A retirement fund for boxers (or most sportsmen) is a great idea.
However, having a promoter or a manager or even a governing body run it is simply a means to get ripped off.
The money should be put into escrow and run by a separate, not for profit, trust and managed by professional money managers who are selected and rewarded on performance of the funds under their management.
Anything else is simply waiting for the inevitable collapse or fraud.
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