Cardiff-Lad1 wrote:
It wouldn't be the first boxer from a certain promotor that hasn't been paid following a fight. and its months as opposed to weeks :(
I dunno if its defo true but i've heard that if a Matchroom fighter fights on a saturday, the money is in his account on the Monday afterwards - no f*cking about. Exactly how it should be in my eyes.
Thats due to the company being solvent and profitable from its other sources of revenue. Where if you just promote boxing and the tickets sales are not good you may have cashflow issues. Perhaps you should not be promising fighters high wages if you know you can't pay it on time.
I'd rather wait a month for 50k than be paid 10k straight away, just a thought.
Darcy Delaney wrote:i know a fighter that boxed not long ago and his promoter said that if he didn't sell 200 ticket then he will not be paid .......... well this sort of thing is bang out of order what some promoters dont seem to realise is everyone works for the boxer and not the other way round if i boxed and a promoter tried this with me i think i'd lose my licence
You put a fight on, a boxer really needs to sell 70-100 tickets and thats just a boxer starting out 6x2 or 4x3's level but i totally understand the problem needs addressing when i was supposed to box in liverpool on a WALLY DIXON show he never had an opponent for me and kept asking for my ticket money when i'd sold 130 tickets i refused to pay until i knew i had an opponent,it got to 7pm he was still hassling me for the money.He even suggested i give him half and i have half,cheeky bastard this wasn't his or my money to go halves on this was my famiily and friends money right upto that point he was saying i was boxing cheeky barsteward.
Last edited by boxingfarmer30 on 10 Nov 2011, 18:00, edited 1 time in total.
the fact is that the boxer is always the last to get paid. I think.its wrong and I think.there should be a system where boxers of certain ranking get a wage of some sort so they can train properly. it will benefit the sport in the long run and give fighters other than the golden few hand picked fighters a chance to get noticed.
the truth wrote:most boxers get paid on the night straight after their fight, if they dont its prob because they havent chased their wage up
it depends on the wages big title fight s i use to get a cheque off johnwish on the night well fano did or under cards fight s use get paid there and then maloney didnt pay me a good 4 5 weeks after booth shockin and boxers do have too sell a lot of tickets to get on show which ya dont need the stress but thats the game we love
boxingchat wrote:
I'd rather wait a month for 50k than be paid 10k straight away, just a thought.
Yeah, I would too, for sure.
But if the month turns into much longer though, maybe not.
I was looking at some accounts recently where a creditor was owed a six figure sum but said they weren't going to seek repayment until the company was in a position to do so. Very understanding that, might just help keep a company afloat. Sometimes companies need a helping hand with cash flow.
However, in my opinion there are too many companies who go into administration owing money these days. Then all of a sudden the same people are in the same line of business with the previous debts remaining unpaid.
Happened in Sheffield recently - the business just stayed in the same place, same telephone number, slightly different name.
boxingchat wrote:
I'd rather wait a month for 50k than be paid 10k straight away, just a thought.
Yeah, I would too, for sure.
But if the month turns into much longer though, maybe not.
I was looking at some accounts recently where a creditor was owed a six figure sum but said they weren't going to seek repayment until the company was in a position to do so. Very understanding that, might just help keep a company afloat. Sometimes companies need a helping hand with cash flow.
However, in my opinion there are too many companies who go into administration owing money these days. Then all of a sudden the same people are in the same line of business with the previous debts remaining unpaid.
Happened in Sheffield recently - the business just stayed in the same place, same telephone number, slightly different name.
Anyway, I'm going off topic a bit here...
indeed, Ian. the idea of a director folding his Ltd Company without paying its debts, then opening again under a different name? surely it wouldn't happen in British boxing? too much integrity in the game for that. surely.
Counter-puncher wrote:
indeed, Ian. the idea of a director folding his Ltd Company without paying its debts, then opening again under a different name? surely it wouldn't happen in British boxing? too much integrity in the game for that. surely.
No chance pal. I mean, the company could do what it liked, obviously, but it's the BBBoC which allows licence holders to operate under its auspices. They would never let things like that go unchecked
Counter-puncher wrote:
indeed, Ian. the idea of a director folding his Ltd Company without paying its debts, then opening again under a different name? surely it wouldn't happen in British boxing? too much integrity in the game for that. surely.
