I thought this poster at another forum sum it up quite nicely.
I can understand where Lamont is coming from, but the real issue is with the sport of boxing and the niche (market) communities that follow the sport. From an economic stand point, at least in the U.S, the consumer (regardless of ethnicity) has access to any and all types of sports that are available on cable network/regular networks. Sports like Basketball, Baseball, and Football have a huge following because of the availability to watch in a consistent, cyclical basis providing any person (with a preference) the ability to follow an athlete (Terrel Owens, Ochocinco, Mark Sanchez, D.Wade, L. James) . More specifically, many "minorities" (i.e., Black, Hispanic, Non-white) follow those sports because ease of access. My theory is simply this, because the sport of boxing is offered in premium channels and is further exclusive with PPV for higher end fights, many people outside of the niche sport won't invest time (and money). Demand for the sport is inelastic.