Advertisement
Advertisement
Boxingscene.com

WBC To Present Plan For Pension Fund in Coming Weeks

By James Blears
 
The World Boxing Council wants to present a working plan for its pension fund by the end of January.
 
At the WBC's fiftieth Convention, which is this year being held in the Oasis Hotel, Cancun, its President Jose Sulaiman explained that by this time a worldwide list of boxers who have fallen on hard times and are in dire need will be drawn up. He stressed that the financial side will be dealt by an indepentently established committee.
 
He explained: "I'm asking all of our members to look within their nations, to advise us of who are the former boxers really in great need, so the WBC can spend the money we have to help them. And we have our World Boxing Cup as more income coming and some other things we are thinking about."
 
The fund recieved a massve boost thanks to luxury Swiss watch company Hublot, who raised a million dollars for it. Hublot presented twelve WBC Super Champions with watches, and then auctioned exact replicas.
Tags:
User Comments and Feedback (Register For Free To Comment) Comment by TBear on 12-05-2012

Something that is long over due and has been called for many times before in the boxing community. The only concern I have is that the WBC usually acts in it's own best interest and towards profit. Would the funds…

Comment by Gypsy John Fury on 12-05-2012

I'm not convinced a few watches are enough assets to kick start a pension fund. Need to see fighters contractually enrolled into the pension plan with a % of purse.

Comment by pacmanis1 on 12-05-2012

Terrible idea. I mean it sounds good and is a nice gesture, but I don't see how it could possibly work.

Comment by anonymous2.0 on 12-05-2012

I disagree. A pension sounds good, but really its another fee the fighters under the WBC have to pay, and not every boxer under the WBC is making 6 figure paydays. I really don't see outside serious 3rd party funding…

Comment by ddangerous on 12-04-2012

Pretty noble cause. Hopefully it is not abused, and also doesn't end up promoting irresponsible spending. WBC Pension Fund +1, WBC Pres reinstated -1.

Post a Comment - View More User Comments (6)
Top Headlines Jeff Horn, Lenny Zappavigna Lead Aussie Charge This Weekend Enrico Koelling vs. Ryno Liebenberg Rematch on February 4 Joshua-Molina: Conor Benn To Face Steven Backhouse Amir Khan Hangs Back as Family Dispute Erupts on Social Media UFC's White: 50 Cent Told Me Mayweather Really Wants McGregor Anthony Joshua: I Put Away Molina, I'll Fulfill My Destiny in 2017 Felix Diaz Ready For Stay Busy Fight With Morales in Santa Domingo Jason Quigley Aims To Finish Off 2016 With a Bang Mikey Garcia: If Top Rank Makes Fair Deal, I'll Face Lomachenko Guillermo Rigondeaux vs. Moises Flores Purse Bid on December 19 Parker's Trainer Sees Ruiz Clash as Heavyweight Fight of The Year Knockout Season 3 Slated For April 2017 Premiere Kirkland's Manager: Wolfe Will Make Difference for Cotto Fight Video: John Molina Feels Very Ready To Stun Terence Crawford Photos: Roach vs. Garcia, Breadman vs. Shields - Go Face To Face Video: Terence Crawford Aims To Impress in Molina Showdown Photos: Joseph Parker, Andy Ruiz - Face To Face at Final Presser Chavez Jr: I Want To Prove That I'm Ready For Elite Boxing Again Photos: Terence Crawford, John Molina Hold Open Workouts Chocolatito's Manager Gives Update on Trainer Situation Arum Paid Creighton Step-Aside Money to Set Crawford-Molina Golovkin-Jacobs Deal Won’t Be Done Today; 12/19 Purse Bid Looms Video: Luis Ortiz Talks Allen Fight, Joshua, Wilder, Scott, Matchroom British Board Will Take Action Over Chisora-Whyte Presser Chaos Photos: Bernard Hopkins New York Media Tour For Final Fight Rob Brant vs. George Carter on January 20 in Hinckley, Minnesota Photo: Roy Jones Jr., Bobby Gunn Face Off at Kickoff Presser Dillian Whyte, Dereck Chisora To Weigh-In Separately On Friday Video: Dereck Chisora Explains Why He Threw Table at Whyte Photos: Chisora Throws Table at Whyte, Chaos Erupts at Presser Misael Rodriguez, Bronze Medal Winner, Inks With Schaefer Jessie Vargas: Facing Pacquiao Will Make Me a Better Fighter Bermane Stiverne: All The Pressure is on Povetkin, I Will KO Him! Dereck Chisora Throws Table At Whyte During Presser Trainer: Biggest Fight For Charlo At 154 (Canelo) Won't Happen Crawford's Trainer: We Won't Get Pacquiao If It’s Up to Roach Andy Ruiz: I Will Die Trying To Beat Joseph Parker For That Belt! Joshua: I'm The Guy Who Should Beat Klitschko - I'll Prove It! Video: Dillian Whyte Shreds "D*ck" Dereck Chisora, Vows KO Win George Groves vs. Fedor Chudinov For Vacant WBA Title Ordered
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement