
Originally Posted by
Scrap
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.
Bookmarks