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 Frank Warren on Manny Pacquiao's Career Reaching Final Stage Horn's Trainer: It's Foolish to Think Pacquiao is 'An Old Man' Frank Buglioni Aims To Land Showdown With Nathan Cleverly Mikey Garcia: Broner More Serious, Better Fighter at 140 Pounds Joe Smith, Promoter Eyeing Sergey Kovalev Fight After Barrera Team Pacquiao: Horn is The Guy To KO, Won't Know What Hit Him! Chris Eubank Jr: I Want George Groves Next, I'll Take His Belt! Jeff Horn - Reviewing His Career Path, Which Led To Pacquiao Brook Return Targeted For December, Miguel Cotto Eyed For 2018 UK Boxing: Buglioni vs. Summers, Umar Sadiq, Dale Evans World Boxing Super Series News, Pianeta IBO Title Bout, More Photos: Jeff Horn Receives HUGE Support From Fans at Workout Abel Sanchez: Golovkin Beats Canelo 116-112 or KO's Him Late Pacquiao's Getting Older (But No One's Proved He's Old Yet) Team Rigondeaux: Lomachenko Our Main Target, Ball in His Court! Marquez Seriously Doubts Horn is Capable of a Pacquiao KO Photos: Joe Smith Getting in Top Form For Sullivan Barrera Fortune Tears Apart Horn: He's Just an Opponent, No Dog in Him Photos: Alexander Povetkin Putting in Work For Rudenko Randall Bailey Backs Pacquiao: I've Not Seen Special Factor in Horn Ivan Dychko, Olympic Medal Winner, Decides To Go Pro Photos: Robert Easter, Denis Shafikov - Go Face To Face Victor Ortiz vs. Saul Corral Finalized - PBC on FS1, July 30 Pacquiao: Canelo-GGG is Real Fight, Mayweather-McGregor is Not Miguel Flores vs. Chris Avalos - PBC on FS1, July 18 Roach Laughs at Horn's Record: Who The F*** is Randall Bailey? Photos: Artur Szpilka, Adam Kowancki - Go Face To Face Billy Joe Saunders Drops Adam Booth, Hires Dominic Ingle Taras Shelestyuk Training Hard With Joel Diaz For Return Rey Vargas vs. Ronny Rios Added To Cotto-Kamegai Joshua-Klitschko II - Frontrunner is Las Vegas, Says Hearn Horn's Trainer: Brutal KO Loss to Marquez 'Haunts' Pacquiao Ward-Kovalev Rematch Replay Peaked at 947K Viewers on HBO Claressa Shields vs. Nikki Adler For WBC Title, August 4 on ShoBox De La Hoya: I Actually Hope Mayweather-McGregor is Good Fight Rigondeaux: I'll Sign Contract For Magdaleno Faster Than UPS! Easter: I'll Make it Look Easy and Will Be First To KO Shafikov Mikey Garcia: I'd Be 'A Huge Star in Boxing' If Not for Long Layoff Horn, Promoter Slam Pacquiao For Texting During Entire Presser An Opportunity for Jerwin Ancajas To Impress on Pacquiao Card
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement