Why not split the weights into divisions like foootball?
It would work like this:
Supermiddleweight:
top 10 fighters would fight in a tournament in the premier division, next 10 in second division and so on and so on.
You would have boxing weekends every month featuring a divison of boxers and at the end of the year, the poorest performing boxers are relegated, and the best ones promoted. The top man in the premier division is crowned undisputed world champ.
Points could be awarded by KO, TKO, Points win etc.
It would have to be a regular turnover of fights, e.g. Every 3 months a boxer MUST fight or face losing their place in the league.
Regular fights for boxers is guaranteed (excellent), regular tv shows in a more exciting format (again better than the situation we have at the mo) and at the end theres one champ.
what do you think?