I think the arguement that they would take preference when ranking wouldn't hold as if they done that then they would be no different to what we have already and would widely be seen as just another corrupt sanctioning body,which could also effect their other areas of investment so for it to work, they would have to be something different to what we have already,they cannot add to the long list of sanctioning bodies already in boxing.
You don't lose the Ring Magazine belt, numbnuts. It's given to you and the next champ gets a different, new belt.
They're not bad in themselves. What's needed is a super governing body that will oversee all the sanctioning bodies. Each sanctioning body will follow general rulings but for all other matters they can exercise independence. Similar to the states and the federal government.