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this is nonsense.
promotors do not take a cut of a fighter's purse!
they run their enterprise like a business. they get TV buy money, sponsorship monney, and gate money. then they have expenses [fighter's purses are the big ones.] then they pay taxes on the difference [which is their profit.]
promotors under the muhammad ali act cannot take more than 1/3 of a fighter's purse [also can't act as a promotor and manager for the same fighter at the same time.] most managers take around the 30% mark.
trainers are at or around 10%. many take a flat fee once their guys get to a certain point.
taxes are 35-40% for the highest bracket of income in the states. very few fighters make it that far. virtually no rich people pay that much in taxes. they actaully pay a lower rate than the middle class. the ones that do get to that tax bracket probably pay less in taxes than their less fortunate coworkers because of some good, old fashioned american accounting.
you fit a lot of misinformation into one post
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It's nothing new.this is nonsense.
promotors do not take a cut of a fighter's purse!
they run their enterprise like a business. they get TV buy money, sponsorship monney, and gate money. then they have expenses [fighter's purses are the big ones.] then they pay taxes on the difference [which is their profit.]
promotors under the muhammad ali act cannot take more than 1/3 of a fighter's purse [also can't act as a promotor and manager for the same fighter at the same time.] most managers take around the 30% mark.
trainers are at or around 10%. many take a flat fee once their guys get to a certain point.
taxes are 35-40% for the highest bracket of income in the states. very few fighters make it that far. virtually no rich people pay that much in taxes. they actaully pay a lower rate than the middle class. the ones that do get to that tax bracket probably pay less in taxes than their less fortunate coworkers because of some good, old fashioned american accounting.
you fit a lot of misinformation into one postComment
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Why does 40-year-old Sergio Martinez not come out of retirement and fight GGG?
I would pay to watch that fight.Comment
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If you watched the SBnation video, Ward himself said GGG would not be next if it happens. Golovkin will hopefully fight Lemieux in October. And Ward will fight another BUM. Then GGG will press to get the Cotto Canelo winner. This whole debate about nothing is premature.Comment
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I know Team GGG wishes they can take back the comment about dancing with ANY of the wolves from 54-68....54-60 would've been more REALISTIC....asking for Ward at 164 but willing to do 168 for lesser skilled fighters in Froch and Chavez Jr says all you need to know
When Ward says they can't dictate terms, I'm quite sure he's referring to that bs 164 cw that was thrown out there by GGG's boss....Tom is playing internet hoe games...he's well schooled on how to make a fight happen...he know what to say and what not to say....just like Arum, Tom is transparent....only thing is he's not as slick as Arum with the wordsComment
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As a GGG fan , i dont pretend to defend him here , he was quoted not long ago on that russian interview saying that he said yes and ward said no , now ward says yes , if he wants it , it seems open again , if he doesnt want it he should come out and say it , like Froch did about him (the "its a risky fight ill swerve him and **** the rest") , nothing to be ashamed off if you dont want to move up and face a tough challange.
I dont mind the media communication as a start to negotiations , the 164 is probably the first pawn moved on the board (if indeed they want the fight) so they can do 168 with better split.
if they cannot make the fight happen because HBO / Roc arent making it possible due to purse being too low , then lets hear it , if its Ward blocking the fight - lets hear it , but now , the ball is in their court lets see how they play it.
All the A side B side BS i read here is funny , as they didnt even sit down with all the relevant ppl to talk about anything yet , this was Ward calling him out to lets at least sit down and see where we stand and what can be done.
it is possible that after such sitdown it will blowup , but get that sitdown!!Comment
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