Boxers Pension Scheme

[mann187]

Interesting question on IFL tv Q and A interview with Eddie Hearn

Should boxing promoters across the board set up pension schemes to help aid fighters if they get injured/retirement? We always hear of fighters going broke after boxing.

Sounds like a good idea to me, what you guys think?

[SterlingStained]

they should.

but you actually think promoters would go for this?

[mann187]

I think in the future its a possibility just depends how it would be implemented.

[SterlingStained]

I think in the future its a possibility just depends how it would be implemented.

its not implementation that's the problem.

its money.

promoters aint gonna go for this.

[mann187]

Ok so maybe not the promoters then but if the managers do it then like in the video the guy asking the question said to put the money into an account which cannot be accessed until they are retired from boxing.

[Rockin']

The club show promoters would be crippled with the burden of paying in to a pension fund, they should be excluded.

However, put a 5% tax on the major promoters any time their promotion grosses over $1Million for a show and it would be a good start.

Let's just say that May and Paq grosses say $150Million, $7.5million would go directly in to the fund. Figure in the other big fights of the year at 5% and the fund grows even bigger. Do that year by year, with compound interest and the fighters would have something to fall back on.

[mann187]

The club show promoters would be crippled with the burden of paying in to a pension fund, they should be excluded.

However, put a 5% tax on the major promoters any time their promotion grosses over $1Million for a show and it would be a good start.

Let's just say that May and Paq grosses say $150Million, $7.5million would go directly in to the fund. Figure in the other big fights of the year at 5% and the fund grows even bigger. Do that year by year, with compound interest and the fighters would have something to fall back on.

That sounds good, yeah small club promoters would have a problem and the fighters also as they would be earning a small amount of money also.

[Luilun]

Interesting question on IFL tv Q and A interview with Eddie Hearn

Should boxing promoters across the board set up pension schemes to help aid fighters if they get injured/retirement? We always hear of fighters going broke after boxing.

Sounds like a good idea to me, what you guys think?

They should be able to file workers comp for an injury take a look at Gerald Mccleam the guy is broke and disabled don't you think he should have got like a 5 million dollar settlement , medical care for life and a monthly salary for life like 5000 a month

[SterlingStained]

manny and especially floyd need to do what allen iverson's advisers did for hm and set up trust fund that they cannot touch till they are 50 or something.

the way both guys spend their money, they better do it now before its too late. that's the only financial saving grace iverson has.

[bluebeam]

manny and especially floyd need to do what allen iverson's advisers did for hm and set up trust fund that they cannot touch till they are 50 or something.

the way both guys spend their money, they better do it now before its too late. that's the only financial saving grace iverson has.

I was just about too bring up Iverson. I think every athlete should do that