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 Photos: Billy Joe Saunders Schools David Lemieux Over Twelve Saunders: Lemieux Performance Will Scare Off Canelo, Golovkin Fury: Saunders Gives Golovkin Trouble, But GGG's Not Lemieux Stephen Tiffney Suffers First Defeat To Lewis Paulin in Paisley Natasha Jonas Moves To 4-0 In Oldham, Targets Titles In 2018 Photos: John Molina Blasts Out Ivan Redkach in a Wild War Tyson Fury: Joshua Can't Box, He's a Brawler, I Know The Truth Lemieux: I Couldn't Use My Left Hand; Saunders Ran All Night Saunders To GGG: You Wanted Me When I Was Fat - Fight Me Now! Hearn: I See Chance For Joshua vs. Fury By End of 2018 Video: Frank Warren Reacts To Saunders Dominating Lemieux Video: Dominic Ingle Reacts To Saunders Dominating Lemieux Video: Tyson Fury Reacts To Saunders Dominating Lemieux Mayweather Not Impressed With Loma Win: Rigo Too Small Video: Billy Joe Saunders Breaks Down Domination of Lemieux Trainer Pleads With Horn To Forget Crawford, Fight Mundine Billy Joe Saunders: I Look Easy To Hurt, But You Can't Hit Me! Billy Joe Saunders vs. David Lemieux - CompuBox Punch Stats Yves Ulysse: Everyone Thought I'd Get Beat - But Speed Kills! Saunders: Did I Not Tell You This Fight Would Be Easy? Billy Joe Saunders Makes Statement, Easily Dominates David Lemieux Billy Joe Saunders vs. David Lemieux - LIVE BoxingScene Scorecard Spike O'Sullivan Drops, Stops Antoine Douglas in 7th Round Yves Ulysse Dominates, Drops, Hammers Cletus Seldin Daigo Higa vs. Moises Fuentes on February 4 in Japan Tony Yoka Blasts Out Ali Baghouz in Two Rounds Saunders: Lemieux Has No Chance, I'm Convinced I'll Stop Him! Lemieux: Many UK Fans Wrote To Me, Want Me To Drill Saunders Avni Yildirim vs. Derek Edwards on March 3rd in Germany Denys Berinchyk Secures KO Win To Capture WBO Regional Belt Tom Schwarz Back on February 3, Dominic Boesel Returns on 3/3 McGregor Rules Out Pacquiao, Says Return To MMA is Next Saunders vs. Lemieux - CompuBox Historical Review Damon Allen Outboxes Martin Honorio in Quebec, Canada Jessie Vargas: I Want Thurman, Spence-Peterson Winner or Garcia Frank Warren: Saunders Can Send a Message To Canelo, GGG Billy Joe Saunders-David Lemieux: Pre-Fight Report Card Demetrius Andrade Will Be Ringside To Scout Saunders, Lemieux Saunders Unfazed by First Pro Bout Outside UK, Judging in Canada Lemieux to Saunders: Will Be Blood, Big Punches Saturday Night
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement