§6307e Required Disclosures for Promoters

Summary

A promoter must not get paid for a boxing match until they give the state boxing commission certain papers. They must give a copy of any written deal with a boxer, a sworn statement that no other written or oral deals exist about that match, and a clear list of all fees, charges, and expenses the promoter will charge the boxer (including any share of the boxer’s purse and training costs). They must also disclose any payments or gifts to sanctioning groups and any cut to the boxer’s purse that goes against a prior agreement or a purse bid. The promoter must also tell the boxer the amount the promoter will receive, all fees or charges the boxer will owe (including purse share and training expenses), and any purse reductions that conflict with earlier deals or a purse bid. If asked, the promoter must give the same information to the state’s chief law enforcement officer.