BoxRec

Old bones Ian wrote:its an odd relationship really, the promoter needs boxers that sell, but the cheapest price he can get them to fight for earns the promoter more money, as he has to pay out less.

So sometimes the boxer wonders why he driving an old banger of a car and the promoter has a merc.
This is where a boxer needs a good manager or agent to negotiate the best payday for the boxer.

I remember there were times that Don King got boxers to sign promotional contract with him, and part of this was to have his son Carl King act as the boxers manager. So the boxer was screwed basically. it wasn't unusual for a boxer to think he was getting a $200,000 payday but come out with less than a quarter of this.

Example, Tim Witherspoon got $90,000 from when he fought Bruno, his manager Carl King got $275,000.

spudder56 wrote:

Old bones Ian wrote:its an odd relationship really, the promoter needs boxers that sell, but the cheapest price he can get them to fight for earns the promoter more money, as he has to pay out less.

So sometimes the boxer wonders why he driving an old banger of a car and the promoter has a merc.
This is where a boxer needs a good manager or agent to negotiate the best payday for the boxer.

I remember there were times that Don King got boxers to sign promotional contract with him, and part of this was to have his son Carl King act as the boxers manager. So the boxer was screwed basically. it wasn't unusual for a boxer to think he was getting a $200,000 payday but come out with less than a quarter of this.

Example, Tim Witherspoon got $90,000 from when he fought Bruno, his manager Carl King got $275,000.

Yeah the stories about Teflon Don are legendary

JLP wrote:If you reason that everybody you meet is trying to rip you off for their own gain, you'll not be too far wide of the mark. Even your mothers are only nice to you so you'll look after them when they get old (if your mother isn't nice to you, it's because she knows you're too much of a bum to be capable of looking after her).

jonp wrote:Sometimes the boxer pays the promoter money some have contracts where if he boxes on a rival promoters show the promter gets a percentage.

metchampion wrote:

jonp wrote:Sometimes the boxer pays the promoter money some have contracts where if he boxes on a rival promoters show the promter gets a percentage.

This usually occurs when a boxer (or his manager) has entered into a 'non BBBofC' recognised boxer - promoter agreement with a promoter. and refers to instances where the promoter loses a purse bid.

The existence of such a clause in a boxer / promoter agreement may constitute a breach of BBBofC rules. There should be no grounds whatsoever, which would, under normal circumstances, entitle any person (Promoter included) to deduct any sum from the boxer, over and above those amounts that are deducted in accordance with BBBofC rules, ie Trainer, BBBofC fees, Manager commission.

BBBofC rule 9.20 states - no contract may be entered into whereby the receipt by a boxer of any monies directly or indirectly is or may be reduced.

Also, BBBofC rule 9.37 states - purses shall be paid to the boxer or his authorised representative. By definition, this excludes a promoter, unless of course the promoter is the boxers licensed manager.

The problems arise for the boxer when he or his manager signs an agreement not approved by the BBBofC (as is required by their rules). When this happens, it is outside of the boards jurisdiction when a dispute arises. Even more of a problem when the contract entered into is between a named licensed boxer and a company, as opposed to a named, licensed promoter.

BBBofC rule 9. No "company" shall be entitled to hold a promoters licence.

palooka wrote:And of course there are managers who do not hold contracts with the boxers; there is a fair bit of that around, or used to be. Maybe someone like pugilist-specialist could shed some light on a hypothetical situation involving a manager/boxer relationship where no contract existed; if the boxer had an issue around any aspect (maybe money) would they be able to go to the board of control?

metchampion wrote:

jonp wrote:Sometimes the boxer pays the promoter money some have contracts where if he boxes on a rival promoters show the promter gets a percentage.

This usually occurs when a boxer (or his manager) has entered into a 'non BBBofC' recognised boxer - promoter agreement with a promoter. and refers to instances where the promoter loses a purse bid.

The existence of such a clause in a boxer / promoter agreement may constitute a breach of BBBofC rules. There should be no grounds whatsoever, which would, under normal circumstances, entitle any person (Promoter included) to deduct any sum from the boxer, over and above those amounts that are deducted in accordance with BBBofC rules, ie Trainer, BBBofC fees, Manager commission.

BBBofC rule 9.20 states - no contract may be entered into whereby the receipt by a boxer of any monies directly or indirectly is or may be reduced.

Nicely put very useful to know may be quoting this in the future.

Also, BBBofC rule 9.37 states - purses shall be paid to the boxer or his authorised representative. By definition, this excludes a promoter, unless of course the promoter is the boxers licensed manager.

The problems arise for the boxer when he or his manager signs an agreement not approved by the BBBofC (as is required by their rules). When this happens, it is outside of the boards jurisdiction when a dispute arises. Even more of a problem when the contract entered into is between a named licensed boxer and a company, as opposed to a named, licensed promoter.

BBBofC rule 9. No "company" shall be entitled to hold a promoters licence.

spudder56 wrote:

palooka wrote:And of course there are managers who do not hold contracts with the boxers; there is a fair bit of that around, or used to be. Maybe someone like pugilist-specialist could shed some light on a hypothetical situation involving a manager/boxer relationship where no contract existed; if the boxer had an issue around any aspect (maybe money) would they be able to go to the board of control?

They have to lodge a Manager/Boxer contract with the Board now mate or become self managed and this is strictly enforced or should be

palooka wrote:

spudder56 wrote:

palooka wrote:And of course there are managers who do not hold contracts with the boxers; there is a fair bit of that around, or used to be. Maybe someone like pugilist-specialist could shed some light on a hypothetical situation involving a manager/boxer relationship where no contract existed; if the boxer had an issue around any aspect (maybe money) would they be able to go to the board of control?

They have to lodge a Manager/Boxer contract with the Board now mate or become self managed and this is strictly enforced or should be

It's been like that for about 20 years hasn't it? I know of instances where things haven't been as kosher as the 'whiter than white' brigade would have us believe.

wrimc wrote:Well can somebody explain how Eddie Hearn makes his money from the Brook Alexander bill when he isnt promoting it and isnt Brooks managers? (I dont know if he is Brook managers as well or not but lets say he isnt) He has put all the money and risk forward to get Brook into that position and now that he gets there he doesnt get a share of the profits. I think this is unlikely? Im sure HBO will be compensating Hearn in some form. Please correct me if I am wrong

Old bones Ian wrote:So would the boxer have to pay tax on his entire purse, or would it be after all the deductions are done? I'm guessing entire purse

stevegoodwin wrote:

wrimc wrote:Well can somebody explain how Eddie Hearn makes his money from the Brook Alexander bill when he isnt promoting it and isnt Brooks managers? (I dont know if he is Brook managers as well or not but lets say he isnt) He has put all the money and risk forward to get Brook into that position and now that he gets there he doesnt get a share of the profits. I think this is unlikely? Im sure HBO will be compensating Hearn in some form. Please correct me if I am wrong

I am told that several high profile promoters have clauses that they receive 25% of a boxers purse should they fight on another show. It is entirely possible that Matchroom could be recouping their investment by taking up to 25% of Kell's purse. I do not have a clue as to their paticular arrangement but am aware of many instances before where this has happened with other promoters