No chance pal. I mean, the company could do what it liked, obviously, but it's the BBBoC which allows licence holders to operate under its auspices. They would never let things like that go unchecked
HHmmmm..... Ok can someone maybe clear this up for me as im obviously wrong on what i thought , at least as far as this thread goes .
I have personally made enquiries about turning pro as a promotor instead of doing the unlicensed stuff ,
Ive had conversations with Les Potts , and he told me when i apply for and pay for my license i also have to put down a £10k bond with the board , now i was of the thought through the conversations that this bond is used to pay people and then you pay the money back into the bond before your next show , and of course also would be used for purse bids etc etc , ie cant bid on a fight if its more than your current bond balance and that more could be put into the bond but can never be left below £10k ....
Now from this thread i can see i must have got my wires crossed somewhere , on my unlicensed shows i just sort everyone their money out on the night , and thats that , from the sound of the thread id be just doing the same in the pros and that in fact that would be pretty good to do so
why is boxing so archaic? why do fighters have to sell their own tickets? i know historically they always did but historically footballers used to clean their own boots...and they definately dont now!!
if a promoter promotes the fight well then the tickets should sell regardless, its all about balancing the bill with :
1. even fights to attract the publics attention
2. the odd 'name' fighter on the bill to attract public attention
3. a decent venue (size wise) commensurate with the amount of tickets perceived to being sold
4. home fighters from near the geographical catchment area of the venue
6. a decent mix of 'weights' on the bill...... big fellas and little uns!
its about time boxing moved on, got out of the dark ages and acted like a professional body.
rhino222 wrote:why is boxing so archaic? why do fighters have to sell their own tickets? i know historically they always did but historically footballers used to clean their own boots...and they definately dont now!!
if a promoter promotes the fight well then the tickets should sell regardless, its all about balancing the bill with :
1. even fights to attract the publics attention
2. the odd 'name' fighter on the bill to attract public attention
3. a decent venue (size wise) commensurate with the amount of tickets perceived to being sold
4. home fighters from near the geographical catchment area of the venue
6. a decent mix of 'weights' on the bill...... big fellas and little uns!
its about time boxing moved on, got out of the dark ages and acted like a professional body.
if the lads on the undercard dont sell tickets they wont get fights , simple as that , its a business and a promotor knows certain lads will sell a certain amount of tickets so can budget the card accordingly , if hes not got that knowledge then he would have to delay announcing the card while waiting to see how ticket sales go , which in turn means less people will buy the tickets as they dont know who they will be actually paying to see , its a necesary evil im afraid .
I'd have thought it's quite a simple process to get right.
Every fight has to be sanctioned by the BBBC, so what would be the flaws in the following process:
- On fight night, Promoter provides BBBC with a full list of scheduled fights, actual fights and the planned no of rounds for each fight
- The BBBC pays each fighter involved a contracted minimum amount against a sliding scale within a set period of time following the fight (to be agreed, across the board, for every fight in the country based on the number of rounds - ie, every competitor in a 4 round fight is guaranteed a certain minimum £, slightly more for a 6 rounder up to a 12 rounder for the UK title). Fighters that are scheduled, but have their fights cut for running order (or other) reasons should still receive a payment.
- The Promoter is given a specified time to refund the BBBC with the amounts paid out.
- The Promoter is given a specified, but slightly longer time, to pay those boxers with whom they have agreed enhanced rates
- The Promoter is given a specified, but longer time to settle all bills for the provision of services to support the show - hire costs, St Johns Ambulance, Police, etc
- If the Promoter fails to meet the above payment deadlines, their licence is witheld until all dues are paid (or settled)
As an example...
Frank Buglioni and his opponent last saturday competed in a 4 rounder. Say a minimum of £250 is set by BBBC for 4 rounders. But Frankie, by virtue of excellent ticket sales, agrees a rate of £3 for each ticket sold with his Promoter. Having sold 200 tickets, he is due £600. The BBBC pays both Frankie and his opponent £250 within 3 days of the fight and his Promoter pays the BBBC £500 within 7 days of the fight and Frankie his contractual balance of £350 within 10 days of the fight. In the event that the BBBC do not receive their full balance of £500, the Promoters licence is witheld until the monies are received in full. The same in the event that Frankie notifies them that he is yet to receive his enhanced payment.
