Advertisement
Advertisement

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 Video: Roberto Duran on Mosley Defeat To Avanesyan David Avanesyan Will Be Ringside To Scout Thurman vs. Porter Callum Smith Stays on Course For Title Shot, Get TKO in Six Ricky Burns Ready For Revenge on Crawford, Broner Showdown Video: Shane Mosley Talks About Loss To David Avanesyan David Price Returns in Style With Quick Knockout Victory Holyfield Believes Anthony Joshua Could Break Marciano's Record Bellew vs. Makabu LIVE Results From Goodison Park Frank Warren Questions Hearn's Position on Joshua vs. Haye James DeGale's Coach Confident: Badou Jack is Tailor-Made For Us Hearn: Eubank is Bigger UK Fight For Golovkin Than Saunders Golovkin's Coach: Only GGG Fight Brings Mayweather 100 Million! Bellew: I'll Fight That Bitch David Haye, He's Degrading Boxing! Photos: Ricky Burns Makes History, Blasts Di Rocco For WBA Belt Bellew vs. Makabu: Sean Dodd Looks To Enter The World Scene Viktor Postol Motivated By Underdog Role Against Crawford Arum: If Mayweather Wants Pacquiao, Let Him Come To Manila Haumono Saw Flaws, Believes He Will Chin Check Joseph Parker Glowacki Hopes To Get Usyk To Poland, Then Wants Lebedev Avanesyan Ends Shane Mosley, Secures Thurman-Porter Shot Vazquez Outpoints Bone, Eyes Future Clash With Adrien Broner Gabe Rosado Not Looking Past Gutierrez To Chavez Jr. Showdown Shane Mosley Jr. Edges Roberto Young With Majority Nod Bermane Stiverne Eager To Step in, Face Deontay Wilder Jonas Sultan Retains His RP Championship With KO in Five Rounds Photos: Verdejo, Diaz Open Workouts Before HUGE Bronx Crowd Roach: Floyd Mayweather Asked Me To Train Conor McGregor Krzysztof Wlodarczyk Beats Down Kai Kurzawa For TKO Win Ricky Burns Becomes Three Division Champion, Stops Di Rocco in 8 Nurse Pounds on Limond For TKO Win, Retains British Title WADA To Meet With AIBA, Shocking Allegations Over Drug Testing Conor Benn Wins In Glasgow, Returns on Joshua-Breazeale McCarthy Beats Jon-Lewis Dickinson, Must Face Askin Next Povetkin Questions Whether Wilder Actually Intended To Fight Him Burns-Di Rocco: Ogogo Wins On Return Mosley: They Said I Was Done, I'm Going To Annihilate Avanesyan! Ricky Burns: I Feel I Definitely Have Another Few Years in Me Donnie Nietes Drops, Punishes and Stops Raul Garcia Photos: Lucian Bute Holds Presser, Maintains His Innocence Cecilia Braekhus is Hoping To Stage Title Defense in Norway
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement