THE BREAKDOWN OF A BOXERS PURSE!!

[leon9996]

profit of the show,you can only speak as you find. Ive known him really help fighters out of a hole and them returning the favour by shitting on him. I cant nock the man, Ive seen both sides ,

thanks for the help scrap,much appreciated

[SlipperDaRipper]

if a boxer gets 1 million, 25% goes to manager, 10% to trainer, if he's got a promoter he'll take a slice, training expenses sparring partners, bla bla bla, then after all that the tax man takes his cut which in the uk is 40% of whats left so from 1 million the fights left with about 250k-300k

But then if the manager only takes 10% and he is doing your promotions and the trainer takes between 5-10% then the corner get around 3%, will that work, if not then why? And don't the tax get taken before you actually get your purse? I'm asking this because I want to be boxer and I read that when Bernard Hopkins fought Jones Jr he got 700k and after everyones cut he was left with barely 50k
which scared me.

[fan johnny]

It really depends on how successful a fighter is and how binding his agreements are as he becomes more marketable. Hopkins is a bad example because he is at the end of his celebrity career and very high maintenance.

Because professional boxing has had a history of corruption, laws in the US were passed to protect the fighter from being screwed over. Many fighters use a manager some don't. To make a valid contract with a manager, it has to be signed in front of the commission and with a maximum of 33% that can go to the manager lasting a maximum of 4 years. His percentage is really determined by your agreement. Some managers are good, others are crap. Just because there are rules doesn't mean everyone is going to following them. A criminal doesn't care about the rules because he is not bound by them. So in reality laws are not really protection, they only give you a means to seek retribution. Professional Boxing is a form of entertainment, and you can view your career similar to an entertainer, although it is a combative sport.

[SlipperDaRipper]

It really depends on how successful a fighter is and how binding his agreements are as he becomes more marketable. Hopkins is a bad example because he is at the end of his celebrity career and very high maintenance.

Because professional boxing has had a history of corruption, laws in the US were passed to protect the fighter from being screwed over. Many fighters use a manager some don't. To make a valid contract with a manager, it has to be signed in front of the commission and with a maximum of 33% that can go to the manager lasting a maximum of 4 years. His percentage is really determined by your agreement. Some managers are good, others are crap. Just because there are rules doesn't mean everyone is going to following them. A criminal doesn't care about the rules because he is not bound by them. So in reality laws are not really protection, they only give you a means to seek retribution. Professional Boxing is a form of entertainment, and you can view your career similar to an entertainer, although it is a combative sport.

Yes but is it possible to have only 1 corner man who is also your coach and takes only 5-10% of the purse and then have 1 manager who is also is your promoter and takes 10-15% and he can also be your finacial adviser.
So say my purse was £10,000, takeaway 25% on manger and coach who also covers all the other jobs i have already mentioned. Then takeaway 40% on taxes leaves me to take home £4500. Is that correct?

[Kirkland Laing]

The deal with Frank, if he managed you was he took nothing if you boxed on his shows. plus you got top dollar for doing so. not sure if that still applys. He was always straight and honest in my dealings with him.

I remember reading an interview with Frank where he said that if boxers signed a contract with them he'd also manage them for free which saved the boxer 20% of his earnings. Maybe it was 25, it was a long time ago. The advantage for Frank in managing his fighters is that he can spped up or slow down their careers to suit how his promotional company is going, to fit in with his overall plans. Like currently he's got no headliners and guys like De Gale and Gavin are going to get fast tracked. If they had an independent manager the manager might want them brought along slower than Frank wants to do it. Also Frank might make a deal for a fighter with another promoter that's bad for the fighter but gets another of Frank's fighters a big fight with a fighter from the same promoter. And Frank probably has you on a long term contract so that if you suddenly start filling the MEM like Hatton Frank is paying you relative buttons and making a mint, a manager might have come in useful there so that Hatton got his value on a fight-by-fight basis. That's the seed of the bad blood between him and Hatton and why Hatton is now a promoter imnsho. There are a ton of ways it's bad for a promoter to also be a fighter's manager which is why it's illegal in the States. Frank seems to do a reasonably fair job of it however, he's definitely a bit of a cnut but compared to most people in boxing he's a vestal virgin.

As far a fighter's earnings go generally they pay tax on what's left after they pay everybody else. If the fighter has things sorted out correctly he could be paying as little as 30% (or 10% if he's a Warren fighter) off the top and paying tax on the rest.

British title fights, I'd guess the combined fighters' purse could be as little as £20 000 for let's say a Shinny Bayyar superfight at Rotherham Leisure Centre* up to maybe £60 or 70 000 combined purse for a heavyweight fight, with 75% going to the champ and 25% to the challenger. It means your average trainer in Britain is doing it for the love of the sport when you think about it. The average bloke doesn't even have one British champ so you can imagine how much a few 10%s of not much a year adds up to.



