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 Lemieux vs. Reyes, Diaz vs. Avila Added To Canelo-Chavez Saunders To Golovkin: If You Have a Pair of Balls, Sign The Contract! Team GB Release Four Fighters: Bateson, Cameron, Marshall, Davies Hearn: Crolla Should Get at Least 1 Million For Flanagan Bout Porter Thinks Chavez Won't Be an Easy Fight For Canelo Lemieux May Land on Canelo-Chavez, Future Foe For Canelo? Okolie on Burns vs. Indongo: Great To Be On Another Big Bill Golden Boy's Diaz: I Felt Jacobs Beat Golovkin, Canelo Will Too! Jorge Linares vs. Anthony Crolla II: Post-Fight Report Card Langford: If No Golovkin Deal, Saunders Will Have To Face Me! Josh Taylor Impressed With Recent Win, Expects a Big Future Hearn: Eubank Contacted Me For Bellew Catch-Weight Fight! Liam Smith vs. Liam Williams: Jimmy Kilrain Kelly Breaks it Down Keenan Smith Tops Card in Atlantic City on April 22 Buster Douglas: Pacquiao Would Beat Mayweather, Maybe By KO Kyotara Fujimoto vs. Herman Ene-Purcell in Play For May Boxing's Pound For Pound Debate Is Tougher Than Ever Golovkin's Coach Fires Back at Kell Brook, Ingle Over Fight Claims Evander Holyfield vs. Lagos Politician - Exhibition Fight on May 25 Photos: Yvan Mendy Gets Win Before Near Empty Venue Ray Robinson Stops Claudinei Lacerda in Seven Rounds Golovkin's Coach Reacts To 'Keyboard Judges' Saying Jacobs Won Kovalev Shreds Ward: My Goal is To Knock Him Out! Hunter Says Andre Ward Can Still Make 168 For Golovkin Fight Murat Gassiev To Make First Defense in May or June Aldo Doubts Mayweather-McGregor Gets Beyond UFC Obstacles Marquez Tabs Golovkin as Boxing's New Pound-For-Pound King Anthony Karperis Stops Scott Burrell in Four Rounds Cedric Vitu-Marcello Matano IBF Eliminator For Jarett Hurd Shot Mayweather: 'Triple L' Golovkin Came Up Short, I'd Work Him Over! Lawrence Okolie To Box On Burns vs. Indongo In Glasgow Anthony Crolla Not Ruling Out Move To Junior Welterweight Rob Brant To Take Stay Busy Fight, Then Murata-N'dam Winner Photos: Jorge Linares Dominates Anthony Crolla - MEGA Gallery Porter Hopes Pacquiao Retires, Says Khan Has Skills To Beat Anyone Jacobs' Manager: GGG's Side Will Make Excuses to Avoid Rematch Frank Warren: Shrewd Liam Smith With Under The Radar Fight Photos: Tyron Zeuge With Bad Cut, Gets Technical Decision Win Crolla Admits Gallagher Nearly Pulled Him Out Before Twelfth Charlo vs. Heiland WBC Eliminator For Mandatory Golovkin Shot
Advertisement
Latest Active Forum Threads
Advertisement
Advertisement