Sanctioning fees. $200k for what exactly?

Discussion in 'World Boxing Forum' started by Peppermint, Jun 5, 2015.


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  1. Peppermint

    Peppermint Boxing Junkie Full Member

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    Most sanctioning fees for world tite belts (WBC, WBO, WBA, and IBF) are typically $200,000- which equates to 10s of millions a year.
    A sanctioning body is not the promoter, who pays the fighter, pays for travel, medical (some of the time), promotion, venue, etc. Nor is a sanctioning body paying commisioners or anyone else actually involved in the fight itself, outside of its own organization. They simply provide a trinket and perceived prestige. But where is that money going and why does no one ever question it? This money doesn't go into the fighters pention (which doesnt exist). It doestnt go back into boxing. It goes into a few peoples pockets. So why is this allowed? Why are the fighters willing participants so much of the time? Its the name of the sanctioning body worth that much, or do people in boxing just lack reasonable curiosity and except this practice without thought?
     
    Peppermint, Jun 5, 2015
    Peppermint, Jun 5, 2015
    #1
  2. CONSTAR

    CONSTAR Boxing Addict banned

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    Great thread

    Boxing is corrupt unfortunately

    What needs to happen is a tournament in every weight division which ends with an undisputed champ at every weight, all those belts need to then be destroyed and replaced with 1 undisputed championship belt and all the organisations have to sign contracts to make sure they never reconise different champs again or even better once all the belts have been amalgamated just destroy the orgs

    And sanctioning fees should be made illegal boxing used to get poor people out of the gutter

    Now boxing is for rich gay boys like David Haye
     
    CONSTAR, Jun 5, 2015
    CONSTAR, Jun 5, 2015
    #2
  3. Beatdaddy

    Beatdaddy Boxing Addict Full Member

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    I'd agree that their P & L must look pretty great because I can't imagine their expenses are anywhere near their income. I guess fighters are willing to pay it because, as flawed as it is, it's about the only thing that makes boxing resemble a sport, and resembling a sport draws more fans which means bigger purses for fighters and more money for everyone else too.
     
    Beatdaddy, Jun 5, 2015
    Beatdaddy, Jun 5, 2015
    #3
  4. Badbot

    Badbot I Am An Actual Pro. Full Member

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    :think Supervisors, new belts... im out.
     
    Badbot, Jun 5, 2015
    Badbot, Jun 5, 2015
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  5. Rico Spadafora

    Rico Spadafora Master of Chins Full Member

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    Sanctioning fees are often 3% or so of the purse so unless you are making a 6.8 million dollar pay day which 99% of boxers never make it isn't 200k and even then they negotiate a flat fee that is much less than 3% for big purse fights.
     
    Rico Spadafora, Jun 5, 2015
    Rico Spadafora, Jun 5, 2015
    #5
  6. Scar

    Scar VIP Member Full Member

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    It keeps the organization alive.
     
    Scar, Jun 5, 2015
    Scar, Jun 5, 2015
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  7. Boxing Prospect

    Boxing Prospect Obsessed with Boxing Full Member

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    Yeah...I wonder if this "average figure" has been dragged about by the super fights. 3% is the general going rate, some fights only make the orgs a few grand.
     
    Boxing Prospect, Jun 5, 2015
    Boxing Prospect, Jun 5, 2015
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  8. kirk

    kirk l l l Staff Member

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    Its a huge racket, and quite obviously so. The people heavily involved with boxing are in on the racket (same goes for corrupt refs, judges, ect... you never wonder why the same obviously corrupt ref or judge continues to get gigs in big fights? Time and time and time again?)

    Boxing is a racket.... and that wont change any time soon.
     
    kirk, Jun 5, 2015
    kirk, Jun 5, 2015
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  9. spooky

    spooky Active Member Full Member

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    That's like the US govt. Manny/Floyd made 500 million. What did the US govt do to get millions in tax money?
     
    spooky, Jun 5, 2015
    spooky, Jun 5, 2015
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  10. dodong

    dodong >>PACQUIAO Full Member

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    most of these floyd fans get it back monthly via welfare checks and food stamps.
     
    dodong, Jun 5, 2015
    dodong, Jun 5, 2015
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  11. dodong

    dodong >>PACQUIAO Full Member

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    reorganize boxing.

    there was a bill proposed by reed and mccain to temporarily federalize boxing.

    best solution so far that i've heard.
     
    dodong, Jun 5, 2015
    dodong, Jun 5, 2015
    #11
  12. Rumsfeld

    Rumsfeld Moderator Staff Member

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    :yep

    And I could be mistaken, but I am fairly certain these things entail more than the sanctioning fees for a given championship fight. I believe there are also monthly fees to maintain your place in their ranking systems (should you be ranked inside the top 10, or perhaps even top 20?).
     
    Rumsfeld, Jun 5, 2015
    Rumsfeld, Jun 5, 2015
    #12
  13. Rumsfeld

    Rumsfeld Moderator Staff Member

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    That's different. The US government robs far more money from everyone, not just those involved in boxing, and they don't do jack to earn any of it. The power entrusted to 530-something elected morons is nothing short of frightening.

    :smoke
     
    Rumsfeld, Jun 5, 2015
    Rumsfeld, Jun 5, 2015
    #13
  14. tripleGGG

    tripleGGG Active Member Full Member

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    fighters are not the smartest breed of sportsman are they , they have been used and abused for hundreds of years and it will go on forever , its only the select few that get the really big money , the average fighter does not live a lot better than anyone else in a normal job .
     
    tripleGGG, Jun 6, 2015
    tripleGGG, Jun 6, 2015
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  15. Leoh

    Leoh Boxing Junkie Full Member

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    Hence the term "cab driver". There are a lot of top level fighters who don't make much money as well. For example Mickey Bey and N'Dam/Lemieux will make less than $50k with their next fights.
     
    Leoh, Jun 6, 2015
    Leoh, Jun 6, 2015
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