Boxers earning big money (very rare) generally negotiate a fixed fee or sometimes smaller percentage.
Didn’t Brendan Ingle say something along those lines? When boxers are up and comers a percentage they’re happy with but when they start making some dough they want a fix fee. Wasn’t it Naz when he got his first big purse and Brendan was spending his cut on revamping / extending the gym and Naz came in saying that’s a big % you’re on and I think it’s too much and have him a fraction and that’s when Brendan knew his days were numbered?
I think it’s pretty reasonable that a trainer’s cut goes down to a much smaller percentage / fixed fee should a boxer become properly successful. Imagine Floyd paying out £20 million or something to uncle Roger ever time he fought
Yes and no. Can see the arguments for both sides. Trainers don’t earn a fortune coming up so should be allowed to earn to a point.
We all take the piss out of Joe G, but he was earning so little he was working part time in tescos. With the time and money they invest in their gyms and fighters I doubt they can sustain that andba full time job so why shouldn’t they share in the success of their fighters especially if they have been there since day 1. Celebrity trainers I’m not so sure they should get huge %%.
Ruthless-RKO wrote: ↑05 Feb 2018, 06:24
Small hall show: Couple £100's
First few pro fights on tv: in the £1,000's
British title: Maybe around £10-50k
Commonwealth title: Same as above
European title: Around £100k
World title: If it's a challenge, could be as slow as £100k up to £500k.. First defence etc would be above £500k..
Non the above figures mean anything tbh. It all depends on promotion.
I wish you were right but your way off the mark. Of course a good ticket seller may earn a £1,000 for his first few fights but I know some 10 bout unbeaten fighters that have not earnt a penny so far. The money is not there like it used to be. Yes, some tv fighters do ok but thats a very small percentage. I would not mind betting that at least half of British titleholders have not seen £10,000 after tax and deductions.
Take away 25% for managers and training fees plus a 12 week training camp and it equates to absolute peanuts, the only fight worth a carrot financially for me was the Limond one hence the reason why I took it. That's why it makes me chuckle when idiots say I'm coming back for a pay day! What payday! Regular fighters on sky sports will get paid more but a normal domestic grinder like me and they will all get in and around the same as the figures I've quoted. Hope this helps, and for the record I'm one of the lucky ones, I got paid more than most fighters I know, the problem is if you turn the fight down due to the purse been rubbish they just pick up the phone to the next fighter and keep going till somebody takes it. It's a tough old game to make a few quid
Spot on. I can remember working on a big tv show in the late 1990's and heard a rumour that a well known ring announcer was getting paid more for introducing the fighters than a world champion defending his title. that really upset me and still does. that can't be right can it?
curtis wood wrote: ↑05 Feb 2018, 13:37
You don't need to pay your trainer or manager but all your expenses are not refunded or anything like that, it's just bad luck. You could be say 10 weeks in and paid for transport to and from the gym, sparring partners, strength and conditioning coach, dietitian, tape, gym fees, all sorts of stuff with nothing at the end of it. That happens a couple of times in a row which happens and you can be in serious financial trouble. What normally happens is good fighters take away jobs underprepared to pay the bills then next thing you get labelled a bum, I've sparred some top talents that can't sell a ticket so can't fight as nobody will put them in the home corner and they are too good to go in the away corner. It's a messed up game
Again, spot on Curtis. This is precisley why I no longer work in the business. The more experience, knowledge and time I spent working in boxing the more it used to get upset about the way some boxers were treated, especially the imports from overseas who come over for a few hundred pounds.
It's a hard old road without a bend in boxing, unless you have the unreal talent and fall in with the right people you will be making a relative pittance getting busted by the up n comers, risking keeping your senses in tact & your health
But people know this when they turn over it's do or die, so that's down to them but it's a bad do seeing some people get exploited & took advantage of, getting smashed up by some one who would be jank himself if he wasn't beating on low level journeyman
My pal won £10,000 cash on Cash Fighter without breaking sweat, cleared over a grand on his debut despite having to pay for an extra ambulance out of his own purse and has gone full time on £550 a week sponsorship money. He never had an amateur bout!
mickey1975 wrote: ↑17 Oct 2018, 08:42
My pal won £10,000 cash on Cash Fighter without breaking sweat, cleared over a grand on his debut despite having to pay for an extra ambulance out of his own purse and has gone full time on £550 a week sponsorship money. He never had an amateur bout!
mickey1975 wrote: ↑17 Oct 2018, 08:42
My pal won £10,000 cash on Cash Fighter without breaking sweat, cleared over a grand on his debut despite having to pay for an extra ambulance out of his own purse and has gone full time on £550 a week sponsorship money. He never had an amateur bout!
Is that Unlicenced ?
I should think unlicensed yes there is far more money left for the fighter in the unlicensed game if you can sell tickets simply coz you can be self managed and trained also no annual medical or licence fee et.c
mickey1975 wrote: ↑17 Oct 2018, 08:42
My pal won £10,000 cash on Cash Fighter without breaking sweat, cleared over a grand on his debut despite having to pay for an extra ambulance out of his own purse and has gone full time on £550 a week sponsorship money. He never had an amateur bout!
Is that Unlicenced ?
I should think unlicensed yes there is far more money left for the fighter in the unlicensed game if you can sell tickets simply coz you can be self managed and trained also no annual medical or licence fee et.c
Yeah have heard this before, in fact if i had my time again i would be tempted by the unlicenced route, apparently a lot of lads are doing this rather than the BBBC way
littlepug wrote: ↑17 Oct 2018, 08:49
Is that Unlicenced ?
I should think unlicensed yes there is far more money left for the fighter in the unlicensed game if you can sell tickets simply coz you can be self managed and trained also no annual medical or licence fee et.c
Yeah have heard this before, in fact if i had my time again i would be tempted by the unlicenced route, apparently a lot of lads are doing this rather than the BBBC way
Yeah mate the board route is the best way to go if it’s titles and glory your after and if you are a real top draw boxer but if your not the best in the world and just want to earn good money the unlicensed route is the only way to go
I should think unlicensed yes there is far more money left for the fighter in the unlicensed game if you can sell tickets simply coz you can be self managed and trained also no annual medical or licence fee et.c
Yeah have heard this before, in fact if i had my time again i would be tempted by the unlicenced route, apparently a lot of lads are doing this rather than the BBBC way
Yeah mate the board route is the best way to go if it’s titles and glory your after and if you are a real top draw boxer but if your not the best in the world and just want to earn good money the unlicensed route is the only way to go
The pay must be much better wherever you are, the going rate for unlicensed boxers around here is £5 per ticket sold, no money to be earned.
The higher you climb, the more people you need to give a cut of the cheque to
Michael 'Gomez' Armstrong once showed up back at his local pub, in Moston, Manchester, and put his fight cheque behind the bar to cover the tab for all those inside. The last bodies peeled out in the early hours of Sunday morning and there was not much left of the cheque.
Boxers are often on such a high after fights that they want to keep the buzz going. Some are far too generous with the money they earned the hard way and there are many deeds similar to Armstrong's.
Some fighters have family members, coaches and advisers that will high-tail it with the cheque before it can be ravished and ravaged. Others, such as Carl Frampton, love the idea of shouting a few drinks as a way of saying thank you for all the support they received on the road to fight night.
To a point. Frampton brilliantly recalled how he popped his bank card behind a New York bar and ended up having to issue new instructions to the staff after a crazy start to drinking proceedings.
"I remember saying, well I won't say the [exact] amount, but I put an amount on the card and said, 'Until that is finished, don't come back to me'. And she came back inside of 40 minutes, I was like, 'What?!'
"The next instruction I gave her was, 'No doubles! Just pints, beers, singles and let's see how long this goes'."
On a recent episode of TKO, women's boxing and MMA star Heather Hardy joined Frampton and host Chris Lloyd to talk about the fight business.
During the show, Frampton spoke about fight purses and how much of a cheque usually ends up with the man or woman that steps inside the ring to face the music.
"Your outlay depends on where you are at," Frampton says.
"For me to be fighting in big title fights, your trainer gets 10%. Your manager normally gets 25%. That is the amount in most circumstances.
"Then you have to pay sparring partners. Sometimes you can get sparring partners who are looking to get [ready] for other fights, who you don't have to pay. You have to pay for your food. You have to eat clean, which is sometimes expensive.
"Then there's your digs, if you are travelling away from home. And travel expenses, and getting to and from training.
"Sometimes what sound like a good purse at the time - someone might say to you that they'll give you 20-grand - by the time you break it down and you're paying taxes on it, it is not a lot of dough."
Looking at that breakdown, fighters would then be fortunate if they were to come out with close to half of that €20,000 cheque, and that is a good lump of money for most boxers to receive. On top of that, most elite boxers would fight about three times a year.
It makes sponsorship and outside interests, like coaching or media work, all the more vital to keep these athletes going.
CHECK OUT THE FULL HEATHER HARDY & CARL FRAMPTON CHAT:
Greg Houston wrote: ↑05 Feb 2018, 08:13
A world title challenge could be lower than £100k. I remember when Ricky Burns was named mandatory for his first world title t was in the news that he had been offered £50k to take the fight away from home.
Jerwin Ancajs got $3,700 after his team won the purse bid for his bout with McJoe Arroyo, who I think took around 4 times more...so Arroyo also got pittance, and lost his belt
I'm going back a couple of decades but do remember that Dennis Andries the WBC light heavyweight champ fought the challenger Tommy Hearns and it was The Sunday People who reported that Andries got paid a grand total of £290,000 for defending his title in Hearns home patch . The bad news according to the paper was that Andries take home pay was about a tenth of that after tax deductions , paying trainers manger fees etc
If you go on youtube and watch the fight between Alan Minter and Tony Sibson you'll hear Harry Carpenter reveal that the purse is £190,000 with Minter getting the slight lions share and is a record for a European middleweight contest. That said this was in 1981 when there was one undisputed world champion so the Minter Sibson fight if it took place today would be a genuine grudge match for a world title that would have PPV and every promoter in the UK to get their hands on it
Talking of Sibbo there's an interview with him on youtube going through his career in retrospect and he mentioned something interesting in that he paid the equivilent of 300,000 pounds sterling for his fight with Hagler. The thing was he had to pay tax for the purse in America and then when he came back to Britain had to pay tax on the remainder of the purse in this country too ! I'm taking it that's why Dennis Andries ended up with a fraction of his own purse ? Any idea if paying tax in both Britain and America is still in force
Another stat I remember from the 1980s is that no British boxer made millionaire status in terms of prize money. This might have changed when Barry McGuigan fought Steve Cruz in America , it was in relation to that fight that I read about no Brit boxer being millionaires because the reported fight McGuigan supposedly got was 700,000 though I'm not sure if this was dollars or pounds sterling
I've always in many ways being a boxer is similar to being an actor. Mention the word "actor" to someone and they instantly think Tom Cruise with a cheque of 20 million dollars and a share of profits and not mininmum wage in some repertory theatre for three weeks followed by washing dishes in some restaurant for two months in order to pay the rent. Mention professional boxer and people will instantly superstardom and blanck cheques are just around the corner
You have never needed to pay primary tax in both the U.K. and another country if you are U.K. tax resident you can deduct the amount you have paid in the foreign country against your U.K. tax bill. The only time you would pay more than if you just fought in the U.K. would be in the third party country has a higher tax rate than the U.K. - and a good accountant can probably take advantage of annual allowances to stop that happening.
The real way to make money of course is to cease to be tax domiciled in the U.K. then you only have to pay tax in the jurisdiction you are in not the U.K. The criteria for achieving this are relatively complicated but again, any good accountant can guide you on it.
It's why so many golfers and tennis players live in low tax jurisdictions such as Monaco, Dubai and Florida.
Loynesy wrote: ↑06 Mar 2023, 11:34
You have never needed to pay primary tax in both the U.K. and another country if you are U.K. tax resident you can deduct the amount you have paid in the foreign country against your U.K. tax bill. The only time you would pay more than if you just fought in the U.K. would be in the third party country has a higher tax rate than the U.K. - and a good accountant can probably take advantage of annual allowances to stop that happening.
The real way to make money of course is to cease to be tax domiciled in the U.K. then you only have to pay tax in the jurisdiction you are in not the U.K. The criteria for achieving this are relatively complicated but again, any good accountant can guide you on it.
It's why so many golfers and tennis players live in low tax jurisdictions such as Monaco, Dubai and Florida.
what you're referring to here is residence. Domicile is a different thing, which under UK law is based on your father's country of birth. It only really comes into play if you are resident in the UK and have overseas income.
A trainer 10% seems fair enough but a manager getting 25% is surely way too high.
Are these percentages calculated from the initial purse or after all the camp expenses have been deducted ? I suspect it’s the former but it really should be the latter.
CaptainSpacerod wrote: ↑07 Mar 2023, 10:07
A trainer 10% seems fair enough but a manager getting 25% is surely way too high.
Are these percentages calculated from the initial purse or after all the camp expenses have been deducted ? I suspect it’s the former but it really should be the latter.
I think it depends what the manager does.
For example there are boxers, like AJ, who’ve probably made big money for various marketing jobs so whoever his team putting those deals together probably deserves 25% of that.
There are others who probably don’t get much income outside of fights and I’d imagine the manager doesn’t do a great deal to justify the 25% of the fight purse.
CaptainSpacerod wrote: ↑07 Mar 2023, 10:07
A trainer 10% seems fair enough but a manager getting 25% is surely way too high.
Are these percentages calculated from the initial purse or after all the camp expenses have been deducted ? I suspect it’s the former but it really should be the latter.
