PS. I did not write the following but it gives you a good idea. They guy is ranting and it's in layman's terms.

Problem 1: Too Many Belts
There are too champions in the same weight classes because there are too many governing bodies, each with their own corruptible ranking systems that determine different number champions and number one contenders so you never really know who is the champ and who is the challenger. Long sentence, I know but I'm ranting so cut me some slack. In fact, I could go on and on about just this topic but remember the days when you could name the champions and challengers in each of the weight classes and debate match ups and fantasy fights? (Ok, maybe I'm the only one who did that.) Well now you can't even name the heavyweight champ or middleweight champ. The WBC champion is one guy, the IBF champion is another guy and the WBA guy is yet another guy. WBC champ may fight WBA champ but IBF guy has to fight another guy because if he doesn't fight some no name guy from Europe that somehow became a number one contender, he'll be stripped of his belt. It gives me a headache just writing about it, leading to a "who cares?" attitude. Belts mean nothing to me anymore so all I look for is a good one on one matchup, read the results and wait for the television replay a week later.

The Solution:
The sport really needs one top league, like the boxing equivalent of the NFL, NBA, or NHL. This league needs to be closely governed by an unbiased committee and corrupt promoters need to be kept out. Right now, it looks like the best option would be for either HBO or Showtime, the two major pay-per-view boxing providers, to form their own leagues and sign fighters, taking promoters and managers out of the picture and making and promoting matches in house.

Problem 2: Suspicious Decisions and Suspicious Referees
I don't know how many times I've watched a boxing match that was very one sided and heard a decision that just robbed the guy who should have won. I've also watched several fights where a referee did things like issue continual warnings to one fighter while letting the other fighter get away with lots of dirty tricks or stop a fight way too early.

The Solution:
See the solution to Problem 1.

Problem 3:

Entire Article:

http://blogcritics.org/archives/2005/12/12/032943.php

Peace