I am a boxing manager: if you have questions about the boxing biz, ask!

and you told him to shove it because he wanted what was best for you and your fighter. smh

I THOUGHT YOU WERE DONE HERE AWHILE BACK BUT HERE YOU ARE AGAIN LOL MAKING DUMB COMMENTS.
WHERE WERE YOUR WORLD CHAMPION FRIENDS AND YOUR WORLD CLASS MANAGEMENT TEAM WHEN YOU BECAME THIS BITTER, JADED EX-PUG CRYING AND WHINING ABOUT SEEING SNAKES AND NOT TRUSTING ANYBODY ESPECIALLY NO STINKIN' PROMOTERS HAHA
POOR BABY YOU MAYBE GOT WHAT YOU DESERVED ANOTHER CRYBABY WHO GOT NO WHERE COS OF THEMSELVES, WAH WAH.
NOT GOING TO WASTE ANYMORE TIME WITH YOU. SO KEEP POSTING AND BEING THE JEALOUS, JADED, AND FRUSTRATED EX PUG THAT YOU ARE, "I COULDA BIN SUMBOTTY BUT FOR DESE SNAKES AND EVIL PROMOTERS WAH WAAH, PUL-EEEEZE!!!!!

 

okey dokey, snakes and evil promoters oh my! Snakes and evil promoters oh my!!!

 

Look ES I hear you, if you are saying be careful that's good, fighters do get taken advantage of, and yes you should be wary. That's what this thread is about I am trying to give people an insight into boxing as a biz. I pointed out how in the Manny P vs MA Barrera, fight, Manny accepted 300k and his promoter at the time took home 400k. It was a GoldenBoy show, HBO bought the fight and paid GoldenBoy, to put on the show. Pac's "promoter" whose only contribution to the show was that he brought Manny and nothing else. The budget was 700k for Pac, but since Pac had a promoter, the promoter got to decide how much of the pie Manny was getting. Manny badly represented accepted the 300k cos they had no clue as to what was really on the table. Manny's promoter was listed as co promoter of the show. Legally GoldenBoy and HBO who wrote the checks had to make the offer to Manny's promoter of record he in turn had 700k to play with. It took Freddie Roach to point out that Manny and team left a lot on the table. In most US contracts there is a clause concerning Assignment. In case like what happened in Manny's case. The lead promoter was GoldenBoy, Pac's promoter was assigning Pac to Goldenboy. The assignment clause if negotiated properly is a certain % of what's on the table which in this case was 700k. The clause restricts how much can be taken from the fighter. In most cases the % goes from 20 to 30% of the amount. So if Manny had a 30% assignment deal his promoter was entitled to 210k out of the 700k the rest 490k would be Manny's purse. Was Manny taken advantage of? Definitely, yes he was. Had he had the proper representation he would have received 190k more not less. Poster, Makingweight has put up his thoughts about boxing, the good, the bad and the ugly. Maybe if you had time read the whole thread you might feel differently.

 

ES, This is the saddest but true comment you made, "Most have meager representation at best, if any.". This is very true, it's sad cos a kid who dreams of being somebody, works hard training, sacrificing all the things a fighter has to, to have those aspirations shattered by somebody and leave the kid with nothing on the side of the road.
In all my years in boxing, this scene has been with me all these years. I was invited to go along to a USA network fight, Richard Savage was the Main event in Monroe, La. The guy who invited me was a local promoter, we all rode in a car, packed with fighters, no cornermen. Savage's opponent was Richard Abila, who was spitting in a cup all the way down from Texas to Louisiana, for two days the kid didn't eat and barely drank just wetting his lips, in the car was a 15yr old kid, an amateur, guess what wolf he was thrown in with, a young an undefeated Frankie Randall. Frankie did what he had to but he wasn't abusive to the kid. The ref stopped the fight in the 3rd. The scene that is etched in my mind, is seeing one of the guys in the car who was ko'd sitting by himself with a towel over his head crying, the kid was undefeated in Mexico and he thought he had a chance to win. Those guys had nobody but that local promoter who booked the fights. None of them had a chance in hell and all were sold a bill of goods. At the time I was just a passenger in that car, never again.