profit? Nobody eats with non-profit. Fuck non-profit. Like I said before the WBC is a business. It needs to make moneyQuote:
Originally Posted by Kirkland LaingTheir sanctioning fees are three or four percent of each fighter's purse.Quote:
Originally Posted by Violent DemiseOnly if they fight for the WBC title. If not the WBC gets nothing. And it's just the sanction fees. It's not an actual cut from the fighters purse. People dislike the sanction fees. But what are they suppose to do? Let them fight for the title for free? That's unrealistic. The WBC is a ranking organization. But it's also a business. It needs to make money some howQuote:
Originally Posted by Kirkland LaingThe WBC take a cut from fighters' purses. I agree that promoters and maybe even managers should pay something towards looking after retired fighters but the WBC makes a living renting $20 weightlifting belts to fighters with zero financial risk. They also take money from promoters to get their guys ranked and for eventual title shots. Sulaiman even used to go to fighters after they'd won and ask them for their trunks, gloves, even wraps which then used to end up on the memorabilia market. Throwing out a few dollars to buy themselves some cheap credibility by helping the occasional fighter doesn't change the nature of what they do.Quote:
Originally Posted by Violent DemiseEvery organization takes out sanction fees. That's nothing new. Nor is it illegal. And while I feel retired boxers should get more help it's really not the organizations job to help them out. Retired boxers should be looked out by there promotors and managers. The muthafukkas who actually take a cut from a fighters purseQuote:
Originally Posted by Kirkland LaingThe amount he paid out to help sick boxers was a tiny percentage of his turnover. He took three or four percent of all their WBC title purses and every other boxer who fights for a WBC title. If you took that money and funnelled it through a nonprofit sanctioning body that spent it all on looking after retired boxers then they'd be able to hire ten or thirty times more boxers.Quote:
Originally Posted by Violent DemiseHe help pay for a lot of Genero Hernandez medical expensives when he got sick.Quote:
Originally Posted by bzkfn
All these sanctioning bodies are just racketeering enterprises. They're all headquartered in Panama or the Dominican Republic where they don't have to produce publicly available audited company accounts. There's a reason for that.
A private enterprise shouldn't be a sanctioning body or you end up with totally corrupt enterprises like the WBC/IBF/WBA etc. It should be a nonprofit body so that money can't play any part in ranking decisions or anything else.
;DQuote:
Originally Posted by MasterThe profits are put back into the organisation, employees are paid, it does work because it will be a credible organisation.Quote:
Originally Posted by Kirkland LaingThe absolute last thing an actual world boxing sanctioning body needs to make is money. The fact that the current ones exist to make money is why boxing is in the state it's in now.Quote:
Originally Posted by Violent DemiseWho the fuck would waste there time with any non-profit? Nobody eats with non-profit. Fuck non-profit. Like I said before the WBC is a business. It needs to make moneyQuote:
Originally Posted by Kirkland LaingTheir sanctioning fees are three or four percent of each fighter's purse.Quote:
Originally Posted by Violent DemiseOnly if they fight for the WBC title. If not the WBC gets nothing. And it's just the sanction fees. It's not an actual cut from the fighters purse. People dislike the sanction fees. But what are they suppose to do? Let them fight for the title for free? That's unrealistic. The WBC is a ranking organization. But it's also a business. It needs to make money some howQuote:
Originally Posted by Kirkland LaingThe WBC take a cut from fighters' purses. I agree that promoters and maybe even managers should pay something towards looking after retired fighters but the WBC makes a living renting $20 weightlifting belts to fighters with zero financial risk. They also take money from promoters to get their guys ranked and for eventual title shots. Sulaiman even used to go to fighters after they'd won and ask them for their trunks, gloves, even wraps which then used to end up on the memorabilia market. Throwing out a few dollars to buy themselves some cheap credibility by helping the occasional fighter doesn't change the nature of what they do.Quote:
Originally Posted by Violent DemiseEvery organization takes out sanction fees. That's nothing new. Nor is it illegal. And while I feel retired boxers should get more help it's really not the organizations job to help them out. Retired boxers should be looked out by there promotors and managers. The muthafukkas who actually take a cut from a fighters purseQuote:
Originally Posted by Kirkland LaingThe amount he paid out to help sick boxers was a tiny percentage of his turnover. He took three or four percent of all their WBC title purses and every other boxer who fights for a WBC title. If you took that money and funnelled it through a nonprofit sanctioning body that spent it all on looking after retired boxers then they'd be able to hire ten or thirty times more boxers.Quote:
Originally Posted by Violent DemiseHe help pay for a lot of Genero Hernandez medical expensives when he got sick.Quote:
Originally Posted by bzkfn
All these sanctioning bodies are just racketeering enterprises. They're all headquartered in Panama or the Dominican Republic where they don't have to produce publicly available audited company accounts. There's a reason for that.
A private enterprise shouldn't be a sanctioning body or you end up with totally corrupt enterprises like the WBC/IBF/WBA etc. It should be a nonprofit body so that money can't play any part in ranking decisions or anything else.
Arrest The Alphabet Bandits
Boxing's robber-baron governing bodies are ripping off both the fighters and the fans
Pat Putnam
It's hard to believe what boxing's governing bodies, the World Boxing Association, the World Boxing Council and the International Boxing Federation, get away with these days. In most parts of the world it's called extortion. The WBA, WBC and IBF—the Alphabet Bandits, if you will—rake in millions with a scam in which boxers are assessed hefty "sanction fees" for the right to fight for championship belts handed out by the governing bodies.
Only 20 years ago the WBA and the WBC (the IBF didn't exist until 1983) were delighted just to cadge a few free tickets to a bout in exchange for sanctioning it. However, that was before network television—looking to deflect the ire of viewers for broadcasting dreadful mismatches disguised as championship fights—made the WBA and WBC important and, worse, arrogant. The networks said to the fight promoters, "No sanction, no money."
The promoters were suddenly at the mercy of the WBA and WBC. Sanction fees, once little more than service charges to pay for paperwork, skyrocketed. Until recently the WBC was happy to take 3% of the fighters' purses in any bout for a WBC title, with a $150,000 maximum for each boxer—the same rate still assessed by the WBA for a championship bout. (The IBF charges 2%, with the same lofty $150,000 ceiling.) Now the WBC demands 3% with no ceiling.
In the case of the Evander Holyfield-Larry Holmes heavyweight title light, scheduled for June 19, all three organizations will get to collect from both boxers because Holyfield is recognized as the universal champion. Thus the WBC is demanding that Holyfield surrender 3% of his $15 million purse ($450,000), while the WBA and IBF want another $150,000 apiece from him. What's more, all three organizations are demanding $100,000 apiece from Holmes, whose purse is being listed as $3 million. That's a total of $1,150,000 in sanction fees.
Had the Holy field-Mike Tyson fight come off, the combined sanction fees would have been $1,965,000, including $1,356,000 to the WBC alone. And here's the topper: For reasons known only to God and the IRS, the three members of boxing's cartel are supposedly nonprofit organizations, so all this booty is tax-free.
Mama, I'm not a WBC, WBA or IBF official, honest; I'm playing piano in a whorehouse.
Another result of the reliance on these sanctioning bodies was the creation of myriad new weight divisions—so there could be more championship lights and more money for the Alphabet Bandits. This watered down the sport with dozens of mediocre champions. The last time I counted, there were 48 of them in 17 divisions.
But that's not all. Lately the WBA, ever the Machiavellian innovator, has been assessing "special fees." For instance:
In December the WBA stripped Mike McCallum of his middleweight crown because he refused to hand over $115,000 of the $500,000 purse he had received for lighting James Toney. Fifteen thousand was the usual 3% sanction fee. The other $100,000 was tacked on because McCallum had fought Toney, the IBF middleweight champ, instead of the WBA's designated challenger, Steve Collins, whom McCallum had previously defeated.
