1. Send the people running the sanctioning bodies to Guantanamo. Have one set of titles/ratings which can be run by a nonprofit organisation that can take sanctioning fees to be used only to set up a pension fund for retired boxers. The people running the nonprofit can be retired boxers. Only one title per division means everybody knows who the world champ is and when the casual fan is watching a world title fight he knows it's legit. The importance of that can't be overestimated.

2. Don't sanction any fight on pay TV, even HBO or Showtime. Fights have to be on free-to-air national TV only. That way you get huge public interest back in boxing. The only country that still does free-to-air is Germany where boxing is huge. It used to be free-to-air in Britain before satellite TV came along and interest was huge then too. Do it in America and you'd have a massive sport again, with huge public interest in fights and fighters. Hidden away on HBO nobody knows them. It's only the very elite fighters who make money from PPV anyway. If they were on free-to-air they'd lose a lot of earning power but they'd have a national profile so they'd make money from sponsorship and endorsements. The top guys would still make millions so nobody loses and everybody wins.