Quote Originally Posted by p4pking View Post
So many people in all walks of life are fleeced in a systematic manner though, one way or another I can agree with the idea, a portion of each purse or sanctioning fee etc would certainly make sense. That's also a fine line as there is no central governing body, It could just add to the ways in which fighters can get dicked around since the money is still coming from their pockets really.

Take Riddick Bowe specifically though was my thinking, is it sad that he's now having to fight for money? I say fuck no, and it bothers me when people harp on about guys in that situation as if it's a travesty. If he hadn't happened to be good at beating people up he'd probably have been locked up years ago for being such a shitty person, yet he happened to make millions of dollars instead. The fact that he was to stupid not to know that he shouldn't I don't know.. maybe start a mutual fund or something, makes it far more ridiculous than sad.
Boxers are like everyone else, they don't plan ahead--should say too many don't--and wind up in too many court rooms, paying alimony and child support.
I'm not making excuses for these guys, but having big money seems to kick a lot of brains into neutral, they don't want to remember the
past, and can't look to the future. The career ends, the money runs out, they're screwed.
American Pro football rookies are required to take financial planning classes and 78.9% wind up broke or in financial trouble after their career is over. Don't believe me, Google it.
What the WBC did is good, it's too bad every sanctioning body isn't doing the same thing, just like IamInuit said. I think the WBC is looking at individual cases--could be wrong--and providing assistance as needed from a central fund. It's a big step in the right direction.
I feel for Bowe, it's a shame.
Even if the money is eventually deducted from the boxer's pay, there should be a payment plan set up, because it's plain to see these guys can't manage their money.