Quote Originally Posted by Ron Swanson View Post
GBP needs a lawyer as a partner rather than hiring because they are about to waste a lot of money misunderstanding the Ali Act.
That makes no sense what so ever. The act is clear in SEC. 5. CONFLICT OF INTEREST.

Section 17 of the Professional Boxing Safety Act of 1996 (15 U.S.C. 630 (as redesignated by section 4 of this Act) is amended--

(1) in the first sentence by striking ‘No member’ and inserting ‘(a) REGULATORY PERSONNEL- No member’; and

(2) by adding at the end the following:

‘(b) FIREWALL BETWEEN PROMOTERS AND MANAGERS-

‘(1) IN GENERAL- It is unlawful for--

‘(A) a promoter to have a direct or indirect financial interest in the management of a boxer; or

‘(B) a manager--

‘(i) to have a direct or indirect financial interest in the promotion of a boxer; or

‘(ii) to be employed by or receive compensation or other benefits from a promoter, except for amounts received as consideration under the manager’s contract with the boxer.

‘(2) EXCEPTIONS- Paragraph (1)--

‘(A) does not prohibit a boxer from acting as his own promoter or manager; and

‘(B) only applies to boxers participating in a boxing match of 10 rounds or more.