Two weeks ago, when WBA welterweight champ Meldrick Taylor fought Terry Norris for Norris's WBC super welterweight title, the WBA demanded a $30,000 fee from Taylor even though the bout didn't require the WBA's sanction. If Taylor didn't pay the $30,000, the WBA said, it would strip him of his crown. Taylor, who was already forking over $30,000 of his $1 million purse to the WBC, paid up.
Boxing's robber-baron governing bodies are ripping off - 05.25.92 - SI Vault
This was long before they came up with Super, silver, diamond, interim, regular, junior, asia, europe, americas etc. Mental. :)
That's gotta the dumbest thing I ever read. So you telling me everything must be paid for out of there pockets? They have to crown champions and rank fighters for free? Are you fucking kidding me? If it's that easy why don't you go fucking do it? Go make a championship belt for each divsion and pay for it out your own pocket. Go around the world watching fights and ranking fighters. Pay for it out your own pocket. Sponsor and host events and pay for it all yourself. If you need help, hire some employees. But let them know they working for free cuz you can't make any money out of this.Quote:
Originally Posted by Kirkland LaingThe absolute last thing an actual world boxing sanctioning body needs to make is money. The fact that the current ones exist to make money is why boxing is in the state it's in now.Quote:
Originally Posted by Violent DemiseWho the fuck would waste there time with any non-profit? Nobody eats with non-profit. Fuck non-profit. Like I said before the WBC is a business. It needs to make moneyQuote:
Originally Posted by Kirkland LaingTheir sanctioning fees are three or four percent of each fighter's purse.Quote:
Originally Posted by Violent DemiseOnly if they fight for the WBC title. If not the WBC gets nothing. And it's just the sanction fees. It's not an actual cut from the fighters purse. People dislike the sanction fees. But what are they suppose to do? Let them fight for the title for free? That's unrealistic. The WBC is a ranking organization. But it's also a business. It needs to make money some howQuote:
Originally Posted by Kirkland LaingThe WBC take a cut from fighters' purses. I agree that promoters and maybe even managers should pay something towards looking after retired fighters but the WBC makes a living renting $20 weightlifting belts to fighters with zero financial risk. They also take money from promoters to get their guys ranked and for eventual title shots. Sulaiman even used to go to fighters after they'd won and ask them for their trunks, gloves, even wraps which then used to end up on the memorabilia market. Throwing out a few dollars to buy themselves some cheap credibility by helping the occasional fighter doesn't change the nature of what they do.Quote:
Originally Posted by Violent DemiseEvery organization takes out sanction fees. That's nothing new. Nor is it illegal. And while I feel retired boxers should get more help it's really not the organizations job to help them out. Retired boxers should be looked out by there promotors and managers. The muthafukkas who actually take a cut from a fighters purseQuote:
Originally Posted by Kirkland LaingThe amount he paid out to help sick boxers was a tiny percentage of his turnover. He took three or four percent of all their WBC title purses and every other boxer who fights for a WBC title. If you took that money and funnelled it through a nonprofit sanctioning body that spent it all on looking after retired boxers then they'd be able to hire ten or thirty times more boxers.Quote:
Originally Posted by Violent DemiseHe help pay for a lot of Genero Hernandez medical expensives when he got sick.Quote:
Originally Posted by bzkfn
All these sanctioning bodies are just racketeering enterprises. They're all headquartered in Panama or the Dominican Republic where they don't have to produce publicly available audited company accounts. There's a reason for that.
A private enterprise shouldn't be a sanctioning body or you end up with totally corrupt enterprises like the WBC/IBF/WBA etc. It should be a nonprofit body so that money can't play any part in ranking decisions or anything else.