Benefits include guaranteed minimum payment for all boxers, use of the BBBC as a bank to guarantee fighters funds (the BBBC should increasingly show a duty of care to the fighters and not their promoters), tightening up of promoters behaviour including restricting the use of funds from future shows to pay fighters from current ones.
As someone who is pretty clueless when it comes to the business side of boxing (as the numbers in my example no doubt demonstrate), i'd be interested to know what the downsides of such an approach would be, or what tweaks could be made to make it workable?
Amazing to think that a member who criticises them might have their license suspended but that late payment of those who the sport cannot exist without is apparently not worthy of speedy action.
Glyn Leach wrote:Amazing to think that a member who criticises them might have their license suspended but that late payment of those who the sport cannot exist without is apparently not worthy of speedy action.
Shocking you should higlight this in the magazine!
Glyn Leach wrote:Amazing to think that a member who criticises them might have their license suspended but that late payment of those who the sport cannot exist without is apparently not worthy of speedy action.
Shocking you should higlight this in the magazine!
Amember who critizes them has there licence taken away for life I,m thinking the Oscar Wilde quote here I dont want to be a member of a club That would have me as a member FFs Dont get me started
earsjohn wrote:I'd have thought it's quite a simple process to get right.
Every fight has to be sanctioned by the BBBC, so what would be the flaws in the following process:
- On fight night, Promoter provides BBBC with a full list of scheduled fights, actual fights and the planned no of rounds for each fight
- The BBBC pays each fighter involved a contracted minimum amount against a sliding scale within a set period of time following the fight (to be agreed, across the board, for every fight in the country based on the number of rounds - ie, every competitor in a 4 round fight is guaranteed a certain minimum £, slightly more for a 6 rounder up to a 12 rounder for the UK title). Fighters that are scheduled, but have their fights cut for running order (or other) reasons should still receive a payment.
- The Promoter is given a specified time to refund the BBBC with the amounts paid out.
- The Promoter is given a specified, but slightly longer time, to pay those boxers with whom they have agreed enhanced rates
- The Promoter is given a specified, but longer time to settle all bills for the provision of services to support the show - hire costs, St Johns Ambulance, Police, etc
- If the Promoter fails to meet the above payment deadlines, their licence is witheld until all dues are paid (or settled)
As an example...
Frank Buglioni and his opponent last saturday competed in a 4 rounder. Say a minimum of £250 is set by BBBC for 4 rounders. But Frankie, by virtue of excellent ticket sales, agrees a rate of £3 for each ticket sold with his Promoter. Having sold 200 tickets, he is due £600. The BBBC pays both Frankie and his opponent £250 within 3 days of the fight and his Promoter pays the BBBC £500 within 7 days of the fight and Frankie his contractual balance of £350 within 10 days of the fight. In the event that the BBBC do not receive their full balance of £500, the Promoters licence is witheld until the monies are received in full. The same in the event that Frankie notifies them that he is yet to receive his enhanced payment.
Benefits include guaranteed minimum payment for all boxers, use of the BBBC as a bank to guarantee fighters funds (the BBBC should increasingly show a duty of care to the fighters and not their promoters), tightening up of promoters behaviour including restricting the use of funds from future shows to pay fighters from current ones.
As someone who is pretty clueless when it comes to the business side of boxing (as the numbers in my example no doubt demonstrate), i'd be interested to know what the downsides of such an approach would be, or what tweaks could be made to make it workable?
What if the board don't have enough money to cover the bigger purses?
Boxing chat your mob defaulted on more payments than Greece. You are the frank abignale of promoters. More alias than giggsy and tiger had birds.Can I ask did your cheque to miracle grow bounce too? 50k in a few months I agree is better but when the fighter finds out you made 10 times that they soon get annoyed. I am sure we can all name a few fighters of that ilk
D 
