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WBC is Launching a Pension Fund For Former Boxers - Boxing News
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 Last update:  8/30/2012       Read more by James Blears         
   
WBC is Launching a Pension Fund For Former Boxers
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By James Blears

The World Boxing Council is launching a pension fund for ex-boxers, with the help of luxury Swiss watch company Hublot.

Twelve all time ring greats will help launch the Fund, which is specifically aimed at helping former boxers, who’ve fallen on hard times.

Hublot have created twelve watches for WBC legends: Ray Leonard, Tommy Hearns, Mike Tyson, Julio Cesar Chavez, Ken Norton, George Foreman, Larry Holmes, Lennox Lewis, Roberto Duran, Oscar de la Hoya, Jeff  Fenech and Azumah Nelson. Each is engraved with the Champion’s signature.

Twelve exact copies will be auctioned of the evening of September 29th at the Bellagio Resort  Hotel in Las Vegas. Tickets to this event, which will be attended by the Dynamic Dozen, are one thousand dollars. Proceeds from this and the auction will go directly to the WBC Boxers Pension Fund.

WBC President Jose Sulaiman said: “Having thrilled us with knockouts and lion hearted bravery in the ring, many of our favorite fighters have fallen on hard times, having suffered injuries, and they’re living in reduced circumstances. For years, this has been a great concern for those of us who love the sport and care deeply about its participants, who form a precious constellation. Now we can begin to help those boxers in need. We do not forget.”

For more information please contact the offices of the WBC in Mexico City. 

Tags: Jose Sulaiman


 

 User Comments and Feedback (must register to comment)

comment by TaurusJ27, on 08-30-2012
This is a good idea but I wonder if the WBC is using this to help the organization's image though.

comment by ddangerous, on 08-30-2012
[QUOTE=liraj]Why's the president of goldenboy promotions on this list, Oscar's worth more than anybody thats ever stepped in the ring. His only struggles are with drugs, strippers, sex toys and lingerie.[/QUOTE] Don't think that was meant as a list of potential recipients of the charity, just ...

comment by PrecisionKiller, on 08-30-2012
I agree. Some of these boxers end up broker than before they started, from 0 money to owing millions to thousands.

comment by Frank Ducketts, on 08-30-2012
Its a step in the right direction. Sulaiman put his name out there so if he tries anything...somebody will hopefully be on it.

comment by dan_cov, on 08-30-2012
Just give all the proceeds towards Evander Holyfield on the condition he retires indefinitely before the man is seriously injured.

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