* Maybe a lot less. Face it, hire a venue pay for the ring, lighting, security, all the other stuff, sell 1000 tickets @ £20 a pop (1000 for Shinny?), lose 20% of that immediately in VAT, thousands for the hall/lighting etc. and you've got maybe ten thousand left. If there's no TV coverage and you take off a few quid for the promoter's cut maybe you've got ten thousand left and that's if you sell 1000 tickets or gross £20 thousand in ticket sales.

[SlipperDaRipper]

The deal with Frank, if he managed you was he took nothing if you boxed on his shows. plus you got top dollar for doing so. not sure if that still applys. He was always straight and honest in my dealings with him.

I remember reading an interview with Frank where he said that if boxers signed a contract with them he'd also manage them for free which saved the boxer 20% of his earnings. Maybe it was 25, it was a long time ago. The advantage for Frank in managing his fighters is that he can spped up or slow down their careers to suit how his promotional company is going, to fit in with his overall plans. Like currently he's got no headliners and guys like De Gale and Gavin are going to get fast tracked. If they had an independent manager the manager might want them brought along slower than Frank wants to do it. Also Frank might make a deal for a fighter with another promoter that's bad for the fighter but gets another of Frank's fighters a big fight with a fighter from the same promoter. And Frank probably has you on a long term contract so that if you suddenly start filling the MEM like Hatton Frank is paying you relative buttons and making a mint, a manager might have come in useful there so that Hatton got his value on a fight-by-fight basis. That's the seed of the bad blood between him and Hatton and why Hatton is now a promoter imnsho. There are a ton of ways it's bad for a promoter to also be a fighter's manager which is why it's illegal in the States. Frank seems to do a reasonably fair job of it however, he's definitely a bit of a cnut but compared to most people in boxing he's a vestal virgin.

As far a fighter's earnings go generally they pay tax on what's left after they pay everybody else. If the fighter has things sorted out correctly he could be paying as little as 30% (or 10% if he's a Warren fighter) off the top and paying tax on the rest.

British title fights, I'd guess the combined fighters' purse could be as little as £20 000 for let's say a Shinny Bayyar superfight at Rotherham Leisure Centre* up to maybe £60 or 70 000 combined purse for a heavyweight fight, with 75% going to the champ and 25% to the challenger. It means your average trainer in Britain is doing it for the love of the sport when you think about it. The average bloke doesn't even have one British champ so you can imagine how much a few 10%s of not much a year adds up to.



* Maybe a lot less. Face it, hire a venue pay for the ring, lighting, security, all the other stuff, sell 1000 tickets @ £20 a pop (1000 for Shinny?), lose 20% of that immediately in VAT, thousands for the hall/lighting etc. and you've got maybe ten thousand left. If there's no TV coverage and you take off a few quid for the promoter's cut maybe you've got ten thousand left and that's if you sell 1000 tickets or gross £20 thousand in ticket sales.

Yes let just start off here: The fighter just got his purse lets say he got 200k, who does he pay specifically because he cant just pay his manager there alot of people that help the corner lot and the coach (let's say he has no sparring parters and lives with his parents and somehow trains at his local gym for free) how much is is his cut out of 200k.

[Kirkland Laing]

The deal with Frank, if he managed you was he took nothing if you boxed on his shows. plus you got top dollar for doing so. not sure if that still applys. He was always straight and honest in my dealings with him.

I remember reading an interview with Frank where he said that if boxers signed a contract with them he'd also manage them for free which saved the boxer 20% of his earnings. Maybe it was 25, it was a long time ago. The advantage for Frank in managing his fighters is that he can spped up or slow down their careers to suit how his promotional company is going, to fit in with his overall plans. Like currently he's got no headliners and guys like De Gale and Gavin are going to get fast tracked. If they had an independent manager the manager might want them brought along slower than Frank wants to do it. Also Frank might make a deal for a fighter with another promoter that's bad for the fighter but gets another of Frank's fighters a big fight with a fighter from the same promoter. And Frank probably has you on a long term contract so that if you suddenly start filling the MEM like Hatton Frank is paying you relative buttons and making a mint, a manager might have come in useful there so that Hatton got his value on a fight-by-fight basis. That's the seed of the bad blood between him and Hatton and why Hatton is now a promoter imnsho. There are a ton of ways it's bad for a promoter to also be a fighter's manager which is why it's illegal in the States. Frank seems to do a reasonably fair job of it however, he's definitely a bit of a cnut but compared to most people in boxing he's a vestal virgin.

As far a fighter's earnings go generally they pay tax on what's left after they pay everybody else. If the fighter has things sorted out correctly he could be paying as little as 30% (or 10% if he's a Warren fighter) off the top and paying tax on the rest.

British title fights, I'd guess the combined fighters' purse could be as little as £20 000 for let's say a Shinny Bayyar superfight at Rotherham Leisure Centre* up to maybe £60 or 70 000 combined purse for a heavyweight fight, with 75% going to the champ and 25% to the challenger. It means your average trainer in Britain is doing it for the love of the sport when you think about it. The average bloke doesn't even have one British champ so you can imagine how much a few 10%s of not much a year adds up to.



* Maybe a lot less. Face it, hire a venue pay for the ring, lighting, security, all the other stuff, sell 1000 tickets @ £20 a pop (1000 for Shinny?), lose 20% of that immediately in VAT, thousands for the hall/lighting etc. and you've got maybe ten thousand left. If there's no TV coverage and you take off a few quid for the promoter's cut maybe you've got ten thousand left and that's if you sell 1000 tickets or gross £20 thousand in ticket sales.

Yes let just start off here: The fighter just got his purse lets say he got 200k, who does he pay specifically because he cant just pay his manager there alot of people that help the corner lot and the coach (let's say he has no sparring parters and lives with his parents and somehow trains at his local gym for free) how much is is his cut out of 200k.

Mick Williamson is the best cutman in the country and he charges £200 a fight. A lot of sparring partners will travel and fight for expenses just to get the sparring, eg Darren Barker going to Monaco to spar with Kessler, or top guys spar with each other before respective fights eg. Froch and Pascal, Manny and Khan. I mean how much is it worth for a prospect to spar Manny? There'd be hundreds of guys who'd fly to LA for free to spar with him. A £200 000 purse is world title level money so yeah after the 10-30% comes off and incidentals like cutmen there'd probably be a chunk for sparring partners, maybe £10 000. But for a British-level fight it would be closer to 10% of that, if that. Let's say it's a Warren fighter, he pays his trainder twenty thousand, 180 left. All other expenses £10-15000, 165 left. 50% tax on everything you make over 25000ish, 80 000 clear.

[SlipperDaRipper]

The deal with Frank, if he managed you was he took nothing if you boxed on his shows. plus you got top dollar for doing so. not sure if that still applys. He was always straight and honest in my dealings with him.

I remember reading an interview with Frank where he said that if boxers signed a contract with them he'd also manage them for free which saved the boxer 20% of his earnings. Maybe it was 25, it was a long time ago. The advantage for Frank in managing his fighters is that he can spped up or slow down their careers to suit how his promotional company is going, to fit in with his overall plans. Like currently he's got no headliners and guys like De Gale and Gavin are going to get fast tracked. If they had an independent manager the manager might want them brought along slower than Frank wants to do it. Also Frank might make a deal for a fighter with another promoter that's bad for the fighter but gets another of Frank's fighters a big fight with a fighter from the same promoter. And Frank probably has you on a long term contract so that if you suddenly start filling the MEM like Hatton Frank is paying you relative buttons and making a mint, a manager might have come in useful there so that Hatton got his value on a fight-by-fight basis. That's the seed of the bad blood between him and Hatton and why Hatton is now a promoter imnsho. There are a ton of ways it's bad for a promoter to also be a fighter's manager which is why it's illegal in the States. Frank seems to do a reasonably fair job of it however, he's definitely a bit of a cnut but compared to most people in boxing he's a vestal virgin.

As far a fighter's earnings go generally they pay tax on what's left after they pay everybody else. If the fighter has things sorted out correctly he could be paying as little as 30% (or 10% if he's a Warren fighter) off the top and paying tax on the rest.

British title fights, I'd guess the combined fighters' purse could be as little as £20 000 for let's say a Shinny Bayyar superfight at Rotherham Leisure Centre* up to maybe £60 or 70 000 combined purse for a heavyweight fight, with 75% going to the champ and 25% to the challenger. It means your average trainer in Britain is doing it for the love of the sport when you think about it. The average bloke doesn't even have one British champ so you can imagine how much a few 10%s of not much a year adds up to.



* Maybe a lot less. Face it, hire a venue pay for the ring, lighting, security, all the other stuff, sell 1000 tickets @ £20 a pop (1000 for Shinny?), lose 20% of that immediately in VAT, thousands for the hall/lighting etc. and you've got maybe ten thousand left. If there's no TV coverage and you take off a few quid for the promoter's cut maybe you've got ten thousand left and that's if you sell 1000 tickets or gross £20 thousand in ticket sales.

Yes let just start off here: The fighter just got his purse lets say he got 200k, who does he pay specifically because he cant just pay his manager there alot of people that help the corner lot and the coach (let's say he has no sparring parters and lives with his parents and somehow trains at his local gym for free) how much is is his cut out of 200k.

Mick Williamson is the best cutman in the country and he charges £200 a fight. A lot of sparring partners will travel and fight for expenses just to get the sparring, eg Darren Barker going to Monaco to spar with Kessler, or top guys spar with each other before respective fights eg. Froch and Pascal, Manny and Khan. I mean how much is it worth for a prospect to spar Manny? There'd be hundreds of guys who'd fly to LA for free to spar with him. A £200 000 purse is world title level money so yeah after the 10-30% comes off and incidentals like cutmen there'd probably be a chunk for sparring partners, maybe £10 000. But for a British-level fight it would be closer to 10% of that, if that. Let's say it's a Warren fighter, he pays his trainder twenty thousand, 180 left. All other expenses £10-15000, 165 left. 50% tax on everything you make over 25000ish, 80 000 clear.

It's actually £99,000 that you take home because tax in the UK is 40% not 50%

[Kirkland Laing]

The deal with Frank, if he managed you was he took nothing if you boxed on his shows. plus you got top dollar for doing so. not sure if that still applys. He was always straight and honest in my dealings with him.

I remember reading an interview with Frank where he said that if boxers signed a contract with them he'd also manage them for free which saved the boxer 20% of his earnings. Maybe it was 25, it was a long time ago. The advantage for Frank in managing his fighters is that he can spped up or slow down their careers to suit how his promotional company is going, to fit in with his overall plans. Like currently he's got no headliners and guys like De Gale and Gavin are going to get fast tracked. If they had an independent manager the manager might want them brought along slower than Frank wants to do it. Also Frank might make a deal for a fighter with another promoter that's bad for the fighter but gets another of Frank's fighters a big fight with a fighter from the same promoter. And Frank probably has you on a long term contract so that if you suddenly start filling the MEM like Hatton Frank is paying you relative buttons and making a mint, a manager might have come in useful there so that Hatton got his value on a fight-by-fight basis. That's the seed of the bad blood between him and Hatton and why Hatton is now a promoter imnsho. There are a ton of ways it's bad for a promoter to also be a fighter's manager which is why it's illegal in the States. Frank seems to do a reasonably fair job of it however, he's definitely a bit of a cnut but compared to most people in boxing he's a vestal virgin.

As far a fighter's earnings go generally they pay tax on what's left after they pay everybody else. If the fighter has things sorted out correctly he could be paying as little as 30% (or 10% if he's a Warren fighter) off the top and paying tax on the rest.

British title fights, I'd guess the combined fighters' purse could be as little as £20 000 for let's say a Shinny Bayyar superfight at Rotherham Leisure Centre* up to maybe £60 or 70 000 combined purse for a heavyweight fight, with 75% going to the champ and 25% to the challenger. It means your average trainer in Britain is doing it for the love of the sport when you think about it. The average bloke doesn't even have one British champ so you can imagine how much a few 10%s of not much a year adds up to.



* Maybe a lot less. Face it, hire a venue pay for the ring, lighting, security, all the other stuff, sell 1000 tickets @ £20 a pop (1000 for Shinny?), lose 20% of that immediately in VAT, thousands for the hall/lighting etc. and you've got maybe ten thousand left. If there's no TV coverage and you take off a few quid for the promoter's cut maybe you've got ten thousand left and that's if you sell 1000 tickets or gross £20 thousand in ticket sales.

Yes let just start off here: The fighter just got his purse lets say he got 200k, who does he pay specifically because he cant just pay his manager there alot of people that help the corner lot and the coach (let's say he has no sparring parters and lives with his parents and somehow trains at his local gym for free) how much is is his cut out of 200k.

Mick Williamson is the best cutman in the country and he charges £200 a fight. A lot of sparring partners will travel and fight for expenses just to get the sparring, eg Darren Barker going to Monaco to spar with Kessler, or top guys spar with each other before respective fights eg. Froch and Pascal, Manny and Khan. I mean how much is it worth for a prospect to spar Manny? There'd be hundreds of guys who'd fly to LA for free to spar with him. A £200 000 purse is world title level money so yeah after the 10-30% comes off and incidentals like cutmen there'd probably be a chunk for sparring partners, maybe £10 000. But for a British-level fight it would be closer to 10% of that, if that. Let's say it's a Warren fighter, he pays his trainder twenty thousand, 180 left. All other expenses £10-15000, 165 left. 50% tax on everything you make over 25000ish, 80 000 clear.

It's actually £99,000 that you take home because tax in the UK is 40% not 50%

It's 50, trust me.

[El Kabong]

It's 50, trust me.

And is that a good thing or a bad thing?