Idman.biz
Bob Arum, head of the promotion company "Top Rank," believes that UFC CEO Dana White, who has actively begun exploring the professional boxing industry, intends to undermine the bargaining power of boxers by seeking to change the "Muhammad Ali Act."
Idman.biz reports that the "Muhammad Ali Act," adopted in the United States, aims to protect the rights of athletes in professional boxing. It establishes rules prohibiting the combination of manager (athlete's representative) and promoter (fight organizer) functions, and also requires full transparency of the financial terms of contracts, which should make the field more fair.
"I think that's what he's trying to achieve. The 'Ali Act' has worked very well, and thanks to it, boxing purses have risen to unprecedented levels. This is fair. Fighters risk their lives and health every time they step into the ring, and they should be paid serious compensation, not the small amount like UFC fighters who fight for pennies. If this happens in boxing, it will be a tragedy," Arum said.
White has repeatedly stated that modern boxing is "ruined" and that his intention is to save the field.
Idman.biz
