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 Mikey Garcia Has Received Good Offers From Schaefer, De La Hoya De La Hoya Warns: Golovkin Fighting in June Derails Canelo Bout! Who Is The Number One "Pound For Pound" Boxer Now? Arum: If Mayweather-McGregor Falls Through - UFC To Blame Jason Quigley Tested, Decisions a Very Game Glen Tapia Caballero Labors to Points Win Against Late Replacement Ruiz Emmanuel Rodriguez Stunned as Narvaez Never Arrives To PR Golovkin: Canelo Says He's Ready, I've Been Waiting 2 Years Chavez Jr. Vows To End All Talk of Canelo-Golovkin on May 6 Koelling Agrees to Fight Beterbiev to Become Ward's IBF Mandatory Vitali Klitschko: Joshua's Muscles Won't Help Him With Wladimir Khan Focusing On Fighting Opponent Other Than Manny Pacquiao Mikey Garcia: No Credit, Lomachenko Doing What I Did Years Ago! Cleverly-Skoglund in Play For 5/20, Chisora-Helenius For 5/27 Liam Smith vs. Liam Williams Now For Vacant WBO Interim-Title Golovkin-Jacobs PPV Will Well Exceed 153K Buys, Says Loeffler Shawn Porter: Expect Me To Try To Knock Andre Berto Out! Brook Won't Worry About Orbital Bone When He Fights Spence Photos: Linares, Crolla - Go Face To Face at Final Rematch Presser Jason Quigley: I'm Ready For This Giant Step in My Career Nico Hernandez Details Long Road, Motivated as Pro Debut Nears Brook's Trainer Doesn't See Spence as Best American Welterweight Salido's Manager: Politics Killed Roman Fight For Canelo-Chavez Brook: Forget Golovkin Fight; I'm Gonna Smash Spence's Face In! IBF: If Nobody Agrees, Beterbiev Will Face Ward-Kovalev Winner Daniel Franco Wants World Title Shot By The End of The Year Dusty Harrison To Face Matthew Strode in Washington, D.C. Video: Nicola Adams on Virgil Hunter as Coach, Pro Run, More Malignaggi: What Happens When Brook Lands Big Shot on Spence? Golovkin Still Pound-For-Pound Number One, Says Lomachenko Skender Halili Returns, Faces Eduardo Flores in New Jersey Khan Claims There Was Proof of Funds For Pacquiao Fight Linares-Crolla II: A Most Intriguing Rematch Amir Khan Explains The Big Fallout With Team Members Lomachenko Open To Show McGregor The Basics for Mayweather Arum Very Willing To Do Mikey Garcia vs. Vasyl Lomachenko Arum: Jacobs Did Good, But Golovkin Won - 7 Rounds To 5 Rigondeaux vs. Flores Purse Bid Ordered For April 3 Photos: Vasyl Lomachenko, Usyk, Gvozdyk Open Workout Photos: Quigley-Tapia, Caballero, Herrera, Esparza - Weigh-In
Advertisement
Latest Active Forum Threads
Advertisement
Advertisement